Midland States Bancorp, Inc. 8-K

What Happened Midland States Bancorp, Inc. announced on February 3, 2026 that its Board increased from ten to eleven members and appointed James F. Deutsch as a Class II director, with a term expiring at the company’s 2027 annual meeting. Mr. Deutsch was also appointed to the board of Midland States Bank, the company’s wholly owned bank subsidiary. He is a senior partner at Patriot Financial Partners, L.P., a private equity fund and current shareholder of the company.

Key Details

• Board size increased from 10 to 11 members; appointment date February 3, 2026.
• Mr. Deutsch will serve as a Class II director through the 2027 annual meeting.
• He is a senior partner at Patriot Financial Partners, L.P., a financial‑services focused private equity investor and current company shareholder.
• As a non‑employee director, Mr. Deutsch will receive the same director compensation disclosed in Midland’s 2025 proxy (filed July 1, 2025).

Why It Matters This is a governance update that adds a director affiliated with a significant shareholder, which may affect board composition and shareholder representation. The filing indicates the board considered director qualifications and Nasdaq independence rules and that compensation will follow the company’s standard non‑employee director policy. For investors, the appointment is material to oversight and shareholder relations but does not report any executive departures, financial results, or other operational changes.