Midland States Bank’s Wealth Management Group has seen trust revenue growth of nearly twice the industry average. The results landed the bank on the 2014 “Nifty 50” Top 50 Banks for Trust Revenue Growth by Bank Director Magazine in its most recent issue.
Over the 2012-2014 period, Midland has experienced trust revenue growth of 36 percent, and overall Wealth Management revenue growth of 46 percent, compared to the industry average of 20.8 percent as stated by Bank Director Magazine. Midland’s increase in customers and accounts has surged significantly since 2011 with a 46 percent lift in the number of trust accounts and a 72 percent gain in assets under administration.
“We are grateful to our clients for the trust they have placed in us, which has allowed us to have this type of growth,” said Eric Chojnicki, president of Midland’s Wealth Management Group.
“Our growth speaks to our experienced, knowledgeable staff and their commitment to providing high touch service to our clients. We take a holistic approach to financial planning with our clients and focus on their goals.”
Midland was one of only three Illinois banks to be ranked in the Top 50.
In addition to traditional trust services, Midland also offers investment management, financial planning and retirement plan services for both employer sponsored 401k plans and for employees. Learn more about the services offered at www.midlandsb.com/wealth.
Contact:
Greg Pence
Director of Marketing
(217) 342-7381
1-855-MY-MIDLAND
midlandsb.com
