Claire A. Stack appointed EVP and CFO of Midland States Bancorp, bringing extensive finance experience and leadership.
Quiver AI Summary
Midland States Bancorp, Inc. has announced the appointment of Claire A. Stack as Executive Vice President and Chief Financial Officer, effective May 8, 2026. Jeff Ludwig, the Company's CEO, praised Stack for her leadership and expertise, emphasizing her role in providing stability and direction since taking on the interim CFO position. Stack, who joined the company in November 2025 as Corporate Controller, brings over fifteen years of experience in accounting and finance within the financial services sector. She is a Certified Public Accountant and has held significant positions at various notable firms. Midland States Bancorp is a community-based financial holding company based in Effingham, Illinois, with total assets of approximately $6.55 billion as of March 31, 2026.
Potential Positives
- Claire A. Stack's appointment as Executive Vice President and Chief Financial Officer signals stable leadership and continuity within the finance team, which is crucial for investor confidence.
- Ms. Stack brings over fifteen years of relevant experience in accounting and finance, enhancing the company's financial expertise at a critical leadership level.
- The transition from interim CFO to permanent CFO may positively impact organizational morale and confidence, reflecting well on the company's internal culture and management practices.
Potential Negatives
- Appointment of a new CFO may indicate instability in leadership, as Claire A. Stack has only been with the company since November 2025 and has served in interim roles.
FAQ
Who has been appointed as the new CFO of Midland States Bancorp?
Claire A. Stack has been appointed Executive Vice President and Chief Financial Officer effective May 8, 2026.
What experience does Claire A. Stack bring to her new role?
Claire A. Stack brings over fifteen years of accounting and finance leadership experience in the financial services sector.
What positions did Claire Stack hold before becoming CFO?
Before becoming CFO, Claire Stack was Corporate Controller and Vice President – Chief Accounting Officer at Midland States Bancorp.
What is Midland States Bancorp's total asset value as of March 31, 2026?
As of March 31, 2026, Midland States Bancorp had total assets of approximately $6.55 billion.
Where is Midland States Bancorp headquartered?
Midland States Bancorp is headquartered in Effingham, Illinois.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MSBI Insider Trading Activity
$MSBI insiders have traded $MSBI stock on the open market 7 times in the past 6 months. Of those trades, 6 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MSBI stock by insiders over the last 6 months:
- TRAVIS FRANKLIN purchased 9,400 shares for an estimated $248,988
- JEREMY ANDREW JAMESON (EVP - Chief Credit Officer) purchased 5,598 shares for an estimated $99,028
- DANIEL EDWARD CASEY (CROF) has made 2 purchases buying 5,000 shares for an estimated $89,442 and 0 sales.
- RICHARD DEAN BINGHAM purchased 5,000 shares for an estimated $87,800
- KYLE OWEN MOONEY (SVP - Chief Operating Officer) sold 2,808 shares for an estimated $63,657
- JEFFREY C. SMITH purchased 500 shares for an estimated $8,845
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MSBI Revenue
$MSBI had revenues of $79.5M in Q1 2026. This is an increase of 4.58% from the same period in the prior year.
You can track MSBI financials on Quiver Quantitative's MSBI stock page.
You can access data on MSBI stock through the Quiver Quantitative API.
$MSBI Hedge Fund Activity
We have seen 78 institutional investors add shares of $MSBI stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PATRIOT FINANCIAL PARTNERS GP II, L.P. added 438,500 shares (+inf%) to their portfolio in Q1 2026, for an estimated $9,782,935
- AQR CAPITAL MANAGEMENT LLC removed 267,776 shares (-39.6%) from their portfolio in Q4 2025, for an estimated $5,668,817
- RHINO INVESTMENT PARTNERS, INC added 261,534 shares (+inf%) to their portfolio in Q4 2025, for an estimated $5,536,674
- DIMENSIONAL FUND ADVISORS LP removed 160,022 shares (-15.2%) from their portfolio in Q1 2026, for an estimated $3,570,090
- NUVEEN, LLC removed 139,674 shares (-68.8%) from their portfolio in Q1 2026, for an estimated $3,116,126
- JACOBS LEVY EQUITY MANAGEMENT, INC added 117,422 shares (+97.1%) to their portfolio in Q4 2025, for an estimated $2,485,823
- MILLENNIUM MANAGEMENT LLC removed 95,199 shares (-30.1%) from their portfolio in Q4 2025, for an estimated $2,015,362
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$MSBI Price Targets
Multiple analysts have issued price targets for $MSBI recently. We have seen 3 analysts offer price targets for $MSBI in the last 6 months, with a median target of $26.0.
Here are some recent targets:
- Nathan Race from Piper Sandler set a target price of $28.0 on 04/27/2026
- Jeff Rulis from DA Davidson set a target price of $26.0 on 04/27/2026
- Damon Delmonte from Keefe, Bruyette & Woods set a target price of $19.0 on 12/08/2025
Full Release
EFFINGHAM, Ill. , May 11, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) announced today that Claire A. Stack has been appointed Executive Vice President and Chief Financial Officer of the Company and Midland States Bank, its wholly-owned subsidiary (the “Bank”), effective May 8, 2026.
Jeff Ludwig, President and Chief Executive Officer of the Company, commented, “Claire has earned the trust of our organization through her strong leadership, collaborative approach, and deep financial expertise. Since stepping into the interim CFO role, she has provided stability and clear direction for our finance team. I’m excited to have her step into the role permanently as we continue building a high-performing, disciplined financial organization that supports our broader strategic priorities.”
Ms. Stack joined the Company in November 2025 as Corporate Controller and has served as Vice President – Chief Accounting Officer and interim Chief Financial Officer since March 2026. She brings more than fifteen years of accounting and finance leadership experience within the financial services sector, including public bank accounting, SEC reporting, internal controls, and audit and regulatory compliance. Ms. Stack is a Certified Public Accountant (CPA) and previously served as Corporate Controller at Steelcase, Inc., a publicly traded furniture company, and held various senior leadership positions in accounting and finance at CliftonLarsonAllen LLP, a public accounting firm, Agracel, Inc., an industrial real estate developer, PricewaterhouseCoopers LLP, and KPMG LLP. She holds a Bachelor of Science in Accounting and Technology Management from Indiana University’s Kelley School of Business.
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2026, the Company had total assets of approximately $6.55 billion, and its Wealth Management Group had assets under administration of approximately $4.47 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit midlandsb.com or follow Midland States Bank on LinkedIn.
CONTACTS:
Claire A. Stack, Chief Financial Officer, at [email protected] or (217) 342-7321
