Research Reports

Key takeaways

Claire A. Stack appointed EVP and CFO of Company and Midland States Bank effective May 8, 2026.

Ms. Stack, age 38, joined in November 2025 as Corporate Controller, became VP-Chief Accounting Officer and interim CFO in March 2026.

Annual salary $350,000, bonus potential 40% of base, equity awards 50% of base, one-time restricted stock grant 50% of base.

More than 15 years experience in accounting and finance, CPA, prior roles at Steelcase, Inc. and public accounting firms.

Change of Control Agreement remains in effect; 12-month non-solicitation post-termination.

Full analysis

Midland States Bancorp, Inc. has promoted internal candidate Claire A. Stack to the key CFO role for both the Company and its banking subsidiary, effective May 8, 2026, after she served as interim CFO since March 2026. This appointment provides continuity in financial leadership, with CEO Jeff Ludwig highlighting her leadership, collaboration, and expertise in public bank accounting, SEC reporting, internal controls, and compliance. Ms. Stack's compensation package includes a competitive $350,000 base salary, performance-based bonus up to 40%, ongoing equity awards at 50% of base, and a promotional grant of restricted stock equivalent to 50% of base, subject to board approval. Her prior experience at Steelcase, Inc. and major accounting firms like PwC and KPMG strengthens the finance team's capabilities as the Company manages $6.55 billion in assets.

MSBIP · Midland States Bancorp, Inc.

Summary

Key takeaways

Full analysis