Midland States Bank in Effingham, Ill., is reportedly close to buying Heartland Bank in St. Louis.

The deal would significantly expand Midland's presence in Missouri, the St. Louis Business Journal reported Thursday. The $1.7 billion-asset Midland has two branches in Missouri, along with 32 in Illinois. The $793 million-asset Heartland has 13 branches in Missouri and one in Colorado.

Calls to Midland and Heartland were not immediately returned.

Midland, led by Leon Holschback, has already bought six banks in the past six years, the St. Louis Business Journal reported.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.