---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055474"
form_type: "8-K"
ticker: "MSBI"
cik: "0001466026"
company_name: "Midland States Bancorp, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:53:21.126352+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Midland States Bancorp CRO James Stewart retires; Daniel Casey appointed as new CRO

## Summary
- James Stewart retired as Chief Risk Officer effective April 28, 2023 after a planned transition.
- Bank appointed Daniel Casey as new Chief Risk Officer following a national search.
- Stewart entered into a Transition and Separation Agreement; will provide part-time consulting until July 31, 2023.
- Stewart receives $2,495.25/week during transition and a one-time $121,000 bonus payment.

## SEC filing metadata
- accession: 0001104659-23-055474
- form_type: 8-K
- ticker: MSBI
- cik: 0001466026
- company_name: Midland States Bancorp, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466026/000110465923055474/0001104659-23-055474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466026/000110465923055474/tm2314368d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055474
- JSON: https://secwatch.observer/filing/0001104659-23-055474.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055474.txt

## Key facts
- Executive change
  Daniel Casey was appointed as Chief Risk Officer at Midland States Bancorp, Inc..
  - Action: appointed
  - Role: Chief Risk Officer
  source text: In connection with Mr. Stewart’s retirement, the Bank appointed Daniel Casey as Chief Risk Officer of the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466026/000110465923055474/0001104659-23-055474-index.htm
- Executive change
  James R. Stewart retired as Senior Vice President and Chief Risk Officer at Midland States Bancorp, Inc..
  - Action: retired
  - Role: Senior Vice President and Chief Risk Officer
  source text: On May 3, 2023, Midland States Bancorp, Inc. (the “Company”), the holding company of Midland States Bank (the “Bank”), announced that James R. Stewart, Senior Vice President and Chief Risk Officer of the Bank, retired, effective April 28, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466026/000110465923055474/0001104659-23-055474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.