Nasdaq Delays Listing of Midland States Bancorp, Inc. Stock Due to Delayed Filing of Annual Report.

Midland States Bancorp, Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K

WADSWORTH, Ohio, April 09, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) today announced that it has received an expected notification of deficiency from The Nasdaq Stock Market LLC ("Nasdaq") related to the Company's delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2024.

As previously disclosed, the Company is working diligently to complete its 2024 Form 10-K and expects to file the report as soon as possible. The Company is also working with its independent auditors to resolve certain accounting matters related to the preparation of the report.

The notification of deficiency from Nasdaq indicates that the Company's failure to file its 2024 Form 10-K by the April 9, 2025 filing deadline has triggered a deficiency, which may result in the Company's common stock being delisted from Nasdaq if the report is not filed by April 23, 2025.

The Company is actively exploring all available options to resolve the deficiency and intends to file its 2024 Form 10-K as soon as possible. The Company will provide additional updates on the status of its filing as more information becomes available.

About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a registered bank holding company headquartered in Wadsworth, Ohio. The Company operates through its wholly-owned subsidiary, Midland States Bank, a full-service commercial bank that provides a range of banking and financial services to individuals, families, and businesses in Illinois, Michigan, and Ohio.