Midland States Bancorp Inc

NASDAQ:MSBI   9:52:37 AM EDT
25.08
+0.19 (+0.76%)
Equity Financing / Related

Midland States Bancorp Announces Settlement Of Prior Tax Issue Related To Treatment Of Gains Recognized On FDIC-Assisted Transactions

Published: 06/29/2021 20:31 GMT
Midland States Bancorp Inc (MSBI) - Midland States Bancorp Inc - Announced Settlement of a Prior Tax Issue Related to Treatment of Gains Recognized on Fdic-assisted Transactions.
Midland States Bancorp Inc - Settlement of Prior Tax Issue Will Result in a $6.75 Million Tax Benefit That Will Be Recognized in Q2 of 2021.
Midland States Bancorp Inc - Will Also Recognize About $3.6 Million in Consulting and Legal Expenses Related to Settlement of Tax Issue.
Midland States Bancorp Inc - Consulting and Legal Expenses Related to Settlement of Tax Issue Will Result in an After-tax Gain of About $2.9 Million.