Jeffrey Ludwig Reappointed to Federal Reserve Advisory Council

Rhea-AI Summary

Midland States Bancorp (Nasdaq: MSBI) announced on March 11, 2026 that Jeffrey G. Ludwig, President and CEO, was reappointed to the Federal Advisory Council of the Board of Governors of the Federal Reserve.

As a FAC member, Ludwig will meet periodically with the Board and regulatory heads to present industry perspectives on regulatory and monetary policy.

News Market Reaction – MSBI

-0.43%

-0.43% Session close to close

In the Mar 12 session, MSBI declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights the CEO’s reappointment to the Federal Advisory Council, underscoring M...

Analysis

This announcement highlights the CEO’s reappointment to the Federal Advisory Council, underscoring Midland’s role in broader monetary and regulatory discussions. In recent months, the company reported a Q4 2025 net loss, executed a major equipment finance portfolio sale, and maintained dividends while managing credit and balance‑sheet pressures. Investors may focus on how this policy-level visibility complements ongoing efforts around capital, credit costs, and strategic repositioning rather than treating it as a direct financial catalyst.

Historical Context

5 past events · Latest: Feb 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 03	Dividend declaration	Positive	+1.2%	Common and preferred stock dividends announced with modest positive price reaction.
Feb 03	Strategic investment	Positive	+1.2%	Patriot Financial Partners investment and new director appointment supported growth focus.
Jan 22	Earnings results	Negative	-4.6%	Q4 2025 net loss and portfolio sale losses led to a negative price reaction.
Jan 02	Earnings timing	Neutral	+1.6%	Announcement of upcoming Q4 2025 results and investor presentation date.
Dec 01	Portfolio sale	Positive	+1.9%	Sale of equipment finance portfolio, use of proceeds to reduce high-cost funding.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent corporate and balance-sheet announcements have generally seen aligned price reactions, with positive or strategic updates followed by modest gains and weaker financial results followed by declines.

Recent Company History

Over the last few months, Midland reported a Q4 2025 net loss driven by portfolio sales, announced an equipment finance portfolio sale for $502M in cash, and detailed a significant nine‑month 2025 net loss tied to goodwill impairment. It also declared common and preferred dividends and welcomed Patriot Financial Partners as a shareholder with board representation. Against this backdrop, today’s leadership-related Federal Advisory Council reappointment follows a series of capital, portfolio, and governance updates.

Key Terms

federal advisory council, federal reserve act

2 terms

federal advisory council regulatory

"has been reappointed to the Federal Advisory Council (“FAC”) of the Board"

A federal advisory council is a group of outside experts or representatives that provides non-binding advice to a federal agency or policymaker about conditions, risks and practical impacts of proposed actions. Think of it as a neighborhood council giving feedback to a city leader: it does not make rules but helps shape decisions by offering on-the-ground perspective, which investors watch because that input can influence regulatory shifts or policy moves that affect markets.

federal reserve act regulatory

"The Council, established by Congress under the Federal Reserve Act, provides"

A federal law that created the Federal Reserve System, the United States’ central bank, and set its powers to manage the money supply, oversee and regulate banks, and act as lender of last resort. Investors care because the Fed’s actions under that law—setting short-term interest rates, providing liquidity to markets, and shaping banking rules—directly influence borrowing costs, asset prices and overall economic confidence, much like a thermostat that helps regulate a home’s temperature.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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EFFINGHAM, Ill., March 11, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (“Midland” or the “Company”) announced today that Jeffrey G. Ludwig, President and Chief Executive Officer has been reappointed to the Federal Advisory Council (“FAC”) of the Board of Governors of the Federal Reserve Board. The Council, established by Congress under the Federal Reserve Act, provides the Board of Governors with the financial industry’s perspective on matters under the Board’s jurisdiction, including both regulatory and monetary policy.

As a FAC member, Mr. Ludwig will meet several times each year with the Federal Reserve’s Board of Governors as well as the heads of staff of other principal financial industry regulatory agencies and will have the opportunity to present information and views on the economy.

“This reappointment reflects the importance of community and regional banks in shaping conversations about the U.S. economy,” said Ludwig. “It’s an opportunity to ensure the experiences of small and mid-sized businesses, local markets, and the customers we serve every day are part of broader economic dialogue.”

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 December 31, 2025, the Company had total assets of approximately $6.51 billion, and its Wealth Management Group had assets under administration of approximately $4.48 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.

Contact:
Claire A. Stack, Chief Accounting Officer, at cstack@midlandsb.com or (217) 342-7321

FAQ

Who was reappointed to the Federal Advisory Council from Midland States Bancorp (MSBI) on March 11, 2026?

Jeffrey G. Ludwig, Midland States Bancorp’s President and CEO, was reappointed to the Federal Advisory Council. According to the company, Ludwig will continue representing community and regional bank perspectives to the Federal Reserve and other regulatory agency leaders.

What will Jeffrey Ludwig do as a Federal Advisory Council member for MSBI shareholders?

He will meet with the Federal Reserve Board and regulatory heads to present banking industry views. According to the company, this role provides Midland a platform to communicate small and mid-sized bank experiences on regulatory and monetary policy matters.

How often will MSBI’s CEO meet with the Federal Reserve as a FAC member in 2026?

FAC members meet several times each year with the Federal Reserve Board. According to the company, Ludwig will attend multiple meetings annually to convey perspectives from community and regional banks to policymakers.

Does Jeffrey Ludwig’s FAC reappointment signal a change in Midland States Bancorp (MSBI) strategy or operations?

The announcement does not state any change to company strategy or operations. According to the company, the reappointment is intended to ensure community and regional bank viewpoints inform broader economic and regulatory discussions.

Why is Jeffrey Ludwig’s reappointment to the Federal Advisory Council relevant for MSBI investors?

It gives Midland a direct channel to discuss regulatory and economic issues with policymakers. According to the company, the role helps ensure the experiences of small and mid-sized businesses and local markets inform Federal Reserve deliberations.