Midland States Bank announced the appointment of Jeremy Jameson as its new Chief Credit Officer. Jameson brings over 20 years of experience in credit risk management and driving organic growth at community banks. As the Chief Credit Officer, he will be responsible for managing and overseeing all aspects of the bank’s credit operations, including developing and implementing credit policies, procedures, and strategies to ensure prudent credit risk management while supporting the bank’s growth objectives.
Jeffrey Ludwig, CEO of Midland States Bank, highlighted Jameson's strong background in enhancing credit policies, driving portfolio growth, and ensuring robust risk management practices. He also mentioned that Jameson's appointment comes at a perfect time as the current Chief Credit Officer, Jeff Brunoehler, is set to retire next year, allowing for a smooth transition.
Midland States Bancorp, Inc., the parent company of Midland States Bank, reported total assets of approximately $7.76 billion as of June 30, 2024, and its Wealth Management Group had assets under administration of around $4.00 billion.
Jameson, a graduate of the Graduate School of Banking at Louisiana State University and holding a BS in Finance from Iowa State University, is expected to bring his expertise to drive organic growth over the next few years, aligning with the bank's growth objectives.
The appointment of Jeremy Jameson as Chief Credit Officer reflects the bank’s strategic focus on credit risk management and growth, as it prepares for a smooth transition in leadership within its credit operations. The market has reacted to these announcements by moving the company's shares -1.0% to a price of $20.88. Check out the company's full 8-K submission here.
