SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.28
<SEQUENCE>5
<FILENAME>msbi-20181231ex1028c0905.htm
<DESCRIPTION>EX-10.28
<TEXT>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:11pt;">Exhibit 10.28</font>

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 <font style="display:inline;font-size:12pt;">Employment Agreement</font>
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 <font style="display:inline;font-weight:bold;">This Employment Agreement </font><font style="display:inline;">(this &#x201C;</font><font style="display:inline;font-weight:bold;">Agreement</font><font style="display:inline;">&#x201D;) is made and entered into as of December 20, 2012 (the &#x201C;</font><font style="display:inline;font-weight:bold;">Effective Date</font><font style="display:inline;">&#x201D;) by and between Midland States Bank, an Illinois banking corporation (the &#x201C;</font><font style="display:inline;font-weight:bold;">Employer</font><font style="display:inline;">&#x201D;) and Jeffrey Mefford (the &#x201C;</font><font style="display:inline;font-weight:bold;">Executive</font><font style="display:inline;">&#x201D;).</font>
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 <font style="margin:0pt 0pt 12pt;font-weight:bold;font-style:normal;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:CG Times;font-size:12pt;;;padding:0pt 7pt 0pt 0pt;"> A.</font>
 <font style="display:inline;color:#000000;">The Employer is a wholly-owned subsidiary of Midland States Bancorp, Inc., (the &#x201C;</font><font style="display:inline;font-weight:bold;">Company</font><font style="display:inline;color:#000000;">&#x201D;).</font></p></td></tr></table></div>
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 <font style="display:inline;color:#000000;">Executive is currently employed as Senior Vice President Community Banking of the Employer pursuant to the terms and conditions of that certain employment agreement by and between the parties dated December 1, 2010 (the &#x201C;</font><font style="display:inline;font-weight:bold;">Prior Agreement</font><font style="display:inline;color:#000000;">&#x201D;). </font></p></td></tr></table></div>
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 <font style="display:inline;color:#000000;">The Company is considering various strategic initiatives, one of which may be an initial public offering (an &#x201C;</font><font style="display:inline;font-weight:bold;">IPO</font><font style="display:inline;color:#000000;">&#x201D;) of its common stock pursuant to which the Company would become a publicly-traded corporation. </font></p></td></tr></table></div>
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