Midland States Bancorp, Inc. Announces Executive Changes
March 07, 2018 at 04:15 pm
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On March 7, 2018, Midland States Bancorp, Inc. announced that Jeffrey G. Ludwig was promoted from Executive Vice President and Chief Financial Officer of the Company to President of the Company. The appointment was approved by the company's board of directors in accordance with the Company's previously announced succession plan. In addition, on March 7, 2018, the Company announced that Stephen A. Erickson was appointed as Chief Financial Officer of the Company and the Bank, effective March 7, 2018. In addition to the positions described above, Mr. Ludwig, age 46, CPA (inactive status), previously served as Chief Financial Officer of the Company and the Bank from November 2006, when he joined the Company and the Bank, to November 2016, and from October 2017 until March 2018. Mr. Erickson, age 48, CPA (inactive status), has been with Midland since 2012, having served as President of
Midland's Merchant Services division from 2012 to 2015 and Director of Mergers and Acquisitions since 2015.
Midland States Bancorp, Inc. is a diversified financial holding company. Its segments include Banking, Wealth Management, and Other. The Banking segment provides a range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The Wealth Management segment operates under the name Midland Wealth Management, which consists of 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 through a nationally recognized third-party broker dealer.
MIDLAND STATES BANCORP, INC. 
