Midland States Bank Executive and Leadership Team

Scott Schmid, the Chief Executive Officer at Midland States Bank, directs the overall strategic vision and operational execution for the financial institution. Schmid oversees the integration of banking and financial products, ensuring alignment with the companys mission to serve individuals, businesses, and municipalities. This leadership role involves driving growth through diverse loan portfolios, including commercial real estate, agricultural production, and consumer financing, while also managing deposit-taking activities across checking, savings, and time deposit accounts. Schmid guides the expansion of trust and wealth management services, encompassing financial planning, investment management, and retirement consulting. The Chief Executive Officer ensures the banks robust market presence, particularly in Illinois and the St. Louis metropolitan area, by fostering strong client relationships and adapting to evolving financial landscapes. Schmid is responsible for the banks long-term financial health and strategic positioning within the competitive banking sector.

Jeffrey Ludwig, the President & Chief Executive Officer at Midland States Bank, spearheads the companys comprehensive strategic direction and executive leadership. Ludwig guides the delivery of a full spectrum of banking and financial products, serving individuals, businesses, and municipalities. This executive function encompasses the oversight of deposit products, including checking, savings, and certificates of deposit, alongside a diverse loan portfolio. The loan offerings span commercial real estate, agricultural financing, equipment leasing, and consumer installment loans, demonstrating a broad market reach. Ludwig also directs the expansion of trust and wealth management services, providing financial and estate planning, investment management, and corporate retirement plan consulting. The President & Chief Executive Officer ensures the banks operational efficiency and market penetration across its Illinois and St. Louis metropolitan areas, driving initiatives that support economic development and client success. Ludwig is accountable for the overall performance and strategic growth of Midland States Bank.

Claire Stack, the Interim Chief Financial Officer, Vice President & Chief Accounting Officer at Midland States Bank, manages the companys financial operations and accounting integrity. Stack oversees all aspects of financial reporting, budgeting, and fiscal planning, ensuring compliance with regulatory standards. This critical role involves managing the banks diverse revenue streams, including interest income from its extensive loan portfolio and fee income from wealth management and processing services. Stack directs the accounting functions, maintaining accurate records for deposit products and loan portfolios, which include commercial real estate, agricultural, and consumer loans. The Interim Chief Financial Officer, Vice President & Chief Accounting Officer also plays a key part in managing the banks capital structure and liquidity, supporting strategic initiatives and operational efficiency. Stack ensures the financial health and stability of Midland States Bank, providing essential financial insights to executive leadership and stakeholders across its Illinois and St. Louis market areas.

Daniel Rice, the Regional President, Market at Midland States Bank, drives market-specific growth and operational strategies within designated geographic areas. Rice oversees the delivery of comprehensive banking and financial services, focusing on strengthening client relationships and expanding the banks presence. This leadership position involves managing a regional portfolio of deposit and loan products, including commercial real estate, agricultural financing, and consumer loans, tailored to local market needs. Rice directs business development initiatives, aiming to increase market share and revenue generation across the region. The Regional President, Market ensures seamless integration of trust and wealth management services, connecting clients with expert financial and estate planning, investment management, and retirement consulting. Rice is instrumental in fostering community engagement and supporting local economic development, reinforcing Midland States Banks commitment to its service areas. Daniel Rice champions the banks strategic objectives at the regional level, ensuring consistent service quality and client satisfaction.

Everett Solon, the Market President at Midland States Bank, leads regional operations and business development initiatives to enhance the banks market position. Solon directs client engagement strategies, focusing on delivering tailored banking and financial solutions to individuals, businesses, and municipalities within the assigned market. This executive function involves overseeing the regional deployment of deposit products, such as checking and savings accounts, and managing the local loan portfolio, which includes commercial, real estate, and consumer financing. Solon champions the expansion of trust and wealth management services, connecting clients with expert financial planning, investment management, and retirement consulting. The Market President cultivates strategic partnerships and drives revenue growth by ensuring exceptional customer service and operational excellence. Everett Solon is dedicated to strengthening the banks community ties and supporting local economic vitality, reinforcing its role as a trusted financial partner in the region.

Matthew Dennison, the Market President at Midland States Bank, spearheads regional market strategy and client relationship management to drive business growth. Dennison oversees the execution of the banks comprehensive financial product and service offerings within a specific market area, ensuring alignment with corporate objectives. This leadership role involves managing the regional sales efforts for deposit products, including checking, savings, and money market accounts, and overseeing the local loan origination process for commercial, real estate, and consumer credit. Dennison actively promotes the banks trust and wealth management services, facilitating access to financial planning, investment management, and retirement solutions for clients. The Market President cultivates strong community ties and fosters economic development by ensuring the delivery of exceptional service and personalized financial guidance. Matthew Dennison is committed to expanding the banks footprint and enhancing its reputation as a leading financial institution in its operational regions.

Margaret Fisher, the Market President - St. Louis at Midland States Bank, directs the strategic growth and operational performance of the bank within the St. Louis metropolitan area. Fisher oversees the comprehensive delivery of banking and financial products, focusing on expanding client relationships and market share. This executive responsibility includes managing the regional sales and service teams responsible for deposit products, such as checking, savings, and certificates of deposit, and driving the origination of loans across commercial, real estate, and consumer segments. Fisher champions the banks trust and wealth management services, ensuring clients receive expert guidance in financial planning, investment management, and retirement solutions. The Market President - St. Louis fosters strong community engagement and economic contribution by ensuring the bank meets the diverse financial needs of individuals, businesses, and municipalities. Margaret Fisher is dedicated to enhancing the banks presence and impact in the St. Louis market.

Mel Stock, the Market President at Midland States Bank, leads regional market development and client acquisition strategies to enhance the banks competitive standing. Stock directs the execution of the companys full suite of financial products and services, ensuring a high level of client satisfaction and operational efficiency within the assigned market. This leadership function involves overseeing the regional sales of deposit accounts, including checking, savings, and time deposits, and managing the local loan origination pipeline for commercial, real estate, and consumer credit needs. Stock actively promotes the banks trust and wealth management offerings, connecting clients with specialized services in financial planning, investment management, and retirement consulting. The Market President cultivates strategic partnerships and drives business expansion by ensuring the delivery of personalized financial advice and robust banking solutions. Mel Stock is committed to strengthening the banks community presence and supporting local economic growth.

John Kempen, the Market President at Midland States Bank, drives regional market strategy and client relationship management to foster business expansion. Kempen oversees the delivery of the banks diverse financial products and services, focusing on meeting the specific needs of individuals, businesses, and municipalities within the designated market area. This executive role involves managing the regional sales of deposit products, including checking, savings, and money market accounts, and overseeing the local loan origination for commercial, real estate, and consumer financing. Kempen actively promotes the banks trust and wealth management services, ensuring clients access expert financial planning, investment management, and retirement consulting. The Market President cultivates strategic alliances and drives revenue growth by ensuring exceptional service delivery and operational excellence. John Kempen is dedicated to enhancing the banks community impact and solidifying its position as a trusted financial partner in its operational regions.

Philip Olivero, the Market President at Midland States Bank, leads regional market initiatives and client engagement to drive sustained business growth. Olivero directs the implementation of the banks comprehensive financial product and service portfolio, ensuring alignment with corporate objectives and local market demands. This leadership position involves overseeing the regional sales of deposit products, including checking, savings, and certificates of deposit, and managing the local loan origination for commercial, real estate, and consumer credit. Olivero actively promotes the banks trust and wealth management services, connecting clients with specialized expertise in financial planning, investment management, and retirement solutions. The Market President cultivates strategic partnerships and drives market penetration by ensuring the delivery of superior client service and tailored financial guidance. Philip Olivero is committed to strengthening the banks community presence and supporting local economic development initiatives.