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Midland States Bancorp, Inc. (MSBI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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24.89-0.35 (-1.39%)
At close: 4:00PM EDT

Midland States Bancorp, Inc.

1201 Network Centre Drive
Effingham, IL 62401
United States
217 342 7321

Sector(s)Financial Services
Full Time Employees901

Key Executives

NameTitlePayExercisedYear Born
Mr. Jeffrey G. Ludwig CPAPres, CEO & Vice Chairman832.91k4.15k1972
Mr. Eric T. Lemke CPAChief Financial Officer403.35kN/A1969
Mr. Douglas J. TuckerSr. VP, Corp. Counsel & Sec.454.99kN/A1959
Mr. Jeffrey S. MeffordExec. VP574.04kN/A1965
Mr. James R. Stewart CPASr. VP & Chief Risk Officer of Midland States Bank417.36kN/A1956
Mr. Aaron RiosDirector of OperationsN/AN/AN/A
Mr. Donald J. SpringChief Accounting Officer & ControllerN/AN/A1960
Mr. Kyle MooneyChief Information OfficerN/AN/AN/A
Mr. John DietrichDirector of MarketingN/AN/AN/A
Mr. William WiermanSr. Credit Officer & Mang. of Retail and Bus. BankingN/AN/AN/A
Amounts are as of December 31, 2020 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.


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 accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company 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; commercial equipment leasing; and trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. As of December 31, 2020, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.

Corporate Governance

Midland States Bancorp, Inc.’s ISS Governance QualityScore as of June 1, 2021 is 7. The pillar scores are Audit: 8; Board: 8; 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.