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MSBI - Midland States Bancorp partners with LendingPoint for consumer loan origination
Midland States Bancorp Inc.
Midland States Bancorp (NASDAQ:MSBI) said Monday it partnered with LendingPoint, an AI-driven CreditTech platform that provides financing solutions. MSBI will fund consumer loans originated with its underwriting criteria through LendingPoint's national network of point-of-sale retail relationships. MSBI expects outstanding balances through this partnership to grow to $200M-250M over the next couple of years.