Midland States Bancorp, Inc. (MSBI)

21.90 -0.60 (-2.67%) At close: 04:00PM EDT

Midland States Bancorp, Inc.

1201 Network Centre Drive
Effingham, IL 62401
United States
217 342 7321
https://www.midlandsb.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 878

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Jeffrey G. Ludwig CPA	President, CEO & Vice Chairman	1.09M	56.7k	1972
Mr. Eric T. Lemke CPA	Chief Financial Officer	539.72k	N/A	1969
Mr. Douglas J. Tucker	Senior VP, Corporate Counsel & Secretary	517.8k	N/A	1959
Mr. Jeffrey S. Mefford	Executive Vice President	691.98k	33.44k	1965
Mr. Daniel E. Casey	Chief Risk Officer of Midland States Bank	377.56k	N/A	N/A
Mr. Donald J. Spring	Chief Accounting Officer & Corporate Controller	295.95k	N/A	1960
Mr. Kyle Mooney	Chief Information Officer	N/A	N/A	N/A
Gerald Maloney	Chief Compliance Officer	N/A	N/A	N/A
Shonna Kracinski	Director of Human Resources	N/A	N/A	N/A
Mr. Jeffrey A. Brunoehler	Senior VP & Chief Credit Officer of Midland States Bank	215.18k	N/A	1961

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities. In addition, it offers construction and land development loans, such as real estate investment properties and residential developments, and lesser extent loans; and residential real estate loans, which includes first and second mortgage loans, and home equity lines of credit consisting of loans secured by first or second mortgages on primarily owner occupied primary residences. The company also provides consumer installment loans for the purchase of cars, boats and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; and commercial equipment leasing programs for manufacturing, construction, transportation, and healthcare industries. Further, it offers merchant services; deposit products, including checking, time, savings, money market, and certificates of deposit, as well as sweep accounts; letters of credit; and trust and wealth management services, such as financial and estate planning, trustee and custodial, investment management, tax, insurance, and business planning, corporate retirement plan consulting and administration, and retail brokerage services. The company was founded in 1881 and is headquartered in Effingham, Illinois.

Corporate Governance

Midland States Bancorp, Inc.’s ISS Governance QualityScore as of April 29, 2024 is 7. The pillar scores are Audit: 8; Board: 7; Shareholder Rights: 6; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.