The head of Midland States Bancorp in Effingham, Ill., is handing off one of his handful of titles to concentrate more on the big picture.
Leon Holschbach will give up his role as president of the Midland States Bank subsidiary to one of his colleagues, Jeffrey Ludwig, the $2.8 billion-asset parent company said Wednesday.
Holschbach, who joined Midland in August 2007, will remain president of the parent company as well as vice chairman and CEO of the bank and the parent company.
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Midland States Bancorp in Effingham, Ill., has agreed to buy about $400 million in wealth management assets from Sterling Bancorp in Yonkers, N.Y.
February 24 -
Midland States Bancorp in Effingham, Ill., has agreed to buy Heartland Bank in St. Louis from Love Savings Holding Co.
September 13 -
Midland States Bancorp in Effingham, Ill., has agreed to buy Heartland Bank in St. Louis to lower its reliance on interest income, strengthen fee income and improve its chances at going public.
September 20
“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,” Holschbach said in a news release. “I am confident that he will provide the leadership to continue to drive the bank forward.”
Ludwig will keep his jobs as chief financial officer of the bank and the holding company. He has been with Midland since 2006. He will continue to oversee the finance, treasury, operations, information technology and wealth management departments in his new position.
