– USA, IL – Midland States Bancorp, Inc. (NASDAQ: MSBI), today announced the appointment of Dean Bingham, current Chairman of the Board of Midland States Bank, to the Board of the Company as Chairman designate, succeeding Jack Schultz who will be retiring, effective December 9, 2020.
“Jack has been a Midland director since 1984 and Chairman of the Company since 2006. He has been instrumental in guiding our growth into one of the largest community banks in Illinois,” said Mr. Smith. “On behalf of the entire Board, we would like to thank Jack for his exceptional service over more than three decades and wish him the best in his retirement. I am honored to be appointed Chairman of the Company’s Board and look forward to working with my fellow directors and our executive management team to continue navigating Midland through these challenging times and executing on our long-term strategic plan to enhance the value of our franchise. I would also like to welcome Dean Bingham to the Board of Directors of the Company. Dean’s business experience and expertise in facility development and manufacturing has made him a valuable member of the Board of our Bank and we believe he will be an asset to the Company’s Board of Directors as well.”
About Dean Bingham
Dean Bingham has served on the Board of the Bank since 2018. Since 1994, Mr. Bingham has served as President of Agracel, Inc., an industrial developer of facilities for manufacturing and high-tech entities in small to midsized communities. Throughout his career, Mr. Bingham has been directly involved with the development of over 17 million square feet of industrial projects on long term leases, focused primarily in tertiary markets with an emphasis on manufacturing.
Mr. Bingham received his B.S. in Industrial Engineering from the University of Illinois.
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 the Midland States Bank. As of September 30, 2020, the Company had total assets of approximately $6.7 billion, and its Wealth Management Group had assets under administration of approximately $3.25 billion. Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services.
For more information: https://www.midlandsb.com/
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