Welcome to Midland Trust Company!
Thank you for your continued trust in us. We look forward to serving you now and in the future.
Pre-Conversion - July 29-30
Temporary timeframe during conversion when transactions are prohibited
Conversion - July 30-August 1
ATG Trust accounts and assets transition to MTC
Over the July 30 weekend, your account(s) will migrate from the trust accounting system used by ATG Trust to the platform used by MTC. This process is called a ‘conversion’ and the weekend beginning July 30, ending August 1, is called ‘conversion weekend’. During conversion weekend, offices will be closed.
The conversion timeframe is when ATG Trust accounts and assets will transition to MTC. This is scheduled for the weekend of July 30-August 1. After the close of business on Friday, July 30, your ATG Trust accounts will transfer to MTC.
Transaction examples include security/investment activity (i.e. trades must settle by July 28 or will be held until after conversion) and distributions (e.g. processed by July 28 or held until after conversion). Any scheduled distributions during this timeframe will be distributed before pre-conversion. Contributions and deposits, including dividends/interest, will be held until after conversion. Receipt of funds will reflect a delayed posting to your account.
* Please note your Relationship Manager is aware of these constraints and will anticipate and plan for this.
Effective June 1, the look and feel of your statements will remain the same but will be branded Midland Trust Company.
Effective August 2, your statement format will change. Clients receiving monthly statements will receive their first MTC statement August 31. All other clients will follow their statement mailing frequency.
No, you will continue to work with the same familiar faces including your Relationship Manager and client support team. midlandtc.com/our-team
Yes. Our new Chicago office is conveniently located at:
Midland Trust Company
225 West Washington
Chicago, IL 60606
Please continue to check back as we finalize this process.
We are unable to convert transaction history and therefore will be unable to produce a full annual statement at year-end. All clients will receive a statement ending July 31 (covering the time period from your last statement date through conversion). If you require historical information, online access to the previous client portal will be made available through December 31.
If you have any questions or concerns, please do not hesitate to contact your dedicated Relationship Manager.
Give us a call at (312) 338-7878 to ask questions and learn more about how we are working to integrate our business.
Midland Wealth Management is a trade name used by Midland States Bank and its subsidiary Midland Trust Company. Investments are not insured by the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank or any federal government agency, and are subject to risks, including the possible loss of principal. Midland Wealth Management does not provide tax or legal advice.