Investor Presentaiton

Successful Acquisition History Midland States has completed 16 transactions since 2008, including FDIC-assisted, branch, whole bank, asset purchase and business line acquisitions, and a New York trust asset acquisition Demonstrated history of earnings expansion ☐ Deliberate diversification of geographies and revenue channels " Successful post-closing integration of systems and businesses D Most recent acquisition: FNBC branch acquisition (closed in Q2 2022) Selected Acquisitions 6 Acquisition Type Assets Acquired ($mm) Location 2009 2010 2014 2016 2017 2018 2019 Strategic Capital Bank AMCORE Bank, N.A. Love Savings / Heartland Bank Sterling Bancorp FDIC- 12 Branches Assisted Whole Bank Trust Administration Centrue Financial Whole Bank Alpine Bancorp. Whole Bank and Wealth Mgmt HomeStar Financial Whole Bank $540.4 $499.5 $889.0 $990.2 $1,243.3 $366.0 Champaign, IL Northern Illinois St. Louis, MO Yonkers, NY Northern Illinois Financially Transformative Operationally Transformative Revenue Diversification Expansion of Trust Business Enhanced Scale and Market Presence Rockford, IL Expanded Core Bank and Wealth Management Franchise and Market Presence Midland ◉ States Bancorp, Inc. Kankakee, IL Low-cost Deposit

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