Midland States Bancorp, Inc. Announces Planned Retirement of Jeffrey S. Mefford
Rhea-AI Summary
Midland States Bancorp (Nasdaq: MSBI) announced that Jeffrey S. Mefford will retire as President of Midland States Bank and Executive Vice President of the company effective June 30, 2026. Mefford has been employed by the bank for 22 years and served as bank President for seven years. The company said Mefford will support a thoughtful transition over the coming months.
As part of the succession plan, Jeremy A. Jameson, currently Executive Vice President - Chief Credit Officer, will be promoted to the newly created role of Executive Vice President - Chief Banking Officer, responsible for Regional Presidents, commercial lending and credit, reporting to CEO Jeffrey G. Ludwig.
Positive
- Planned transition with retirement date of June 30, 2026
- Internal promotion of Jeremy A. Jameson preserves leadership continuity
- 22-year tenure of Mefford signals institutional knowledge retention until transition
- New Chief Banking Officer role clarifies reporting for lending and regional presidents
Negative
- Senior executive departure (Mefford) effective June 30, 2026
News Market Reaction 1 Alert
On the day this news was published, MSBI gained 0.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
EFFINGHAM, Ill., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”), announced today Jeffrey S. Mefford will retire from his role as President of its wholly-owned subsidiary Midland States Bank (the “Bank”) and as Executive Vice President of the Company on June 30, 2026. Mefford has served as President of the Bank for seven years and has been employed with the Bank for 22 years.
“Jeff has played a key role in our growth over many years, particularly in strengthening our sales culture and deepening client relationships, and we are immensely grateful for his extensive contributions. We wish Jeff the very best in his retirement and appreciate his commitment to a thoughtful transition over the coming months.” said Jeffrey G. Ludwig, President and Chief Executive Officer of the Company.
As part of this succession plan, Jeremy A. Jameson will be promoted to the newly-created role of Executive Vice President - Chief Banking Officer of Midland States Bank where he will be responsible for the Regional Presidents, commercial lending and credit, reporting to Jeff Ludwig. Jameson currently serves as the Executive Vice President - Chief Credit Officer of the Bank.
“Jeremy brings deep credit expertise, strong leadership, and a commitment to the communities we serve. I congratulate Jeremy on his planned promotion and look forward to working with him in his new role. We are coordinating closely to ensure a smooth transition with Jeff in the coming months,” Ludwig concluded.
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 September 30, 2025, the Company had total assets of approximately
CONTACTS:
Eric T. Lemke, Chief Financial Officer, at elemke@midlandsb.com or (217) 342-7321
FAQ
When will Jeffrey S. Mefford retire from Midland States Bank (MSBI)?
What roles will Jeremy A. Jameson assume at Midland States Bank (MSBI)?
How long has Jeffrey S. Mefford worked at Midland States Bank (MSBI)?
Who will Jeremy A. Jameson report to in his new MSBI role?
Does Midland States Bancorp (MSBI) describe a transition plan for the leadership change?
