Leadership Overview
Midland States Bank has 10 executives leading key functions including strategy, financial oversight, regional market development, and commercial banking operations.
Committed to fostering long-term financial prosperity for individuals and businesses, Midland States Bank delivers comprehensive banking solutions, wealth management, and specialized lending services across diverse regional markets.
Committed to fostering long-term financial prosperity for individuals and businesses, Midland States Bank delivers comprehensive banking solutions, wealth management, and specialized lending services across diverse regional markets.
Leadership Roles at Midland States Bank
Scott Schmid - Chief Executive Officer
Scott Schmid, the Chief Executive Officer at Midland States Bank, directs the overarching strategic vision and long-term growth initiatives for the organization. Schmid architects the expansion of commercial lending portfolios, ensuring the bank maintains a competitive edge in real estate and agricultural financing. By aligning corporate objectives with the evolving needs of municipalities and business entities, the Chief Executive Officer drives operational excellence across all banking offices. This leadership role involves constant evaluation of market trends to optimize deposit products and interest-bearing demand accounts. Scott Schmid maintains rigorous standards for risk management and capital allocation, securing the financial health of the institution. Through consistent engagement with the board and senior management, the Chief Executive Officer fosters a culture of accountability and service. Ultimately, Schmid ensures the bank remains a pillar of stability within the communities served, supporting sustainable economic development through prudent financial practices and innovative service delivery.
Jeffrey Ludwig - President & Chief Executive Officer
Jeffrey Ludwig, the President & Chief Executive Officer at Midland States Bank, manages the daily execution of corporate strategy and operational performance. Ludwig oversees the integration of banking products with wealth management services, ensuring a seamless client experience across the entire service spectrum. The President & Chief Executive Officer drives the implementation of digital banking initiatives and merchant credit card processing solutions to enhance customer accessibility. By monitoring the performance of the loan portfolio, including residential mortgages and consumer installment loans, Jeffrey Ludwig optimizes revenue streams and asset quality. This leadership role requires close collaboration with department heads to streamline internal processes and improve efficiency. Through the application of data-driven insights, the President & Chief Executive Officer identifies new opportunities for market penetration in metropolitan areas. Ultimately, Ludwig strengthens the competitive position of the bank by prioritizing client-centric solutions and maintaining high standards of operational integrity.
Claire Stack - Interim Chief Financial Officer, Vice President & Chief Accounting Officer
Claire Stack, the Interim Chief Financial Officer, Vice President & Chief Accounting Officer at Midland States Bank, governs the financial reporting, accounting standards, and fiscal health of the organization. Stack directs the preparation of financial statements and ensures compliance with regulatory requirements across all banking operations. The Interim Chief Financial Officer, Vice President & Chief Accounting Officer monitors liquidity, capital adequacy, and interest rate risk to protect the balance sheet. By overseeing the internal audit and tax planning functions, Claire Stack provides the transparency necessary for informed decision-making by the executive team. This leadership role involves managing the financial infrastructure that supports commercial equipment leasing and mortgage origination activities. Through meticulous oversight of accounting policies, the Interim Chief Financial Officer, Vice President & Chief Accounting Officer maintains investor confidence and supports the long-term financial stability of the bank. Stack ensures that all fiscal operations align with the broader strategic goals of the institution.
Philip Olivero - Market President
Philip Olivero, the Market President at Midland States Bank, leads business development and client relationship management within specific geographic territories. Olivero focuses on expanding the commercial real estate and multifamily loan portfolios by cultivating partnerships with local businesses and developers. The Market President drives the delivery of customized financial products, including business term loans and lines of credit, to meet the unique requirements of regional clients. By fostering strong community ties, Philip Olivero enhances the visibility and reputation of the bank in key metropolitan markets. This leadership role involves coordinating with central office teams to ensure that local service delivery remains consistent with corporate standards. Through proactive outreach and market analysis, the Market President identifies emerging growth sectors and tailors service offerings accordingly. Ultimately, Olivero secures market share by providing responsive, high-quality banking services that support the economic vitality of the regions under direct supervision.
Christine Uram - Regional President, Market
Christine Uram, the Regional President, Market at Midland States Bank, oversees the operational performance and strategic growth of banking offices across a designated multi-state region. Uram directs the implementation of retail and commercial banking strategies, ensuring that deposit products and lending services meet the needs of diverse local populations. The Regional President, Market drives the expansion of wealth management and trust services by leveraging local expertise and client relationships. By mentoring branch managers and sales teams, Christine Uram fosters a high-performance culture focused on customer satisfaction and service excellence. This leadership role involves analyzing regional economic data to adjust service delivery models and optimize resource allocation. Through effective coordination with corporate headquarters, the Regional President, Market ensures that regional initiatives support the overall mission of the bank. Uram maintains a strong focus on community engagement, positioning the institution as a primary financial partner for individuals and businesses within the assigned territory.
Matthew Dennison - Market President
Matthew Dennison, the Market President at Midland States Bank, manages the execution of commercial lending and business banking strategies within a defined market area. Dennison focuses on the origination of construction loans and equipment financing, providing essential capital to local enterprises and healthcare facilities. The Market President drives the growth of the loan portfolio by identifying and pursuing opportunities in the commercial real estate sector. By maintaining deep knowledge of local market dynamics, Matthew Dennison ensures that the bank provides competitive and relevant financial solutions to its clients. This leadership role involves collaborating with credit officers and relationship managers to maintain high standards of loan quality and risk management. Through active participation in local business networks, the Market President strengthens the presence of the bank and attracts new commercial accounts. Dennison supports the long-term success of the institution by delivering consistent, reliable financial services that foster economic growth in the region.
Daniel Rice - Regional President, Market
Daniel Rice, the Regional President, Market at Midland States Bank, directs the strategic operations and business development efforts for a broad geographic region. Rice oversees the performance of multiple banking offices, ensuring that service delivery aligns with the needs of local municipalities and individual consumers. The Regional President, Market drives the adoption of digital banking tools and retail brokerage services to enhance the customer experience. By analyzing regional market trends, Daniel Rice identifies opportunities to expand the reach of mortgage and consumer installment loan products. This leadership role involves managing regional talent and ensuring that staff members possess the expertise to provide comprehensive financial advice. Through effective communication with the executive team, the Regional President, Market ensures that regional goals contribute to the overall success of the bank. Rice maintains a focus on operational efficiency and customer retention, securing the position of the institution as a trusted financial partner in the region.
Jan Woodward - Regional President, Market
Jan Woodward, the Regional President, Market at Midland States Bank, leads the regional strategy for wealth management and trust services. Woodward directs the delivery of estate planning, investment management, and corporate retirement plan consulting to high-net-worth individuals and business clients. The Regional President, Market drives the integration of these specialized services with traditional banking products to provide a holistic financial solution. By building strong relationships with professional advisors and community leaders, Jan Woodward expands the client base and enhances the reputation of the bank. This leadership role involves overseeing the compliance and administrative functions related to trust and custodial services. Through a commitment to personalized service and expert guidance, the Regional President, Market ensures that clients receive the support necessary to achieve their long-term financial objectives. Woodward contributes to the overall growth of the bank by diversifying the service portfolio and deepening client engagement across the region.
Randall Dempsey - President
Randall Dempsey, the President at Midland States Bank, focuses on the operational scaling and efficiency of the banking infrastructure. Dempsey directs the optimization of internal processes, including the management of sweep accounts and time deposits, to improve overall profitability. The President drives the implementation of technology solutions that support the origination of residential first- and second-lien mortgage loans for the secondary market. By overseeing the coordination between back-office operations and front-line banking services, Randall Dempsey ensures that the institution maintains high levels of service quality. This leadership role involves working with the executive team to refine the business model and adapt to changing regulatory environments. Through a focus on operational excellence, the President supports the sustainable growth of the bank and enhances the value provided to shareholders. Dempsey ensures that all internal systems are aligned with the strategic objectives of the institution, facilitating seamless service delivery across all banking offices.
Aaron Myers - Market President
Aaron Myers, the Market President at Midland States Bank, leads the development of agricultural and commercial lending initiatives within a specific market area. Myers directs the origination of loans to purchase farmland and finance agricultural production, supporting the vital economic sectors of the region. The Market President drives the growth of business term loans and lines of credit, providing the necessary liquidity for local businesses to thrive. By maintaining a deep understanding of the agricultural and commercial landscape, Aaron Myers ensures that the bank offers tailored financial products that address the unique challenges of these industries. This leadership role involves managing client relationships and ensuring that the loan portfolio remains healthy and productive. Through active engagement with the local community, the Market President strengthens the brand and attracts new business. Myers contributes to the overall success of the bank by fostering economic development and providing essential financial support to the regional economy.
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