Twenty-two Centrue Bank locations are now owned by Midland States Bank. Shareholders of each bank approved the merger in votes Wednesday and Thursday. Midland States Corporate Counsel Doug Tucker says the deal was closed at the end of business Friday.
It’ll take at least a couple months to switch everything at Centrue locations over to Midland States. Tucker says Midland States has made 11 previous bank acquisitions and its customer care teams have gotten very good at it so it’s mostly seamless for the customers.