Images By Tang Ming Tung Introduction Midland States Bancorp (NASDAQ:MSBI) is a regional bank who has not been exempt from the woes of the banking sector. Higher interest rates and deposit flight have challenged the bank’s ability to maintain earnings. Back in March, I discussed why I reversed course and sold the bank’s high yielding preferred shares (MSBIP). Today, following their second quarter earnings results, I am still avoiding Midland States common and preferred shares. Midland States Second Quar ...