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Executive Team

Andrew S. Love

Principal
Love Savings Holding Company

Mr. Love is Chairman, Co-CEO and a principal owner of Love Savings Holding Company. He is also Director of Heartland Bank, Chairman of the Bank’s Finance-ALCO Committee and serves as a Director of Love Funding. Mr. Love has over 40 years experience in real estate and finance and was a partner at the law firm of Bryan, Cave, McPheeters, and McRoberts. He has served as an active board member for many charitable organizations, including St. Louis Symphony Society, St. Louis Country Day School, St. Louis Repertory Theatre, Missouri Chapter of the Nature Conservancy, Center for Plant Conservation and Webster University.

Mr. Love received a Bachelor of Arts degree from Harvard University and a Bachelor of Laws degree from Harvard Law School.


Laurence Schiffer

Chairman & Chief Executive Officer

Mr. Schiffer was the Co-Chief Executive Officer and a principal owner of Love Savings Holding Company, and Chairman of Heartland Bank and Love Funding Corporation, prior to Midland States Bancorp’s acquisition of those entities. He is also President and Co-Chief Executive Officer of Hallmark Investment Corporation, a multi-purpose investment company, and Chairman and CEO of Allegro Senior Living, a developer, owner and operator of senior housing that was formerly a joint venture partner with Almanac Realty Investors (formerly the Rothschild Group), an international investment firm. Over the past four decades, Mr. Schiffer has directed the development, ownership, acquisition, and management of commercial real estate properties including institutional quality office, hotel, retail, industrial, apartment, and senior housing properties. Mr. Schiffer holds a B.S. in Business Administration from Washington University.


Douglas Schiffer

President & Chief Operating Officer
Allegro Senior Living

With more than 30 years of experience in commercial real estate, Mr. Schiffer is presently on the Senior Housing Council of the Urban Land Institute and is an executive board member of the American Seniors Housing Association and a former member of the National Association of Senior Living Executives and the Crittenden Speakers panel. He was a developer of new senior housing properties before transitioning to his present role, where he is responsible for asset management of the company portfolio, the direction of the property management team, and implementing the company’s strategic plan. Mr. Schiffer was previously an executive officer at Love Funding, focused on senior housing finance, where he was frequently featured as a speaker at financing conferences nationally. Mr. Schiffer holds a Bachelor of Arts from Tulane University.


Richard Miller

President & Chief Development Officer
Allegro Development Company

Over the last thirty years Mr. Miller has actively directed the acquisition, development, ownership, marketing and management of commercial real estate properties including institutional quality office, hotel, retail and senior housing. Significant project responsibilities have included the acquisition, design, construction and financing activities for 16 hotels with 8,245 rooms and 6 shopping centers - 4 enclosed malls totaling 2.8 million square feet & 2 neighborhood centers totaling 300,000 square feet. Responsibilities have also included the marketing and sales activities for a 200 unit upscale senior living condominium, the leasing and tenant renovation activities for a 750,000 square foot office portfolio, all aspects of a 36 unit residential condominium conversion and tenant leasing, design and construction of a 65,000 square feet surgery center with medical office space. Mr. Miller received a Bachelor of Science degree from Bradley University.


Robert Karn

Executive Vice President & Chief Financial Officer
Allegro Senior Living

Mr. Karn is a Certified Public Accountant with public accounting experience as an audit manager with Arthur Andersen in their real estate division. He also served clients in the high-tech, financial services, health care and manufacturing industries and has extensive experience with private equity transactions and public securities offerings. He is responsible for the company's finance, accounting, and information technology functions. Mr. Karn obtained his Bachelor of Arts degree in Economics from Vanderbilt University and a Master of Business Administration from Washington University.


Joe Ruggeri

President & Director of Operations
Allegro Management Company

Over the past 35 years, Mr. Ruggeri has actively managed many hospitality operations throughout the United States, ranging from small limited service providers to five-star resorts. He has also been responsible for full renovation projects, capital management generation and implementation, and asset recovery projects. Mr. Ruggeri has held state and local association positions within the hospitality field, including the office of president. Before assuming his role as president of Allegro Management Company, Mr. Ruggeri worked within the Allegro corporate structure and was involved in quality control, service enhancement, and capital project management. Mr. Ruggeri oversees sales and operations performance, including capital improvements, strategic implementation, and performance goal achievement. Mr. Ruggeri holds a Bachelor of Science from St. Louis University.


Steven A. Schumm

Executive Vice President - Strategy & Finance
Hallmark Investment Corporation

Mr. Schumm is a CPA with 40 years of accounting, tax, and finance-related experience with sophisticated, growth-oriented enterprises.  As an Ernst & Young tax services partner and as the Missouri/Kansas Managing Partner, he advised clients operating in a range of various industries.  After 25 years with E&Y, Steve served as CFO of three publicly-traded companies engaged in three different industries including communications, hotels, and international manufacturing, each undergoing transformational change, and with two ultimately acquired by private equity investors at substantial premiums.  He has significant experience in finance and business strategy involving complex transactions and capital structures.  Mr. Schumm is a Summa Cum Laude graduate of St. Louis University.


 Peter Schiffer

Executive Vice President
Love Hotel Management Company

Mr. Schiffer brings over 30 years of experience in real estate development and operations. He has served in numerous positions within the hospitality industry for several global companies including The Ritz Carlton, Marriott, Choice and InterContinental Hotels. He enjoys an impressive track record of property management, finance, development and construction of new properties with an emphasis on acquiring & developing assets across the country. Experiences include business development, land acquisition, financing, distressed asset receivership appointments and other related hospitality activities. Mr. Schiffer received his Bachelor of Arts degree from the University of Colorado.


Mary Rieser, CPM

President & Director of Administration
Love Management Company

As President of Allegro Management Company, Ms. Rieser directs the professional staff and is responsible for the operation of all aspects of the organization. With over 30 years of property management experience, she has successfully managed a myriad of projects including senior housing, apartment, shopping center and office properties located in states across the country. Ms. Rieser earned a Bachelor of Arts Degree from Mundelein College in Chicago and a Masters Degree in Business Administration from St. Louis University.


Gloria Clement

Senior Vice President, Finance
Love Management Company

Gloria Clement is the Senior Vice President of Finance for Love Real Estate Company, the parent company of LHMC. She has over 38 years of experience with Love Real Estate Company in financial services, including accounting, audit and income tax, payroll and benefits and risk management. Her experience spans a multi-state environment, a breadth of ownership forms, and a wide variety of real estate investments. Her career includes managing the accounting, tax personnel and insurance issues associated with acquisitions, disposals, management takeovers and development projects.