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Welcome to Midstates Bank!

During the past few months, the staff at Midstates Bank and Kingsley State Bank have been dedicated to working together to help ensure that this transition is as seamless as possible for you. However, we understand that with change often comes uncertainty and anxiety. Our goal is to help you understand what to expect before, during, and after the conversion. You can also expect all of our staff to be responsive and helpful throughout the transition to becoming a Midstates Bank client.

Conversion of your accounts to Midstates Bank is scheduled to occur over the weekend of May 31, 2019. Please read through this guide carefully. It includes important information about the transition of your accounts and services to Midstates Bank, as well as important dates to be aware of and what to expect.

Midstates Bank – Kingsley State Bank Conversion Guide

If you should have any questions, please contact Kingsley State Bank at 712.378.2341 or Midstate Bank at 888.710.9070.

At Midstates Bank and Kingsley State Bank, building strong and lasting relationships with our clients is of the utmost importance. You will see the same friendly staff you have worked with throughout the years.

Let Us Help Answer Your Questions

Our goal is to make the transition as smooth as possible and keep you informed along the way. As with any change, there are questions to be answered. How does this affect me? When will my accounts change?

We have include many of these answers in our Frequently Asked Questions. However, we understand that you might still have questions. We are here to help. Please do not hesitate to reach out to your local branch.

Answers to a few questions Kingsley State Bank customers may have:

When does the conversion take place?

Friday, May 31st, 2019

5:30 PM

When will the conversion be complete?

Monday, June 3rd, 2019

2:00 AM

8:00 AM

On February 19th, Kingsley State Bank and Midstates Bank, NA announced the merger of Kingsley State Bank into Midstates Bank, pending regulatory approval. The transaction is expected to close on May 1, 2019.

Kingsley State Bank and Midstates Bank focus on providing exceptional customer service, and believe by combining these two strong entities, that this will provide a great opportunity for their customers and the Kingsley, Le Mars, and Sergeant Bluff, Iowa communities. Both companies believe in the impact of community involvement and will continue doing so.

Let Us Help Answer Your Questions

Our goal is to make the transition as smooth as possible, and to keep you informed along the way. As with any change, there are questions to be answered. How does this affect me? When will my accounts change?

We have included many of these answers in our Frequently Asked Questions. However, we understand that you might still have questions. We are here to help. Please do not hesitate to contact your local branch.

Answers to a few questions Kingsley State Bank customers may have:

1. What is happening to my bank?
On February 19, 2019, Kingsley State Bank announced that we would be merged into Midstates Bank N.A. Pending regulatory approvals, the transaction is expected to close on May 1, 2019. At that time, we will officially merge under one FDIC Charter.

2. How does this merger affect my accounts?
There are no immediate changes. Kingsley State Bank clients can continue to conduct their banking as usual. You can continue to use your current checks, deposit slips, debit cards, and your direct deposits, pre-authorized/recurring transactions, and statements will continue without interruption. You can also continue to use your current online banking accounts and mobile app. You will be notified well in advance of any changes that may be required by the data processing conversion.

3. What can I expect in the coming months?
After the data processing conversion is complete later this summer, customers will be converted to Midstates Bank branded materials. You will be getting a new ATM/Debit Card and replacement checks. Customers will also begin to access their online banking accounts through the Midstatesbank.com website and their mobile app. Again, you will be notified well in advance of any change that may be required by the data processing conversion.

4. How will I know when the conversion has officially taken place?
You will receive joint written correspondence from Kingsley State Bank and Midstates Bank with information and instructions regarding any actions you may need to take for your account in advance of the data processing conversion.

5. What changes can I expect at my banking location?
You should see the same friendly frontline and loan staff you have enlisted in the past to help with your ongoing needs and requests. We will continue to provide the same convenient hours of operation, and our phone numbers will also remain unchanged.

6. What if I have a loan with Kingsley State Bank?
Continue to make payments as per your loan agreement. All existing terms and conditions of your loan(s) and line(s) of credit will remain the same and will be assumed and honored by Midstates Bank. More importantly, the people you know and trust for your loan and deposit needs will not change as a result of this merger.

7. Should I expect someone to call or email me to verify my deposit account information?
No, neither Kingsley State Bank nor Midstates Bank will call or email you to ask for your personal, confidential information. However, if you call us, we may ask you for some of that information to simply verify your identity. Please let us know if someone calls or emails you, claiming to be from Kingsley State Bank or Midstates Bank, and asks you for personal, confidential information.

8. Will my deposit accounts continue to be covered by FDIC insurance coverage?
When FDIC insured banks merge, deposits from the assumed bank (Kingsley State Bank, in this case) are separately insured from deposits at the assuming bank (Midstates Bank) for at least six (6) months after the merger. This gives depositors from the merged bank the opportunity to restructure his or her accounts if necessary. Simply reach out to your banker to discuss FDIC insurance any time.

9. How do I find out more about Midstates Bank?
Midstates Bank was carefully selected for the merger, based on similar values of integrity, community service, and commitment to their customers and employees. Midstates Bank has been serving Western Iowa since 1876, and currently offers six (6) locations including Harlan, Missouri Valley, Avoca, Mondamin, and Council Bluffs. Combined, the merged bank will have assets in excess of $500 million, with over 100 employees. To learn more, go to www.midstatesbank.com.

10. What if I still have questions?
You will be receiving various mailings in the weeks leading up to the closing date of May 1, 2019. Please watch for this information. You can also call Kingsley State Bank at 712-378-2341 or Midstates Bank at 888-710-9070 with additional questions.

We appreciate the trust you’ve placed in us the past 136 years. We will strive to continue earning your trust and business in the years to come.