Midland States Bancorp names new chief financial officer

 

EFFINGHAM — Midland States Bancorp, Inc. announced today that Kevin L. Thompson has been appointed to the position of chief financial officer of the holding company and the bank.

Thompson succeeds Jeffrey G. Ludwig in the CFO role, which follows Ludwig’s promotion to president of Midland States Bank in February 2016. Ludwig is also executive vice president of the holding company.

Midland States has more than 80 locations, including Freeburg, Smithton, Waterloo and Columbia in Metro East.

“We are very pleased to welcome Kevin Thompson to Midland,” said Leon J. Holschbach, president and chief executive officer of Midland States Bancorp. “Kevin possesses an impressive range of financial, strategic and analytical skills that he developed while serving in senior finance positions at large financial institutions such as Zions Bancorporation and American Express. He has extensive experience working with broadly diversified, high growth institutions, and will be an effective leader as we continue to build the Midland franchise.

“Following Jeff’s promotion to President of the Bank, we conducted a broad search for a new CFO that would allow Jeff to focus more on his operational and strategic responsibilities, including heading up the recently announced Operational Excellence initiative under our Strategic Plan,” said Holschbach.

Thompson joins Midland from Zions Bancorporation, where he served as senior vice president, Corporate Finance since 2014. Thompson was responsible for financial planning and analysis, budgeting, forecasting and CCAR/DFAST stress testing. Prior to joining Zions, Thompson worked for American Express from 2006 to 2014, where he ascended to the position of CFO and treasurer of American Express Centurion Bank, a $35 billion financial institution. There, he was responsible for managing the bank’s asset/liability process, interest rate risk, liquidity, reserves, budgeting, forecasting, and capital planning.

Thompson is a Certified Public Accountant and holds an M.B.A. and B.S. from Brigham Young University.

We welcome news of businesses in and around Southwestern Illinois. Send it to Editor Dennis Grubaugh, [email protected]

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