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

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.

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.

Argus May 12 session

-1.93% close to close Open Argus

Details

News Market Reaction – MSBI

On May 12, the first trading day after this news, MSBI closed 1.93% below the previous close.

Data tracked by StockTitan Argus for the May 12 session.

Key Figures

Effective date: May 8, 2026 Company tenure start: November 2025 Industry experience: More than 15 years

Effective date

May 8, 2026

CFO appointment effective date

Company tenure start

November 2025

Claire Stack joined as Corporate Controller

Industry experience

More than 15 years

Accounting and finance leadership in financial services

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Buyback expansion

   24h Move

   +2.6%

   Increased stock repurchase authorization and extended program timeline.

2. May 05

   Dividend declaration

   24h Move

   +2.6%

   Announced quarterly cash dividends on common and preferred shares.

3. Apr 23

   Quarterly earnings

   24h Move

   +6.9%

   Reported profitable Q1 2026 with widened net interest margin.

4. Apr 03

   Earnings date notice

   24h Move

   +1.1%

   Set and announced date for Q1 2026 financial results release.

5. Mar 11

   Governance/leadership

   24h Move

   -0.4%

   CEO reappointed to Federal Reserve Advisory Council, reinforcing industry role.

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

Key Terms

certified public accountant, sec reporting, regulatory compliance

3 terms

certified public accountant financial

"Ms. Stack is a Certified Public Accountant (CPA) and previously served..."

A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.

sec reporting regulatory

"including public bank accounting, SEC reporting, internal controls..."

SEC reporting is the process by which publicly traded companies regularly share important financial information with the government agency responsible for overseeing the stock market. This information helps investors understand a company's financial health and make informed decisions, much like how a doctor’s check-up provides insight into a person's well-being. Consistent and transparent reporting ensures trust and fairness in the financial markets.

regulatory compliance regulatory

"internal controls, and audit and regulatory compliance."

Regulatory compliance is the process of ensuring that a company follows all applicable laws, rules, and standards set by government authorities or industry bodies. It is important to investors because it helps prevent legal penalties, financial losses, and reputational damage, contributing to the overall stability and trustworthiness of a business. Think of it as following the rules of a game to play fairly and avoid penalties.

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

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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 $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.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CFO of Midland States Bancorp (Nasdaq: MSBI)?

Claire A. Stack is the new Executive Vice President and Chief Financial Officer. According to the company, she previously served as Corporate Controller, then Vice President – Chief Accounting Officer and interim CFO, bringing over fifteen years of accounting and finance leadership in the financial services sector.

When did Claire Stack become CFO of Midland States Bancorp (MSBI)?

Claire Stack’s appointment as CFO became effective on May 8, 2026. According to the company, she had been serving as interim CFO since March 2026 after joining Midland States Bancorp in November 2025 as Corporate Controller for the organization.

What experience does Claire Stack bring to her CFO role at Midland States Bancorp (MSBI)?

Claire Stack brings over fifteen years of accounting and finance leadership experience to the CFO role. According to the company, her background includes public bank accounting, SEC reporting, internal controls, audit, regulatory compliance, and senior positions at Steelcase, CliftonLarsonAllen, Agracel, PricewaterhouseCoopers, and KPMG.

What is Claire Stack’s professional background before joining Midland States Bancorp (MSBI)?

Before joining Midland States Bancorp, Claire Stack worked in several senior finance and accounting roles. According to the company, she was Corporate Controller at Steelcase and held leadership positions at CliftonLarsonAllen, Agracel, PricewaterhouseCoopers, and KPMG, focusing on financial services and compliance.

What qualifications does Midland States Bancorp CFO Claire Stack have?

Claire Stack is a Certified Public Accountant with a strong academic and professional background. According to the company, she holds a Bachelor of Science in Accounting and Technology Management from Indiana University’s Kelley School of Business and extensive experience in SEC reporting and internal controls.

How did Claire Stack advance within Midland States Bancorp (MSBI) before becoming CFO?

Claire Stack progressed quickly within Midland States Bancorp after joining in November 2025. According to the company, she started as Corporate Controller, then became Vice President – Chief Accounting Officer and interim CFO in March 2026, before being appointed permanent Chief Financial Officer.