MSBI · Midland States Bancorp, Inc. · Executive Compensation
Market Cap
$680.15M
Shares
20.75M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | $1,532,241 |
| Jeffrey S. Mefford | Executive Vice President of the Company and President of the Bank Jeremy A. Jameson Executive Vice President and Chief Credit Officer of the Bank | $1,015,835 |
| Eric T. Lemke | Senior Vice President and Chief Financial Officer of the Company and the Bank Daniel E. Casey Executive Vice President and Chief Risk Officer of the Bank | $742,205 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | $1,466,243 |
| Jeffrey S. Mefford | Executive Vice President of the Company and President of the Bank | $970,587 |
| Eric T. Lemke | Chief Financial Officer of the Company and the Bank Daniel E. Casey Senior Vice President and Chief Risk Officer of the Bank | $718,141 |
| Douglas J. Tucker | Senior Vice President and Corporate Counsel | $653,364 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | $1,633,785 |
| Jeffrey S. Mefford | Executive Vice President of the Company and President of the Bank | $1,093,227 |
| Eric T. Lemke | Chief Financial Officer of the Company and the Bank Daniel E. Casey Senior Vice President and Chief Risk Officer of the Bank | $742,199 |
| Douglas J. Tucker | Senior Vice President and Corporate Counsel | $713,563 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | $1,777,733 |
| Jeffrey S. Mefford | Executive Vice President of the Company and President of the Bank | $1,078,289 |
| Eric T. Lemke | Chief Financial Officer of the Company and the Bank Daniel E. Casey Senior Vice President and Chief Risk Officer of the Bank | $772,415 |
| Douglas J. Tucker | Senior Vice President and Corporate Counsel | $758,619 |
| James R. Stewart | Senior Vice President and Chief Risk Officer | $691,665 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer | $1,581,174 |
| Jeffrey S. Mefford | President of the Bank | $1,036,948 |
| Douglas J. Tucker | Senior Vice President and Corporate Counsel | $757,271 |
| Eric T. Lemke | Chief Financial Officer Daniel E. Casey Chief Risk Officer of the Bank | $735,522 |
| James R. Stewart | Senior Vice President and Chief Risk Officer | $694,161 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer | $1,027,328 |
| Jeffrey S. Mefford | President of the Bank | $689,083 |
| Douglas J. Tucker | Senior Vice President and Corporate Counsel | $538,634 |
| James R. Stewart | Senior Vice President and Chief Risk Officer | $493,709 |
| Eric T. Lemke | Chief Financial Officer | $467,147 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer | $1,354,060 |
| Jeffrey S. Mefford | President of the Bank | $890,534 |
| Douglas J. Tucker | Senior Vice President and Corporate Counsel | $668,198 |
| James R. Stewart | Senior Vice President and Chief Risk Officer | $612,563 |
| Donald J. Spring | Principal Accounting Officer and Former Interim Chief Financial Officer | $446,023 |
| Eric T. Lemke | Chief Financial Officer | $346,616 |
| Stephen A. Erickson | Former Chief Financial Officer | $231,088 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer | $1,028,244 |
| Jeffrey S. Mefford | Executive Vice President and President of the Bank | $686,371 |
| Corporate Counsel | — | $620,116 |
| Douglas J. Tucker | Senior Vice President and | $620,116 |
| James R. Stewart | Senior Vice President and Chief Risk Officer of the Bank | $560,638 |
| Stephen A. Erickson | Former Chief Financial Officer | $545,707 |
Fiscal 2017
| Executive | Role | Total |
|---|---|---|
| Jeffrey Ludwig | President and Chief Executive Officer | $821,742 |
| Jeffrey S. Mefford | Executive Vice President and President of the Bank | $632,917 |
| Corporate Counsel | — | $601,294 |
| James R. Stewart | Senior Vice President and Chief Risk Officer of the Bank | $499,521 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Claire A. Stack | Executive Vice President and Chief Financial Officer | Appointed | 2026-05-11 |
| Claire Stack | Vice President – Chief Accounting Officer | Appointed | 2026-03-06 |
| Claire Stack | interim Chief Financial Officer | Appointed | 2026-03-06 |
| Eric Lemke | Chief Financial Officer | Terminated | 2026-03-06 |
| James F. Deutsch | Class II director | Appointed | 2026-02-04 |
| Donald J. Spring | Chief Accounting Officer & Corporate Controller | Retired | 2025-12-19 |
| Jeffrey S. Mefford | President of Midland States Bank and Executive Vice President of Midland States Bancorp, Inc. | Retired | 2025-11-06 |
| Sherina M. Edwards | Board of Directors | Resigned | 2025-05-13 |
Key facts
CIK
1466026
CUSIP
597742105
13F (30d)
104 filings
104 filers
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