midland states bank business login

Midland States Bank provides a full menu of personal, business and wealth savings, loan, mortgage, investment, online & mobile banking products. Rock Canyon Bank provides a wide range of business and personal banking services as well as lending options including SBA loans, mortgage loans, & more. When Luke Beggin was looking for a new home for his business he knew two things — he needed more space and he wanted to stay in Freeport. midland states bank business login

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Midland Wealth Management is a trade name used by Midland States Bank and its subsidiary Midland Trust Company.

Investment and Insurance Products:

  • NOT FDIC Insured
  • NO Bank Guarantee
  • May Lose Value
  • Not A Deposit
  • Not Insured By Any Federal Government Agency

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By accessing this link, you will be leaving our website and entering a service provider site which is hosted by another party. Please note that this site's privacy policy and security practices may differ from Midland States Bank's. As such, we cannot control, endorse or guarantee any aspect of the use of the linked site, and we assume no responsibility for such use.

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Источник: https://www.midlandsb.com/login

Lucas Group moves offices to former Midland States Bank building in Freeport


Todd McKenna 

Midland Bank

Company

Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC. The bank was founded as the Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836. It expanded in the Midlands, absorbing many local banks, and merged with the Central Bank of London Ltd. in 1891, becoming the London City and Midland Bank.

After a period of nationwide expansion, including the acquisition of many smaller banks, the name Midland Bank Ltd was adopted in 1923. By 1934, it was the largest deposit bank in the world. It was listed on the London Stock Exchange, and was once a constituent of the FTSE 100 Index, but in June 1992, it was taken over by HSBC Holdings plc, which phased out the Midland Bank name by June 1999 in favour of HSBC Bank.

On 10 June 2015, HSBC announced that it would be rebranding its branches in the United Kingdom. HSBC chairman Douglas Flint described the Midland brand as "odds on favourite" for a return to the high street.[1] In September 2015, it was announced that the Midland Bank name would not be revived, and the branch network in the United Kingdom would be branded "HSBC UK".[2]

History[edit]

Early history[edit]

Former Threadneedle Streethead office of The City Bank, which became London, City & Midland Bank
The Lutyens designed Midland Bank Head Office building, London.

Midland Bank was founded by Charles Geach, its first manager in Union Street, Birmingham, England, in August 1836. Geach had formerly worked at the Bank of England; he secured the business support and capital backing of leading merchants and manufacturers in Birmingham.[3]

In the 1830s and 1840s, Midland offered discounted bills of exchange for customers.[3] By the 1850s the bank's customers included railways, iron founders and engineering concerns, utilities and municipal corporations.[3]

Midland acquired Stourbridge Old Bank in 1851 and Nichols, Baker and Crane of Bewdley in 1862.[3]

Acquisitions and development in its first 50 years[edit]

From the 1880s, it expanded its customer base by opening new branches and acquiring other banks. In 1891 it acquired the Central Bank of London (which gave Midland a seat in the London Bankers' Clearing House, in 1898 it bought the City Bank[3] (which provided a London head office) and, in 1914, it acquired the Birmingham Banking Company.[4]

By 1918, with deposits of £335 million, it ranked as the largest bank in the world. Edward Hopkinson Holden led the bank at this time first as Managing Director from 1898 to 1908 and then as Chairman and Managing Director from 1908 until his death in 1919. He oversaw more than twenty bank amalgamations between 1891 and 1918, and opened new branches throughout England and Wales.[3]

Holden also expanded overseas; it was the first British bank to set up a foreign exchange department and, by 1919, it was acting as London bank to some 650 correspondent banks throughout the world. From 1907, these correspondents included The Hongkong and Shanghai Banking Corporation.[3]

After the First World War, the leading British banks entered an agreement with the government that they would not attempt further amalgamations without Treasury approval. As a result, Midland turned its attention to expanding its branch network, adding new banking services, mechanising its systems (from 1928) and advertising its activities.[3]

Post war recovery and international alliances[edit]

Midland responded to the ending of credit restrictions in 1958, by extending its branch network and by introducing a series of innovative services, including personal loans (1958), personal cheque accounts (1958) and cheque cards (1966).[3] In 1958, it acquired Forward Trust, which became a leader in installment finance, leasing and factoring services.[3]

In 1967, Midland acquired a share in Montagu Trust, the owner of Samuel Montagu & Co., and thereby became the first British clearing bank to own a London merchant bank. Samuel Montagu, with its own history dating back to 1853, became a wholly owned subsidiary in 1974, and is now part of HSBC's private banking business.[3]

Through the acquisition of Samuel Montagu & Co, Midland also gained a majority share in Guyerzeller Bank AG (now HSBC Guyerzeller Bank) in Switzerland.[3] Further diversification followed in 1972, when Midland was the leading member of the consortium that acquired the Thomas Cook travel business. After becoming sole owner in 1977, Midland sold its interest in 1992.[3]

In 1974, Midland began to open branches or representative offices in overseas countries and to acquire other international banks. The largest of these was the purchase of a majority share in Crocker National of California, United States: this was not a success and Midland was forced to take full ownership in 1985 so that it could sell it to Wells Fargo the following year.[3]

In 1980, Midland acquired a controlling interest in Trinkaus & Burkhardt KGaA, a private bank in Germany with a long history of its own, today HSBC Trinkaus.

In 1984, in a bid to grab market share Midland scrapped current account charges.[5][6] It was so successful that all other banks in the United Kingdom had to quickly follow and offer the same or risk losing their customers. The country has had free banking ever since.

Midland joins the HSBC Group[edit]

The Hongkong and Shanghai Banking Corporation acquired a 14.9% equity interest in Midland Bank in 1987, and a strong working relationship developed. In October 1989, First Direct was established and was at the forefront of telephone banking, with person to person service available twenty four hours a day, 365 days a year.[3]

In June 1992, HSBC Holdings plc acquired full ownership of Midland Bank. At the time, it was one of the largest acquisitions in banking history, and gave HSBC a major foothold in Europe, which it needed to complement its existing business in Asia and the Americas, when it had to move its Hong Kong based headquarters to London on 1 January 1993, accepting primary banking supervision by the Bank of England.

Midland Bank was renamed HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the Group.[3]

The last head office of the Midland Bank, opposite the Bank of England in Poultry and Princes Street, was sold in October 2006 to a tycoon from Russia, with HSBC vacating the banking hall on the ground floor and huge underground deposit vaults in 2007. In 2012 the ground floor was used in the Channel 4 game show The Bank Job. The architect John Alfred Gotch designed the building, with assistance from Sir Edwin Lutyens.

Built between 1921 and 1939, and symbol of the 1930s pride of the biggest bank in the world, the building is currently (2015) under development as a hotel.[7]

HSBC UK swift code (all offices in the United Kingdom) being MIDLGB22 reflects its past as the Midland Bank.[8]

Branding[edit]

The Midland Bank was famous for its golden griffin logo, surrounded by golden coins originally introduced in 1965 on a black, then later blue background, and for its slogan "the listening bank," written by the advertising executive Rod Allen. Advertisements for the bank appeared in the popular computer game Theme Park. An animated friendly version of the Griffin fronted the bank's television advertising during the 1980s.[9]

The Midland Bank still traded as Midland Bank, but using the HSBC logo from 1997, and was finally rebranded as HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the group. However, a dormant subsidiary, Midland Bank (Branch Nominees) Limited, continues to be registered at Companies House.[10]

  • First "griffin" logo, used from 1957-1989

  • Second "griffin" logo used from 1989-1997

  • Final logo used from 1997-1999 (HSBC logo with "Midland Bank" name)

References[edit]

External links[edit]

Источник: https://en.wikipedia.org/wiki/Midland_Bank

Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.28 Per Share

EFFINGHAM, Ill., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on or about August 20, 2021 to all shareholders of record as of the close of business on August 13, 2021.

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2021, the Company had total assets of approximately $6.63 billion, and its Wealth Management Group had assets under administration of approximately $4.08 billion. Midland provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

CONTACTS:
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at [email protected] or (217) 342-7321


Источник: https://www.globenewswire.com/en/news-release/2021/08/04/2274969/0/en/Midland-States-Bancorp-Inc-Declares-Quarterly-Cash-Dividend-of-0-28-Per-Share.html

Midland States Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. This guide will compare the Midland States Bank rates to CD, money market, and savings account rates from the USA’s top banks.

Let’s take a look!

Savings Account Rates

TypeMinimum BalanceAPY
Standard Savings$0.010.05%

Money Market Rates

Minimum BalanceAPY
$2,500.000.02%
$10,000.000.02%
$25,000.000.23%

CD Rates

TermMinimum DepositAPY
12 Month$500.000.15%
24 Month$500.000.25%
36 Month$500.000.40%
48 Month$500.000.45%
60 Month$500.000.60%

Certificates of Deposit vs. Fixed Annuity

The Top Fixed Annuities

Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Guaranteed crediting rates for the terms below:

  • 2 YEAR TERM: 2.15%
  • 3 YEAR TERM: 2.60%
  • 4 YEAR TERM: 2.60%
  • 5 YEAR TERM: 3.05%
  • 7 YEAR TERM: 3.25%
  • Grow your money as fast as possible
  • Principal protection
  • Interest rate is locked for the term you select
  • Tax deferred growth
  • Withdraw annually without penalty
  • Lump sum death benefits
  • Accepts cash, 401(k), and IRA Funds

What’s The Difference Between a Fixed Annuity and CD?

FeatureFixed AnnuityCD
Who OffersInsurance CompanyBanks
Premium Amounts$2,500 to $1 Million$500 – No Maximum
Terms2 Years to 20 Years3 Months to 7 Years
Guaranteed Interest RatesUp to 3.25%Up to 1.25%
Principal ProtectionYesYes
Can Lose Money?NoNo
Liquid After Term100%100%
How Are Gains Taxed?Tax-DeferredTaxed Annually
Annual LiquidityUp to 10% AnnuallyNo Liquidity
Who Protects My Money?Insurance Company/SGAFDIC
Accepts IRAYesNo
Accepts 401(k)YesNo
Death BenefitLump-SumLump-Sum

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).

For example, Georgia insures up to $250,000 of the annuity’s cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.

The Best CD Rates Today

3 Month CD Rates

6 Month CD Rates

1 Year CD Rates

2 Year CD Rates

3 Year CD Rates

4 Year CD Rates

5 Year CD Rates

The Best Fixed Annuity Rates Today

Learn the differences and benefits between Fixed Annuities and Certificate of Deposits (CD).

Disclaimer: I may receive a small referral fee if you purchase something using a link in this article.

Midland States Bank: Savings Accounts And Cd Rates (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Источник: https://www.annuityexpertadvice.com/rates/midland-states-bank/

Midland States Bank Foundation Awards Grant to Leach College of Nursing

Joliet, Ill. – The Midland States Bank Foundation recently presented the University of St. Francis’ (USF) Leach College of Nursing with a $5,000 grant to support community nursing and primary care research for community health care. Dan Stevenson, Midland States Bank Senior Vice President of Banking and Cornell Lurry, Midland States Bank Regional Community Development Relationship Manager presented the grant check to the university.

“As Joliet’s only four-year university, USF is proud of the support it receives from community-based organizations such as Midland States Bank and the Midland States Bank Foundation. This grant will support community nursing and primary care research for community health care, and serves as a reminder of the power of partnership. We sincerely thank the Midland States Bank Foundation for its support of our university and our students,” said USF President Arvid C. Johnson, Ph.D.

Stevenson echoed Johnson’s comments and reiterated the importance of partnership through education.

“USF works tirelessly to make our Joliet community stronger through the power of education,“ commented Stevenson. “As partners in the community, we are able to see Joliet and the surrounding areas positively affected. We are invested in the communities we serve and want them to thrive.”

Currently celebrating 100 years of higher education rooted in Franciscan values, the University of St. Francis, in Joliet, Ill., serves close to 4,000 students nationwide and offers undergraduate, graduate, doctoral and certificate programs in the arts and sciences, business, education, nursing and social work. There are over 50,000 USF alumni across the globe. For information, call 800-735-7500 or visit stfrancis.edu.

University of St. Francis: Bigger thinking. Brighter purpose.

# # #

(image caption – The Midland States Bank Foundation recently presented USF’s Leach College of Nursing with a $5,000 grant to purchase a variety of community health research resources. Pictured from left to right are Ebere Ume, Dean of USF’s Leach College of Nursing; Kristin Short, USF Vice President for University Advancement; Arvid C. Johnson, Ph.D., USF President; Dan Stevenson, Midland States Bank Senior Vice President of Banking; and Cornell Lurry, Midland States Bank Regional Community Development Relationship Manager.)

Источник: https://www.stfrancis.edu/midland-states-bank-foundation-awards-grant-to-leach-college-of-nursing/

The best part of my role at Nintex has always been getting to hear directly from our customers and end-users about how they are using Nintex to improve the way people work. Thanks to our new webinar series, Workflow Wonders, we now get to bring those stories to life for the rest of our Nintex community.

This month, we welcomed Kyle Barton, IT Manager – Enterprise Automation & Analysis at Midland States Bank to Workflow Wonders. Kyle shared how the bank is using Nintex to automate and streamline critical customer processes across its business.

Midland States Bank + Nintex

Midland States Bank is a community-based financial holding company headquartered in Effingham, Illinois. The bank provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services.

When Nintex acquired Enablesoft in 2019, Midland States Bank was looking for technology to help enhance their digital footprint going forward. The bank was using Nintex RPA, formerly referred to as Foxtrot RPA, for about 10 years. Its SharePoint group was also migrating from SharePoint 2010 to SharePoint and needed to improve workflow and form design. And it was also leveraging Nintex Drawloop DocGen® for Salesforce. Kyle shares that “it just made sense” to continue with the Nintex Process Platform as the bank’s uniform process automation tool across its various applications.

Outgoing wire process gets a Nintex upgrade

On the webinar, Kyle discussed how the bank has leveraged Nintex Workflow Cloud with Nintex RPA to automate its outgoing wire process. The bank’s previous wire process was prone to errors in spelling and amount, which often resulted in fixing mistakes manually and creating audit trails. The process was also dependent on paper forms. The bank needed a more efficient approval process.

Kyle and his team leveraged the Nintex Process Platform to automate the entire process – beginning when a customer requests an outgoing wire.

The team started by replacing the bank’s previous wire process form with a digital form. Kyle shares, “We got rid of the paper, but we also asked what else can we do to make this form better, easier to understand, and use for our tellers?” The form uses rules, data lookup fields, as well as workflows, to create a more user-friendly and intuitive experience for the bank’s tellers.

Once submitted, a wire process document is generated and sent to the teller to provide a copy to the customer. Workflows then kick off the approvals and manage the process through the completion of the wire. Nintex RPA is used to apply the correct daily wire-rate based on foreign exchange rates from the bank’s wire vendor.

The solution has saved Midland States Bank an estimated 178 hours each month and approximately $80,000 in costs.

241 efficiencies in 2020 and counting

When the CIO of Midland States Bank set a goal for Kyle and his team to deliver 200 automation efficiencies in 2020, Kyle didn’t know if it would be possible. To put it in perspective, at the end of 2019 Kyle and his team delivered 50 efficiencies with Nintex, saving the bank 4,245 hours and $102,630 in costs.

Ten months into the year, Kyle and his team have already delivered the bank 241 efficiencies resulting in over 7,000 hours saved and $264,787 in costs. Of the total efficiencies delivered this year, 233 leveraged Nintex RPA. The bank’s Nintex RPA solutions include:

  • Fee parameter maintenance
  • PPP forgiveness payoffs
  • Letter generation for address change and collections
  • File downloads from vendors without SFTP or API capabilities
  • Application status checks
  • Account creation/closing
  • Card ordering
  • Mortgage sale release

With two months left in 2020, Kyle and his team will likely deliver over 250 efficiencies for the year. “My team has blown the goal that was set for us out of the water. I can’t wait to see what we get to before the end of the year, and next year as we continue to automate with Nintex” says Kyle.

Watch the complete recording on-demand now including a live Q&A with Kyle Barton where he discusses best practices for getting started and how to help other lines of business buy into automation.

 

 

If you’d like to learn more about process mapping and automation, get in touch with the team at Nintex today. Or if you’d like to test-drive the Nintex Platform free for 30 days, start a free trial.

 

 

Elise Harrington

Elise has been with Nintex for 3 years as part of the Nintex corporate communications team. Elise loves connecting with Nintex customers and partners and learning how they're using our technology to improve the way they work.

Источник: https://www.nintex.com/blog/workflow-wonders-featuring-midland-states-bank/

Midland States Bank

Midland States Bancorp, Inc.

About

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2018, the Company had total assets of approximately $5.7 billion and its Wealth Management Group had assets under administration of approximately $3.2 billion. Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. In addition, multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiary.

The Need

At Midland States Bank, we strive to give our high-potential employees the tools they need to tackle various challenges they might face as they advance their career at a growing company. As part of our high potential one-year program, we chose business simulations to augment our project management and general business acumen curriculum.

The role of Cesim Project and Cesim Bank

Cesim was selected to deliver two business simulations which would bridge the gap between our classroom-based training programs and the real world.

After a project management seminar, participants are placed on teams as project managers to complete a virtual program. Each team seeks to complete an identical project utilizing less budget, less time, and with a higher level of quality than the competition. At the completion of the simulations, teams present their takeaways from the simulation and discuss applying the learning to their current and future roles.

For the business acumen portion of the program, participants run simulated banks over several virtual years. Each team competes for the same financial metrics as real businesses. This exercise takes lots of participants out of their comfort zones. The program stretches their creativity and critical thinking skills to manage products, make decisions about the direction of their virtual banking entities why did america ferrera leaving superstore analyze environmental contexts to ensure long term success.

In both programs, the team-based competition increases the level of engagement and drives learning.

“We are in the second year incorporating the simulations in our high potentials program. We use both the project management and the banking virtual sims. Our fifth 3rd bank phone number enjoy the hands-on, non-threatening yet challenging learning experience. Each year we enhance the program based on participants’ feedback; Cesim modified the sim and incorporated Midland States Bank’s project management templates and other real-world tools to increase the relevancy and give our participants real experience with our processes. Jason guides the participants with the right amount of instruction through regular meetings and market reports. The participants learn for themselves and have support if they go off track. We appreciate Cesim as a partner to develop the bench strength of our company through virtual, thought provoking and applicable activities that they can support. We look forward to continuing to increase the abilities of our learners with Cesim as our el dorado savings bank hours src="https://www.cesim.com/hs-fs/hubfs/Cristina%20Ciorna.jpg?width=100&name=Cristina%20Ciorna.jpg" alt="Cristina Ciorna" width="100">

Cristina Ciorna
Learning and Development Director

The Outcome of the Training

Participant feedback for this program is very positive. The consensus is that the project management simulation approach reinforces the learning of the accompanying seminar. In addition, participants are much more comfortable with their understanding of bank operations and the way decisions are made in the banking industry.

Guide book CTA Project

Download the free Cesim Project Guidebook

Learn more

 

Capitol Federal Savings Bank

Capitol Federal Savings Bank

About

Capitol Federal Savings Bank is a federally chartered and insured savings bank founded in 1893 and is headquartered in Topeka, Kansas. Capitol Federal currently has 37 branch locations and 10 in-store branches, serving primarily the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia and Salina, Kansas and both the Kansas and Missouri sides of the greater Kansas City metropolitan area. CapFed has $9.4 billion in assets. (Source: CapFed Website)

The Need

While CapFed values its 120-year history of service to customer and the community, we strive to stay current by using today’s most advanced techniques and services. As part of this ongoing effort, select high-potential employees can be part of a thorough training program to ensure our ability to provide our customers with world class banking services while retaining the family-like feeling.

The role of Cesim Bank

To bridge the gap between classroom and on the job learning, Midland states bank business login was selected to deliver a business simulation which put these participants in the roles of managing why did north carolina and south carolina split banks. The sim captured the vital decision making and inflection points of running a bank year over year.

“Cesim exceeded our expectations. They delivered an engaging and educational three-day ‘how banks make money’ program. We were pleased with the simulation: from the design to the browser-based delivery. While we used it in an in-venue format, the browser-based delivery worked well “out of the box” with our existing technology and was easy to use. Cesim was very responsive – quick to answer questions and tailor the sim to be closely aligned with our business model. If you are seeking engaging and effective training, I recommend contacting Cesim to put together a custom business simulation program for your business.”

Paul Jeanis
Director of Training

The Outcome of the Training

While all participants had basic understanding of bank operations and how different pieces synched together, the simulation program filled in details and gaps in the participants’ knowledge base. Throughout the course of the virtual years of simulated bank operations, it was clear to see the participants ‘getting it’, as key ratios and performance metrics such as net interest margin, efficiency and return on assets improved for their respective simulated businesses overtime. The triumph of the program came at the conclusion when each team was able to accurately predict the key metrics of their operations and explain the reasons behind the numbers – demonstrating the program had delivered the desired learning.

Guide book CTA Bank

Download the free Cesim Bank Guidebook

Learn more

 

Parker Fitzgerald

Parker Fitzgerald Consulting

About

Parker Fitzgerald is a specialist consultancy focusing in risk and regulation. They have offices across the globe and run their graduate development programme from their London office.

The Role of Cesim Bank

"We chose Cesim Bank, because we wanted to give our graduates a chance to see what it’s like to run a bank, to demonstrate how complex running a bank is and the different chase terminal support canada they need to think about and how they integrate. We wanted them to see how by pulling one lever and making a decision in one area of the bank, it could affect multiple different areas that they may not have originally thought of. The way we ran the programme was to begin with an initial practice round so the graduates got a feel for how the simulation works. We kept the simulation nice and simple, effectively just a retail and commercial bank operation. Once they got the hang of the mechanics of the tool we ran a live scenario over eight periods to let them experience what it would be like to go midland states bank business login both a crisis, and coming out of that crisis. So they got the good times and the bad times, to see how different decisions can affect those in different ways."

Simon Wilson

Simon Wilson
Risk Advisory Partner

 

The Outcome of the Training

"The key learning the grads get from the simulation is the level of complexity. We’re a risk and regulatory focused consultancy, so we want them to understand how their decisions affect capital, how they affect risk, how they affect the make-up of their portfolio, and how the competition from other virtual banks affects their own performance. This is not something they’re doing in isolation, there is that element of competition that means their decisions may not bring them the outcome they originally expected.

All the graduates came back with the comment I expected, which is that banking and actually running a bank is an incredibly complex business! It’s not quite as simple as ‘pull this lever and this happens’. They learned you have to juggle so many things, such as your balance sheet and profit and loss plus your operations. With the simulation you learn and develop by iteration, and understand that every area of the bank is complex. It really gives them a feel for what it’s like to be running such a large organization."

Quotes from graduate recruits:
  • Athan Moulas: "It was really fun. We ran the simulation during the last three days of the training in the graduate scheme, and we were using and applying all the knowledge we took from the graduate scheme in terms of risk management, financial statements and compliance.
    No matter how good your results are, you have to look to the other teams and compare. We realized during the simulation that it’s so complex to run a bank. Every decision made affects something you don’t expect. Everything is interconnected, it’s interlinked, and you have to find a real estate online classes sc to generate greater returns for the shareholders.
    My team simply tried to generate the greatest amount of shareholder return. And we won!"
  • Katherine Moore: "My teammate and I sometimes had different ideas about what we wanted to do. We needed to analyse what other teams were doing, agree on our own strategy and also coordinate the front and back offices of the bank. Because we had no idea what the other teams were going why is steel cut oatmeal good for you midland states bank business login, it was interesting to see how our decisions compared afterwards. Our strategy was to create a sustainable business model.
    The simulation gives a really good overview of the various products offered by a bank. It has a lot of detail about what certain products are and how banks run. The different departments such as marketing, finance, HR and so on. And because it’s all done in a fun way it’s something you really remember, rather than when just reading a book. It gave us a really good foundation, and because it was fun we really engaged with it."

 

 Telekom Austria Group

Telekom Austria Group

About

Telekom Austria Group, is the leading communications provider in Central and Eastern Europe with almost 23 million customers across its markets of operations. The Group has roughly 16,000 employees as of April, 2015 and revenues were roughly EUR midland states bank beecher il billion as of year-end 2014. Telekom Austria Group's portfolio encompasses products and services of voice telephony, broadband Internet, multimedia services, data and IT solutions, wholesale as well as payment solutions.

Telekom Austria runs an annual nomination-based programme for its young potentials. The programme consists of three face-to-face modules and a telecom business simulation game that runs alongside the programme from December until April with biweekly decision-making rounds. The simulation culminates at the final day of the programme when teams pitch their experience to the group CFO.

The Role of Cesim Connect

During the telecom simulation, teams manage the strategy and decisions for their full-service telecom operators. All teams start from the same position and they compete against each other for market-share and profits. Participants manage consumer mobile, fixed broadband, entertainment services, distribution channels, corporate solutions, network investments, and finance decisions. During the telecom operator management simulation rounds, they are faced with changing customer preferences, technological evolution, different economic conditions, and of course unanticipated competitor maneuvers.

The Outcome of the Training

Programme Manager Ulrike Oswald comments:

"One of the key goals of our Young Potential Development Programme is to provide the participants with a holistic idea about the telecom operator business. In addition, the programme develops the participants’ intercultural and team-work skills. Cesim simulation is a great tool for delivering the holistic picture and it also gives the participants the opportunity to put in practice the team-work and intercultural skills that they learn during the programme. The simulation operates fully online so our participants can fit the simulation rounds to their individual schedules and collaborate virtually during the programme."

Watch the video below for more participant impressions of the programme:

 

Learn more about Cesim Connect

 

Peikko Group

Peikko Group

About

Peikko GroupPeikko Group Corporation is a Finnish leading global supplier of concrete connections and composite structures. Peikko is a family-owned and run company with over 1200 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries.

Customer Need

Peikko organizes an annual meeting for its global management teams and this year Peikko’s CEO Topi Paananen wanted to engage his management with a business simulation that would illustrate Peikko’s challenges in a fun and effective way within a day-and-a-half time span.

Cesim Use

The process started with a meeting between Topi Paananen and Cesim’s team where the initial idea for the Peikko case was established. Cesim’s general management simulation CesimFirm was used as a base for Peikko’s adapted version due to its first bank ewing nj and modifiability. Later, Topi and his CFO Jukka Turva wrote the case description for Beicco Ltd, midland states bank business login fictitious company that resembles Peikko Group’s current operating environment and challenges and allows the participants to operate the simulation in a suitably realistic content. Read about Topi’s and Jukka’s brainchild here. After the case was designed, Cesim implemented the case and parameters into the actual simulation.

Implementation

A total of 55 participants were split into 10 teams who each got to be the management team of Beicco Ltd. All teams were put into the same starting position so that the performance between teams could be easily compared. Before getting together for the annual meeting, participants received a video introduction to the simulation that helped them access my chase bank account online orientate for the task in advance. During the annual meeting, the teams maneuvered their virtual companies for five rounds through swings in customer demand and raw-material costs, fluctuating FX rates, and emerging geopolitical factors.

Topi PaananenTopi Paananen Peikko Group CEO"I have known business simulations since I was a student at a business school and feel that they are a great way to practice business decision-making without the risk of losing real money. Peikko Group has grown rapidly over the past 10 years and recently we have shifted increasing focus on profitability. I wanted my management to experience the main internal and external profitability drivers and challenges from the holistic point of view. Cesim’s solution offered me the opportunity to implement a case and a storyline that captured relevant aspects in a dynamic, competitive, and fun environment."
- Topi Paananen, Peikko Group, CEO

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 Terrena

Terrena

Marie-Pierre-Yeni-Guillaume.jpgThis is a case study with Marie-Pierre Guillaume about an executive training she conducted for Terrena's HR managers at Audiencia using the Cesim SimFirm general management business simulation. Below is a short summary of the company, the problem they were facing, the overall goals of the training, and the results after learning key financial concepts with Cesim SimFirm.

Marie-Pierre
Professor and coach during the business simulation training.

About

Terrena group is a French food conglomerate, established in 2004 from the merger of Cana, Caval and CGA, and members of the group of cooperatives Invivo. With a turnover of €4.4 billion, 22,000 farmers and 12,046 employees, Terrena is one of the major players in the agriculture industry in France.

Customer Need

Terrena's goal is to improve its cash flow in order to finance its growth and external development. This is an objective that all of the company’s employees need to understand and be involved in, including HR managers and the way they handle their daily activities.

The Objective(s) of the Training
  • Mainly to allow the Human Resources Managers to participate in the financial discussions during Managing and Committee Boards
  • Develop their understanding of the main financial tools
  • Understand the outcome of their decisions on the cash flow of the company
The Role of Cesim SimFirm in Meeting the Objectives

After a day and a half of teaching financial concepts, Cesim SimFirm allowed the participants to put what they had learned in practice. The use of the general business management simulation game was mainly oriented toward financial and cash results generated by their operational decisions.

The Outcome of the Training

The results were overwhelmingly positive! Below is a video containing interviews with the participants and Marie-Pierre herself about the key learnings of the the training, and why a business simulation was the right choice for improving their financial knowledge (subtitles available in English).

Experience summary from the trainer and participants
  • Marie-Pierre Guillaume (trainer): "To be honest, they (participants) are often reticent, they think 'I'll never be able to do this'. But when we start using games and simulate real-life situations, they feel more at ease. I help them, give them advice, so that when they understand how it works, they want to work longer hours because they are caught up in the game. That's what learning is all about and know-how pnc christmas light show 2018 vitally important.
    "Simulation makes things much more tangible. We repeat a certain number of concepts, we set the stage, and then ask them to use those concepts. They have all the tools they need. We explain what cash flow is about and then we let them get on with it. They have to manage a company with a certain number of objectives in terms of cash flow. So they are put in a real-life situation and have to apply what they've learnt over the previous two days. Doing is an excellent way of learning and that's what they like about it."
  • Jean-Pierre Robbe (participant): "It's very interesting for an HRM to know more about financial issues. What I found particularly interesting, because we don't work with data, is that financial decisions are taken in relation to a strategy. And that's not mathematical at all."
  • Céline Raimbeault (participant): "The training is really interesting for us because we don't deal with financial data. Now we can read a profit and loss account and a balance sheet. We can discuss with our colleagues all about management control and accounting more easily"
    "We have a real role to play in what the company achieves."
  • Emmanuella Bricaud (participant): "It's clear that tomorrow if we're asked what we learnt in the seminar, we'll have to talk facts and figures. As HRM, we didn't see their impact before. Now we can go and say to the HRD, 'What's the strategy?', 'What's the budget?', 'How do you want us to decrease costs?

 

NH Hoteles

NH Hoteles

About

NH Hotels is one of the main hotel chains in Europe and it operates 400 hotels across Europe, America, and Africa

Industry

Hospitality

Project Goal

To develop a shared mindset among hotel managers and improve their ability to translate group-wide strategy into action.

Implementation

Cesim delivered a customized hospitality simulation in English, Spanish, French and Italian. It also conducted train-the-trainer workshops for the client’s internal trainers, who then delivered the training for a total of 400 managers globally

  

Intesa Sanpaolo

Intesa Sanpaolo

About

Intesa SanPaolo is the leading bank in Italy and among the top banking groups in Europe with approximately 7000 branches in its network

Industry

Banking

Project Goal

To help cultivate fact-based management culture, develop analytical skills, and create awareness about the current banking operating environment

Implementation

Cesim designed a customized bank simulation game with the involvement of Intesa SanPaolo

 

 Vodafone

Vodafone

About

Vodefone Italy is a leading operator in Italy with 8000 employees and 30 million customers

Industry

Telecommunications

Project Goal

To develop business-acumen, cost-consciousness, and financial literacy amongst employees

Implementation

Cesim delivered a customized telecom operator simulation game in Italian and English and conducted workshops for approximately 2000 employees

 

 Home Credit Bank

Home Credit Bank

About

Home Credit and Finance Bank (“HCFB”) with more than 30000 employees is the only pure retail player in Russia and the undisputed leader in POS finance with 24% market share*(as of 31 December 2011). HCFB offers consumer loans through points of sales outlets as well as providing lending and other retail banking products through its own branches.

We are happy to announce, that Cesim Lithuania has just successfully finished a challenging half a year long project! The beginning was in spring 2013, when our client in Russia, Home Credit Bank launched midland states bank business login company wide initiative – a training program, called “Academy Of Regional Directors” for more than 100 its top executives.

The main aim of the program was to enhance business planning, strategy execution and deepen business acumen.

Cesim Lithuania took the challenge and prepared a first module in this academy, focused on Finance and Banking business acumen. At the core of the program, we adopted Cesim Bank, our latest banking business simulation. Highly experienced participants took part in the 3 days training program, where they could experience cause and effect of real life decisions without a financial risk. Combining practice in the banking simulation with real life case analysis and discussions gave synergies to training experience. Participants highlighted the effectiveness of this type of training, with a lot of practice and learning skills.

This cooperation with one of the leading banks in Russia not only proves that Cesim can meet the highest standards in the business training industry, but also helps us to develop a best in-class product, which we midland states bank business login tailor to suit our customers' needs.

 

Huhtamaki

Huhtamaki

About

Huhtamaki is one of the world’s largest packaging companies and one of the few truly global players. Their focus and expertise is in paper, plastic, films and molded fiber. The company offers products from stock, custom designs as well as total packaging systems and solutions. Huhtamaki has operations in 36 countries, over 15,000 employees and net sales exceeding. 2,1 billion. The parent company, Huhtamäki Oyj, is incorporated in Finland, with a listing on the Helsinki Exchanges since 1961.

Challenge

One of the key challenges facing a multinational manufacturing company like Huhtamaki is the intra-company cooperation, i.e., the ability to fully utilise the company resources and opportunities across the geographical borders. In practice it is often difficult to act according to what is best for the whole group when the responsibility for the manager’s own P&L is much more tangible. Huhtamaki’s International Leadership Program (ILP) is designed to overcome some of these barriers. Through demonstrating the group-level perspective and giving the participants opportunities to network with their colleagues globally ILP not only gives practical tools for managing the business units, but also develops future executives. The program has been implemented 11 times and more than 200 senior managers have completed the program.

Cesim Use

Cesim designed and developed a customized simulation that lets the participants experience the decision-making challenges both on the SBU-level and on the corporate level. During the simulation, managers are faced with the sometimes conflicting task of managing their business unit P&L and at the same time aiming for the most optimal corporate level operations and sales portfolio.

This business simulation workshop is currently used at one of the modules in Huhtamaki's ILP program and at other selected management training initiatives as a 1,5 day intensive course. Cesim provides the whole package of services, including simulation, training facilitation, and training equipment.

Customer Experience

"ILP is a very important midland states bank business login highly allegany first federal credit union development program inside our group. Participants are experienced senior managers from all over the world who expect 150% return on their time. With pleasure, I can state that Cesim has met our high expectations throughout the cooperation by continuously delivering excellent service and demonstrating strong commitment to our specific needs.”

Hannele Salminen
Group Vice President, Human Resources

Participants Comments
  • "Useful and exciting way of simulating business environment. Tailored business simulation program reflected well our business and I found it also useful training for my daily work.”
  • "This was the best business simulation game I have participated in, and am looking forward to using it in the States.”
  • "We need to distribute this training tool widely in the business. I am going to see if we can get our group a session this fall.”
  • "This was an excellent module for our group. It represents clearly what we are challenged with today. In my opinion, this is something that should be driven outside of ILP as well.”

Written in co-operation with Huhtamäki Oyj

 

   YLE

YLE

About

YLE is Finland's national home for sell service broadcasting company. YLE operates five national television channels and thirteen radio channels and services complemented by 25 regional radio programmes.

In 2003, YLE's share of daily television viewing was 44% and YLE's share of daily radio listening was 51%. YLE's operations are financed mainly by television fee (EUR 186.60 per year), and programming carries no advertising. The company is 99.9% state-owned and supervised by an Administrative Council appointed by the Finnish Parliament, and operates under the Act on Yleisradio Oy.

Challenge

From the financial point of view, the near-term objective of YLE is to turn the operating cash flow from negative to positive. However, in the process, the main purpose of the company public remit-cannot be sacrificed.

The understanding of the situation as well as tools for managing the situation needed to be delivered to the senior and middle management at a fast pace. The task was particularly interesting because many of the key people have a background in the creative side of the operations.

Cesim Use

Cesim designed and developed a public broadcasting services simulation to be first used as part of YLE’s strategic seminars for top and senior managers. Later, the solution was also expanded to middle managers and producers.

A crucial factor in being able to deliver the results was that participants needed to understand the relationships between programming, production, purchases, and resource management. Only this would lead to more efficient coordination of functions and finally to best practices mode of operations.

In the public broadcasting simulation, the main objectives are to obtain a large share of audience, high programme quality and audience satisfaction, and moreover to offer sufficient genre coverage for different audiences. Fulfilling the objectives under the financial limitations is challenging and requires profound thinking of the whole business process.

Customer Experience

"During my career, I have participated in different business simulations in Oxford, BBC, and other. The pinnacle of all has been Cesim’s tailor-made business simulation for YLE. It is well-fitted to our current situation at YLE and it gives great opportunities to develop team-work.”

Juhani Wiio, Head of Corporate Development, YLE
Chairman of the Training Steering Committee
European Broadcasting Union

Participants Comments
  • "Cesim simulation gave me a new angle for the television program planning from the financial point of view and it encouraged me to look deeper into financial decision making.”
  • "The Cesim public broadcasting game gave me practical examples how all different functions are connected to each other and how they reflect immediately to our company’s cost structure. "
  • "Cesim simulation training was fun and it clarified, quite deliberately, how economic factors influences everyday operations in the company.”

Written in co-operation with YLE

Источник: https://www.cesim.com/vn/about/corporate-success-stories

Lucas Group moves offices to former Midland States Bank building in Freeport


Todd McKenna 

Midland States Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. This guide will compare the Midland States Bank rates to CD, money market, and savings account rates from the USA’s top banks.

Let’s take a look!

Savings Account Rates

TypeMinimum BalanceAPY
Standard Savings$0.010.05%

Money Market Rates

Minimum BalanceAPY
$2,500.000.02%
$10,000.000.02%
$25,000.000.23%

CD Rates

TermMinimum DepositAPY
12 Month$500.000.15%
24 Month$500.000.25%
36 Month$500.000.40%
48 Month$500.000.45%
60 Month$500.000.60%

Certificates of Deposit vs. Fixed Annuity

The Top Fixed Annuities

Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Guaranteed crediting rates for the terms below:

  • 2 YEAR TERM: 2.15%
  • 3 YEAR TERM: 2.60%
  • 4 YEAR TERM: 2.60%
  • 5 YEAR TERM: 3.05%
  • 7 YEAR TERM: 3.25%
  • Grow your money as fast as possible
  • Principal protection
  • Interest rate is locked for the term you select
  • Tax deferred growth
  • Withdraw annually without penalty
  • Lump sum death benefits
  • Accepts cash, 401(k), and IRA Funds

What’s The Difference Between a Fixed Annuity and CD?

FeatureFixed AnnuityCD
Who OffersInsurance CompanyBanks
Premium Amounts$2,500 to $1 Million$500 – No Maximum
Terms2 Years to 20 Years3 Months to 7 Years
Guaranteed Interest RatesUp to 3.25%Up to 1.25%
Principal ProtectionYesYes
Can Lose Money?NoNo
Liquid After Term100%100%
How Are Gains Taxed?Tax-DeferredTaxed Annually
Annual LiquidityUp to 10% AnnuallyNo Liquidity
Who Protects My Money?Insurance Company/SGAFDIC
Accepts IRAYesNo
Accepts 401(k)YesNo
Death BenefitLump-SumLump-Sum

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured, but they have similar protections for your money. An annuity is an insurance policy capital one walmart sign in by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations in each state where they do business. Each state insurance guarantee association protects consumers in the unlikely event that their insurance company fails and defaults on their obligations to their consumers (limits vary per state).

For example, Georgia insures up to $250,000 of the annuity’s cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.

The Best CD Rates Today

3 Month CD Rates

6 Month CD Rates

1 Year CD Rates

2 Year CD Rates

3 Year CD Rates

4 Year CD Rates

5 Year CD Rates

The Best Fixed Annuity Rates Today

Learn the differences and benefits between Fixed Annuities and Certificate of Deposits (CD).

Disclaimer: I may receive a small referral fee if you purchase something using a link in this article.

Midland States Bank: Savings Accounts And Cd Rates (2021)

Shawn Plummer

I’ve sold annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.

Источник: https://www.annuityexpertadvice.com/rates/midland-states-bank/

Midland States Bank Foundation Awards Grant to Leach College of Nursing

Joliet, Ill. – The Midland States Bank Foundation recently presented the University of St. Francis’ (USF) Leach College of Nursing with a $5,000 grant to support community nursing and primary care research for community health care. Dan Stevenson, Midland States Bank Senior Vice President of Banking and Cornell Lurry, Midland States Bank Regional Community Development Relationship Manager presented the grant check to the university.

“As Joliet’s only four-year university, USF is proud of the support it receives from community-based organizations such as Midland States Bank and the Midland States Bank Foundation. This grant will support community nursing and primary care research for community health care, and serves as a reminder of the power of partnership. We sincerely thank the Midland States Bank Foundation for its support of our university and our students,” said USF President Arvid C. Johnson, Ph.D.

Stevenson echoed Johnson’s comments and reiterated the importance of partnership through education.

“USF works tirelessly to make our Joliet community stronger through the power of education,“ commented Stevenson. “As partners in the community, we are able to see Joliet and the surrounding areas positively affected. We are invested in the communities we serve and want them to thrive.”

Currently celebrating 100 years of higher education rooted in Franciscan values, the University of St. Francis, in Joliet, Ill., serves close to 4,000 students nationwide and offers undergraduate, graduate, doctoral and certificate programs in the arts and sciences, business, education, nursing and social work. There are over 50,000 USF alumni across the globe. For information, call 800-735-7500 or visit stfrancis.edu.

University of St. Francis: Bigger thinking. Brighter purpose.

# # #

(image caption – The Midland States Bank Foundation recently presented USF’s Leach College of Nursing with a $5,000 grant to purchase a variety of community health research resources. Pictured from left to right are Ebere Ume, Dean of USF’s Leach College of Nursing; Kristin Short, USF Vice President for University Advancement; Arvid C. Johnson, Ph.D., USF President; Dan Stevenson, Midland States Bank Senior Vice President of Banking; and Cornell Lurry, Midland States Bank Regional Community Development Relationship Manager.)

Источник: https://www.stfrancis.edu/midland-states-bank-foundation-awards-grant-to-leach-college-of-nursing/

Midland Bank

Company

Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC. The bank was founded as midland states bank business login Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836. It expanded in the Midlands, absorbing many local banks, and merged with the Central Midland states bank business login of London Ltd. in 1891, becoming the London City and Midland Bank.

After a period of nationwide expansion, including the acquisition of many smaller banks, the name Midland Bank Ltd was adopted in 1923. By 1934, it was the largest deposit bank in the world. It was listed on the London Stock Exchange, and was once a constituent of the FTSE 100 Index, but in June 1992, it was taken over by HSBC Holdings plc, which phased out the Midland Bank name by June 1999 in favour of HSBC Bank.

On 10 June 2015, HSBC announced that it would be rebranding its branches in the United Kingdom. HSBC chairman Douglas Flint described the Midland brand as "odds on favourite" for a return to the high street.[1] In September 2015, it was announced that the Midland Bank name would not be revived, and the branch network in the United Kingdom would be branded "HSBC UK".[2]

History[edit]

Early history[edit]

Former Threadneedle Streethead office of The City Bank, which became London, City & Midland Bank
The Lutyens designed Midland Bank Head Office building, London.

Midland Bank was founded by Charles Geach, its first manager in Union Street, Birmingham, England, in August 1836. Geach had formerly worked at the Bank of England; he secured the business support and capital backing of leading merchants and manufacturers in Birmingham.[3]

In the 1830s and 1840s, Midland offered discounted bills of exchange for customers.[3] By the 1850s the bank's customers included railways, iron founders and engineering concerns, utilities and municipal corporations.[3]

Midland acquired Stourbridge Old Bank in 1851 and Nichols, Baker and Crane of Bewdley in 1862.[3]

Acquisitions and development in its first 50 years[edit]

From the 1880s, it expanded its customer base by opening new branches and acquiring other banks. In 1891 it acquired the Central Bank of London (which gave Midland a seat in the London Bankers' Clearing House, in 1898 it bought the City Bank[3] (which provided a London head office) and, in 1914, it acquired the Birmingham Banking Company.[4]

By 1918, with deposits of £335 million, it ranked as the largest bank in the world. Edward Hopkinson Holden led midland states bank business login bank at this time first as Managing Director from 1898 to 1908 and then as Chairman and Managing Director from 1908 until his death in 1919. He oversaw more than twenty bank amalgamations between 1891 and 1918, and opened new branches throughout England and Wales.[3]

Holden also expanded overseas; it was the first British bank to set up a foreign exchange department and, by 1919, it was acting as London bank to some 650 correspondent banks throughout the world. From 1907, these correspondents included The Hongkong and Shanghai Banking Corporation.[3]

After the First World War, the leading British banks entered an agreement with the government that they would not attempt further amalgamations without Treasury approval. As a result, Midland turned its attention to expanding its branch network, adding new banking services, mechanising its systems (from 1928) and advertising its activities.[3]

Post war recovery and international alliances[edit]

Midland responded to the ending of credit restrictions in 1958, by extending its branch network and by introducing a series of innovative services, including personal loans (1958), personal cheque accounts (1958) and cheque cards (1966).[3] In 1958, it acquired Forward Trust, which became a leader in installment finance, leasing and factoring services.[3]

In 1967, Midland acquired a share in Montagu Trust, the owner of Samuel Montagu & Co., and thereby became the first British clearing bank to own a London merchant bank. Samuel Montagu, with its own history dating back to 1853, became a wholly owned subsidiary in 1974, and is now part of HSBC's private banking business.[3]

Through the acquisition of Samuel Montagu & Co, Midland also gained a majority share in Guyerzeller Bank AG (now HSBC Guyerzeller Bank) in Switzerland.[3] Further diversification followed in 1972, when Midland was the leading member of the consortium that acquired the Thomas Cook travel business. After becoming sole owner in 1977, Midland sold its interest in 1992.[3]

In 1974, Midland began to open branches or representative offices in overseas countries and to acquire other international banks. The largest of these was what is an ach number for banks purchase of a majority share in Crocker National of California, United States: this was not a success and Midland was forced to take full ownership in 1985 so that it could sell it to Wells Fargo the following year.[3]

In 1980, Midland acquired a controlling interest in Trinkaus & Burkhardt KGaA, a private bank in Germany with a long history of its own, today HSBC Trinkaus.

In 1984, in a bid to grab market share Midland scrapped current account charges.[5][6] It was so successful that all other banks in the United Kingdom had to quickly follow and offer the same or risk losing their customers. The country has had free banking ever since.

Midland joins the HSBC Group[edit]

The Hongkong and Shanghai Banking Corporation acquired a 14.9% equity interest in Midland Bank in 1987, and a strong working relationship developed. In October 1989, First Direct was established and was at the forefront of telephone banking, with person to person service available twenty four hours a day, 365 days a year.[3]

In June 1992, HSBC Holdings plc acquired full ownership of Midland Bank. At the time, it was one of the largest acquisitions in banking history, and gave HSBC a major foothold in Europe, which it needed to complement its existing business in Asia and the Americas, when it had to move its Hong Kong based headquarters to London on 1 January 1993, accepting primary banking supervision by the Bank of England.

Midland Bank was renamed HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the Group.[3]

The last head office of the Midland Bank, opposite the Bank of England in Poultry and Princes Street, was sold in October 2006 to a tycoon from Russia, with HSBC vacating the banking hall on the ground floor and huge underground deposit vaults in 2007. In 2012 the ground floor was used in the Channel 4 game show The Bank Job. The architect John Alfred Gotch designed the building, with assistance from Sir Edwin Lutyens.

Built between 1921 and 1939, and symbol of the 1930s pride of the biggest bank in the world, the building is currently (2015) under development as a hotel.[7]

HSBC UK swift code (all offices in the United Kingdom) being MIDLGB22 reflects its past as the Midland Bank.[8]

Branding[edit]

The Midland Bank was famous for its golden griffin logo, surrounded by golden coins originally introduced in 1965 on a black, then later blue background, and for its slogan "the listening bank," written by the advertising executive Rod Allen. Advertisements for the bank appeared in the popular computer game Theme Park. An animated friendly version of the Griffin fronted the first state community bank desloge mo hours television advertising during the 1980s.[9]

The Midland Bank still traded as Midland Bank, but using the HSBC logo from 1997, and was finally rebranded as HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the group. However, a dormant subsidiary, Midland Bank (Branch Nominees) Limited, continues to be registered at Companies House.[10]

  • First "griffin" logo, used from 1957-1989

  • Second "griffin" logo used from 1989-1997

  • Final logo used from 1997-1999 (HSBC logo with "Midland Bank" name)

References[edit]

External links[edit]

Источник: https://en.wikipedia.org/wiki/Midland_Bank

Union State Bank

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Ag Loans

from Real Ag People

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We know agribusiness. That’s because Union State Bank has been helping farmers and ranchers for more than a century! 

Equal Housing Lender. NMLS # 412388

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Start building your better future with Union State Bank – a bank with the tools and team to support you on your journey. 


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"If you are in the market for a new bank, it is worth the switch because you will find how they can accommodate your needs without 'breaking the bank'."

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Hunter and Son Construction

Our Business Loan Products

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William Newton Hospital

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Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.28 Per Share

EFFINGHAM, Ill., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on or about August 20, 2021 to all shareholders of record as of the close of business on August 13, 2021.

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2021, the Company had total assets of approximately $6.63 billion, and its Wealth Management Group had assets under administration of approximately $4.08 billion. Midland provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

CONTACTS:
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at [email protected] or (217) 342-7321


Источник: https://www.globenewswire.com/en/news-release/2021/08/04/2274969/0/en/Midland-States-Bancorp-Inc-Declares-Quarterly-Cash-Dividend-of-0-28-Per-Share.html

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