Midland States Bank

0. Company Stats

Industry: Banking

Founded: 1881

Size: 800-900

Location: Effingham, IL

Stage: Established

Stock Symbol: MSBI

Work Style: Multi

1. Company Snapshot

Midland States Bank is a community-based financial institution founded in 1881 and headquartered in Effingham, Illinois. As of December 2024, the company had total assets of approximately $7.53 billion and Wealth Management assets under administration of approximately $4.15 billion. Operating over 60 banking centers across Illinois, Missouri, and Colorado, Midland provides comprehensive commercial and consumer banking products, wealth management, trust and investment services, insurance, and financial planning. The bank is known for its bright orange branding and community-focused approach.

2. Culture & Gen Z Alignment

Community Impact & Purpose

Midland emphasizes meaningful community involvement through the Midland States Bank Foundation, which has contributed over $1.8 million to nonprofits. Employees receive paid volunteer time to engage with causes they care about, and the bank actively invests in local education, workforce development, and financial empowerment programs.

Growth & Development Opportunities

The company fills approximately 40% of positions internally, demonstrating strong promotion-from-within practices. Midland offers extensive training through Midland University courses, a MASTERS leadership development program for future leaders, and entry-level positions with expert mentorship. Many employees cite the learning opportunities and career progression as major benefits.

Diversity & Inclusion Leadership

Midland was one of the first banks in the nation to have a woman on its board in 1903. Today, the company actively supports affinity groups like Midland WOMEN, which focuses on developing and promoting women at all levels. The board includes female, Hispanic, and African American representation.

3. What Employees Say

Company Ratings

Glassdoor: 3.6/5

Indeed: 3.9/5

Pros:

- Culture & Values: Employees consistently praise the positive, supportive culture and the "One Midland" teamwork philosophy that prioritizes group success over individual gain.

- Work-Life Balance: Multiple reviews highlight good work-life balance, flexibility, and benefits including supplemental vacation purchase options.

- Professional Development: Strong emphasis on training, mentorship, and internal promotion creates clear advancement pathways.

- Community Focus: Employees appreciate being part of a bank that genuinely cares about its communities and provides paid volunteer time.

Cons:

- Compensation: Several reviews mention pay is lower than some competitors, particularly for entry-level positions, with some roles starting at minimum wage.

- Management Inconsistency: Experiences vary significantly by location and manager, with some reporting excellent leadership while others cite poor oversight.

- Constant Change: Some employees note frequent restructuring and system changes that can create confusion and require adaptation.

- Workload Challenges: Certain locations report understaffing issues and high workload demands during busy periods.

4. Compensation & Benefits Snapshot

- Glassdoor reports compensation and benefits rated 3.5/5 by employees

- Comprehensive medical, dental, and vision insurance through Blue Cross Blue Shield starting day one

- Unique benefits include six free professional coaching sessions, six free counseling sessions, holistic health days, and paid volunteer time

- Flexible time off with ability to purchase supplemental vacation days

- Average salaries: Bank Tellers $37,000-$38,000, Personal Bankers $47,000-$48,000, Loan Servicing Specialists $46,000-$58,000

- Additional compensation through bonus and commission structures for many positions

5. Why Gen Z Might Thrive Here

- Entry-Level Opportunities: Many positions including bank teller roles are entry-level with training provided, making banking accessible as a first career.

- Internal Mobility: With 40% of positions filled internally, there's real potential to start as a teller and advance to management or specialized roles.

- Purpose-Driven Work: The community bank model means your work directly impacts local families and small businesses, not just corporate profits.

- Learning Culture: Access to Midland University courses, leadership programs, and mentorship creates continuous growth opportunities.

- Work-Life Integration: Hybrid options available, along with benefits like paid volunteer time and wellness days that support whole-person wellbeing.

6. What Gen Z Should Ask Or Consider

- What does the career progression timeline look like for someone starting in this position?

- How does this location handle work-life balance, and what are the expectations around in-office versus remote work?

- What specific professional development programs would I have access to, and how does Midland University work?

- How is performance measured and rewarded at this location?

- What opportunities exist to get involved in community initiatives and use the paid volunteer time?

7. Locations & Where Midland States Bank Hires

- Over 60 banking centers across Illinois, Missouri, and Colorado

- Headquarters in Effingham, Illinois with significant presence in St. Louis metro area

- Major Illinois markets include Rockford, Champaign, and throughout central and southern Illinois

- Denver metro area represents the Colorado footprint

- Hybrid and some remote positions available depending on role

8. How Midland States Bank Works

Work Style

Available: Hybrid, Onsite

Work Environment

Available: Office,

Benefits

Comprehensive medical, dental, and vision insurance through Blue Cross Blue Shield starting day one, with unique wellness perks including six free professional coaching sessions, six free counseling sessions, holistic health days, and paid volunteer time. Employees can purchase supplemental vacation and access retirement benefits. Professional development through Midland University courses and the MASTERS leadership program.

9. Awards & Recognition

- <a href="https://topworkplaces.com/company/midland-states-bank/">St. Louis Post-Dispatch Top Workplaces 2023</a>

- <a href="https://www.shawlocal.com/sauk-valley/2025/01/10/midland-states-bank-among-finalists-for-innovation-national-award/">Future Branches Innovation Award Finalist</a>

11. Sources

Last Updated: January 29, 2026

- Company Website: https://www.midlandsb.com/

- Glassdoor Reviews: https://www.glassdoor.com/Overview/Working-at-Midland-States-Bank-EI_IE326071.11,30.htm

- Indeed Reviews: https://www.indeed.com/cmp/Midland-States-Bank/reviews

- Top Workplaces Recognition: https://topworkplaces.com/company/midland-states-bank/

- Investor Relations: https://investors.midlandsb.com/