Jameson Jeremy Andrew, the Chief Credit Officer at Midland States Bancorp, has reported a transaction involving the acquisition of 169 shares of common stock. This transaction, dated November 7, 2026, is significant as it reflects ongoing activity among company executives, which may signal confidence in the bank's performance.
Midland States Bancorp, Inc., based in Effingham, Illinois, is a financial institution that operates within the state commercial banks industry. The company is identified by the Central Index Key (CIK) number 0001466026 and trades under the symbol MSBI. The bank focuses on providing various financial services, including commercial banking and investment services.
According to the recent SEC filing, Jameson acquired the shares at a price of $31.72 each. Following this transaction, he now holds a total of 64,470 shares in Midland States Bancorp. The filing indicates that the ownership is direct, reflecting a personal investment in the bank's stock.
This transaction may affect shareholders and potential investors as it demonstrates the commitment of the bank's executives to their own company. Such insider transactions are often scrutinized for insights into the company's health and future prospects.
The filing does not specify what actions may follow this transaction, leaving the next steps unclear.
Additional Insights from the SEC Filing
The SEC filing indicates that Jameson Jeremy Andrew holds the title of Executive Vice President (EVP) and Chief Credit Officer at Midland States Bancorp. This role underscores his significant influence within the company, particularly in overseeing credit risk and lending operations.
Furthermore, the transaction was classified under the code 'F', which denotes the acquisition of shares. This specific transaction type is crucial as it reflects the nature of the acquisition rather than a sale or other forms of transaction.
Jameson’s direct ownership of the shares, totaling 64,470 following this acquisition, illustrates a substantial personal stake in Midland States Bancorp, which may be interpreted as a strong vote of confidence in the company's future.
Notably, the filing also includes a Power of Attorney document, which designates Nathan D. Sturycz and Stephanie Gurgel as attorneys-in-fact for Jameson. This allows them to execute necessary filings on his behalf, ensuring compliance with SEC regulations regarding insider transactions.
"The undersigned agrees to hold the attorney-in-fact, or either one of them, jointly and severally, free and harmless from any and all loss, damage or liability that they, or either one of them, may sustain as a result of any action taken in good faith hereunder and not due to the attorney-in-fact's own negligence, misconduct or bad faith."
However, the filing does not provide any details regarding the motivations behind Jameson's acquisition of additional shares or any potential future transactions he may be considering.
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