EFFINGHAM, ILLINOIS – July 22, 2024– Midland States Bank is pleased to announce that Tom Ormseth has joined as Chief Deposit Officer.
Ormseth brings over 30 years of commercial banking and treasury management experience, including 17 years of executive leadership at Wintrust Financial Corporation. He specializes in digital products for commercial and retail, treasury management sales and implementation, international banking, card services, derivatives, and government banking.
“We are thrilled to welcome Tom Ormseth as our Chief Deposit Officer,” said Jeff Mefford, President of Midland States Bank. “His wealth of experience will be a valuable asset for our business customers as we continue to innovate and serve them with excellence.”
Ormseth will lead the Commercial Services Team in providing service and support to help customers achieve their business financial goals. He earned his Bachelor of Arts in Finance from the University of Northern Colorado and has been previously acknowledged by the American Banker as a Digital Banker of the Year.
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About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2024, the Company had total assets of approximately $7.83 billion, and its Wealth Management Group had assets under administration of approximately $3.89 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.