Midland States Bancorp Appoints Gerald Carlson to Board of Directors

EFFINGHAM, Ill., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) (the “Company” or “Midland”) announced today that Gerald Carlson has been appointed to the Board of Directors of the Company and Midland States Bank. With the addition of Mr. Carlson, the Company’s Board of Directors now has 11 directors, with 10 of the directors classified as independent.

“We are very pleased to add Jerry to our Board of Directors,” said Jeffrey C. Smith, Chairman of the Board of the Company. “Jerry is a highly accomplished executive who brings a wealth of experience to the Board, and he spent a good part of his career in St. Louis. We believe the St. Louis market represents a significant growth opportunity for Midland, and we are investing more resources into expanding our presence in this area. We believe that Jerry’s experience in this market will be helpful to our efforts to grow in St. Louis, increase our market share, and add new retail and commercial clients in both community banking and wealth management.”

Mr. Carlson served as the Managing Partner of KPMG for the firm’s Washington, D.C. metropolitan and Chesapeake regions, a position he held from 2013 until his retirement in 2019. Prior to that, Mr. Carlson served as Managing Partner of KPMG’s St. Louis office, which position he held since 2008. Throughout his career, Mr. Carlson served as an audit partner and advisor to private and publicly held clients, including a number of Fortune 500 companies. As a Managing Partner of KPMG, Mr. Carlson was responsible for leading a culture of ethics and integrity, developing marketplace strategies for growth, overseeing high-quality client service, attracting and retaining key resources and representing KPMG in the marketplace. Mr. Carlson has served on the boards of many organizations, including currently serving on the boards of two private equity backed companies, the Greater Rivers Greenway Foundation, Connected DMV, and the Dean’s Advisory Board of the Robert S. Trulaske School of Business at the University of Missouri—Columbia. He previously served on the boards of the Greater Washington Board of Trade, the Regional Business Council, and Catholic Charities of the Archdiocese of St. Louis, among others.