Midland States Bancorp, Inc. Appoints Claire Stack Chief Financial Officer
Rhea-AI Summary
Midland States Bancorp (Nasdaq: MSBI) appointed Claire A. Stack as Executive Vice President and Chief Financial Officer of the company and Midland States Bank, effective May 8, 2026.
She is a CPA with 15+ years of financial services experience, including public bank accounting, SEC reporting, controls, and compliance.
AI-generated analysis. Not financial advice.
Positive
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Negative
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Key Figures
Market Reality Check
Peers on Argus
MSBI slipped 0.11% while regional bank peers like BRBS -3.5%, RRBI -1.34%, BMRC -1.27%, BSRR -1.05%, and BWFG -0.87% also traded lower, indicating a broadly negative sector tone with MSBI comparatively resilient.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 05 | Buyback expansion | Positive | +2.6% | Increased stock repurchase authorization and extended program timeline. |
| May 05 | Dividend declaration | Positive | +2.6% | Announced quarterly cash dividends on common and preferred shares. |
| Apr 23 | Quarterly earnings | Positive | +6.9% | Reported profitable Q1 2026 with widened net interest margin. |
| Apr 03 | Earnings date notice | Neutral | +1.1% | Set and announced date for Q1 2026 financial results release. |
| Mar 11 | Governance/leadership | Neutral | -0.4% | CEO reappointed to Federal Reserve Advisory Council, reinforcing industry role. |
Positive corporate actions and strong earnings have recently coincided with positive price reactions for MSBI.
Recent news flow for Midland States Bancorp highlights capital returns and an earnings recovery. On May 5, 2026, the company increased its stock repurchase program to $45 million and simultaneously declared a common dividend of $0.32 per share and a preferred dividend of $0.4844 per depository share, with shares rising about 2.62%. On April 23, 2026, Q1 2026 results showed net income of $16.2 million and diluted EPS of $0.74, prompting a 6.88% gain. Today’s CFO appointment follows this period of improving fundamentals and shareholder returns.
Market Pulse Summary
This announcement details the appointment of a new Executive Vice President and Chief Financial Officer effective May 8, 2026, highlighting more than 15 years of finance and accounting leadership within financial services, including SEC reporting and regulatory compliance. It follows a period of earnings recovery, buyback expansion, and consistent dividends. Investors may watch for continuity in financial discipline, credit risk oversight, and capital allocation decisions under the new CFO’s leadership.
Key Terms
certified public accountant financial
sec reporting regulatory
regulatory compliance regulatory
AI-generated analysis. Not financial advice.
EFFINGHAM, Ill. , May 11, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (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.
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.”
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.
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 March 31, 2026, the Company had total assets of approximately
CONTACTS:
Claire A. Stack, Chief Financial Officer, at cstack@midlandsb.com or (217) 342-7321
