EFFINGHAM, Ill. , May  11, 2026  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the &#34;Company&#34;) announced today that Claire A. Stack has been appointed Executive Vice President and Chief Financial Officer

MSBI

Midland States Bancorp, Inc. Appoints Claire Stack Chief Financial Officer

Leadership Change at MSBI with New CFO Appointed

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    <h3>Information</h3>
    <p>EFFINGHAM, Ill. , May  11, 2026  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) (the &amp;#34;Company&amp;#34;) announced today that Claire A. Stack has been appointed Executive Vice President and Chief Financial Officer</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Midland States Bancorp has appointed Claire A. Stack as CFO, which could stabilize and boost investor confidence in the company. Her extensive experience in financial services positions MSBI well for future growth and operational discipline.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Claire A. Stack appointed as CFO effective May 8, 2026.</li><li>Stack previously served as interim CFO and Corporate Controller.</li><li>She brings over 15 years of financial services experience.</li><li>Leadership change aims to stabilize financial operations at MSBI.</li><li>MSBI reports total assets of approximately $6.55 billion.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Midland States Bancorp (MSBI)</strong>: New CFO appointment could stabilize operations and enhance investor confidence.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This article fits within &#039;Corporate Developments&#039; as it details a key leadership change. Such appointments are critical for strategic execution and may influence investor sentiment and stock performance in the near term.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Leadership changes at MSBI may enhance operational stability and strategic focus.</li><li>Stack&#039;s financial expertise could attract investor confidence, impacting stock performance.</li><li>Improved financial oversight may lead to more favorable earnings previews.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Claire A. Stack became CFO on May 8, 2026.</li><li>Total assets at MSBI are approximately $6.55 billion.</li><li>MSBI&#039;s Wealth Management Group manages $4.47 billion in assets.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying MSBI shares for potential upside in the mid-term based on leadership stability.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">EFFINGHAM, Ill. , May  11, 2026  (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSBI">MSBI</a>) (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.</p>  <p align="justify">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."</p>  <p align="justify">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.</p>  <p><strong>About Midland States Bancorp, Inc.</strong></p>  <p align="justify">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.</p>  <p><strong>CONTACTS:</strong><br></br>Claire A. Stack, Chief Financial Officer, at <a href="mailto:cstack@midlandsb.com">cstack@midlandsb.com</a> or (217) 342-7321</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNzc4MSM3NTk2NjI5IzIwMjkyMTk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWU5YTRmZjctN2NkYi00ZDIzLTk3OGQtZjUxNzI2OGNhZmRjLTEwNDA3OTAtMjAyNi0wNS0xMS1lbg==/tiny/Midland-States-Bancorp-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/c23ea7fd-a346-4531-a814-5ff25e8f32d4"><img src="https://ml.globenewswire.com/media/c23ea7fd-a346-4531-a814-5ff25e8f32d4/small/midland-states-bancorp-rgb-jpg.jpg" border="0" width="150" height="44" alt="Primary Logo"></img></a></p>

Midland States Bancorp has appointed Claire A. Stack as CFO, which could stabilize and boost investor confidence in the company. Her extensive experience in financial services positions MSBI well for future growth and operational discipline.

Midland States Bancorp, Inc. Appoints Claire Stack Chief Financial Officer

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