From Illinois Business Journal news services
EFFINGHAM — Midland States Bank, which has several locations in Metro East and St. Louis, has promoted two men into top positions.
Leon J. Holschbach, vice chairman and chief executive officer, announced this week that Jeffrey G. Ludwig has been promoted to president of Midland States Bank, and Jeffrey S. Mefford has been promoted to executive vice president of community banking.
Holschbach will retain the positions of vice-chair and CEO of the bank and vice-chair, president and CEO of Midland States Bancorp, Inc., the parent company of the bank.
“These two promotions are well deserved and are an important part of ensuring leadership continuity for our company as we continue to grow,” Holschbach said.
Ludwig (left), who remains chief financial officer of the bank and executive vice president and chief financial officer of the company, has been with Midland since 2006. He will continue to have executive leadership for finance, treasury, operations, information technology and wealth management, while also assuming the position of bank president.
“Jeff Ludwig’s promotion to president will allow me to step aside from the day-to-day running of the bank to focus on the strategic growth of our company,” said Holschbach. “I have had the pleasure of working closely with Jeff for the past eight years and have come to rely on his financial acumen and business insight. His experience and leadership in the financial industry has greatly benefitted the company, and I am confident that he will provide the leadership to continue to drive the bank forward.”
Mefford (right), who held the position of senior vice president of community banking prior to this promotion, has been with Midland since 2003. He will continue to be responsible for retail, commercial and Treasury sales, as well as community development and CRA. In addition, he will oversee marketing in his new position.
Holschbach said: “As head of our sales divisions, Jeff Mefford’s teams have continued an upward sales trajectory with record results in many areas, and have done this through his development of strong management teams. He has guided us to improved sales results while retaining the culture that is at the core of our success, one that shows ‘more heart’ and puts our customers’ interest first.”
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Ill., and is the sole shareholder of Midland States Bank. Midland has assets of approximately $3.0 billion, and its Midland Wealth Management Group has assets under administration of more than $1.2 billion as of Dec. 31, 2015. Midland remains locally owned and provides a range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. In addition, commercial equipment leasing services are provided through Heartland Business Credit, and multi-family and healthcare facility FHA financing is provided through Love Funding, its non-bank subsidiaries. Midland now has more than 80 locations across the U.S.
For additional information, visit http://www.midlandsb.com .