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Midland States Bancorp Announces Leadership Transition Plan

Story Highlights
  • Jeffrey S. Mefford will retire as President of Midland States Bank on June 30, 2026.
  • Jeremy A. Jameson will be promoted to Executive Vice President – Chief Banking Officer.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Midland States Bancorp Announces Leadership Transition Plan

Meet Your ETF AI Analyst

An announcement from Midland States Bancrop ( (MSBI) ) is now available.

On November 6, 2025, Midland States Bancorp, Inc. announced the planned retirement of Jeffrey S. Mefford, President of Midland States Bank, effective June 30, 2026. Mefford has been with the bank for 22 years and has significantly contributed to its growth. As part of the succession plan, Jeremy A. Jameson will be promoted to the newly created role of Executive Vice President – Chief Banking Officer, responsible for regional presidents, commercial lending, and credit. This transition aims to ensure continuity in leadership and maintain the bank’s strong client relationships.

The most recent analyst rating on (MSBI) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Midland States Bancrop stock, see the MSBI Stock Forecast page.

Spark’s Take on MSBI Stock

According to Spark, TipRanks’ AI Analyst, MSBI is a Neutral.

The overall stock score is primarily influenced by stable financial performance, particularly in cash flow generation and leverage management. However, the negative P/E ratio and bearish technical indicators weigh heavily on the score. The high dividend yield is a positive aspect but is overshadowed by the company’s operational challenges and weak market momentum.

To see Spark’s full report on MSBI stock, click here.

More about Midland States Bancrop

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 $6.91 billion, and its Wealth Management Group had assets under administration of approximately $4.36 billion. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services.

Average Trading Volume: 142,789

Technical Sentiment Signal: Sell

Current Market Cap: $348.4M

See more insights into MSBI stock on TipRanks’ Stock Analysis page.

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