On March 5, 2026, Midland States Bancorp, Inc. terminated Eric Lemke as Chief Financial Officer and principal financial and accounting officer of the Company and Midland States Bank. The Company appointed Claire Stack, age 37, as Vice President – Chief Accounting Officer and interim Chief Financial Officer, serving as principal financial and accounting officer.
Key takeaways
Eric Lemke terminated as CFO on March 5, 2026
Claire Stack, 37, appointed interim CFO and principal financial/accounting officer on March 5, 2026
Stack served as Corporate Controller since November 2025 with 15+ years experience
Change of Control Agreement with Stack through Dec 31, 2026, auto-renewing annually
Severance: 150% salary + avg prior 3-year bonus upon qualifying change-in-control termination
Post-termination: 12-month non-compete/non-solicit; COBRA for 12 months