 EFFINGHAM, Ill., June 29, 2021 GLOBE NEWSWIRE -- Midland States Bancorp, Inc. NASDAQ: MSBI today announced the settlement of a prior tax issue related to the treatment of gains recognized on FDIC-assisted transactions that will result in a 6.75 million tax benefit that will be recognized in the second quarter of 2021. The Company will also recognize approximately 3.6 million in consulting and legal expenses related to the settlement of the tax issue, resulting in an after-tax gain of approximately 2.9 million. 