SCHEDULE: Vanguard Group Amends Midland States Bancorp Ownership to Zero

The Vanguard Group has filed an amended Schedule 13G, reporting 0% beneficial ownership in Midland States Bancorp Inc. due to an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to Schedule 13G for Midland States Bancorp Inc. (CUSIP: 597742105).
• The filing indicates that The Vanguard Group now beneficially owns 0.00 shares, representing 0% of the class of Common Stock.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities held by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a technical reporting update by a large institutional investor and does not reflect a change in the underlying investment thesis or performance of Midland States Bancorp Inc.

Future Outlook

NA

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release."
• "Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are used by passive institutional investors to report beneficial ownership of 5% or more of a company's stock. An amendment reducing reported ownership to 0% due to internal restructuring, as seen here with The Vanguard Group, is a procedural update reflecting changes in how a large asset manager aggregates and reports its holdings, rather than a divestment of the underlying shares from its managed funds.

Stakeholder Impact

• Shareholders of Midland States Bancorp Inc. will see a change in the reported beneficial ownership by The Vanguard Group as a single entity, but the underlying shares are expected to remain held by Vanguard's various funds and subsidiaries, now reported separately.
• The filing primarily impacts how The Vanguard Group reports its holdings, rather than the operational or financial status of Midland States Bancorp Inc.

Key Dates

Keywords

Schedule 13G, Vanguard Group, Midland States Bancorp, Beneficial Ownership, SEC Filing, Institutional Investor, Common Stock