MidWestOne Financial Group, Inc.
MOFG·NASDAQ·Financial Services·CIK 0001412665
MidWest One Financial Group, Inc. is an Iowa-based bank holding company that operates primarily through its wholly-owned subsidiary, MidWest One Bank. The company's principal business is providing relationship-based business and personal banking products and services. MidWest One Bank offers various loan products, including commercial, real estate, agricultural, credit card, and consumer loans. It also provides deposit products such as demand and interest checking accounts, savings accounts, money market accounts, and time deposits.
Complementary services include treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. The Bank delivers these products and services through a network of full-service banking offices. As of December 31, 2024, this network comprised 35 banking offices in central and eastern Iowa, 12 offices in the Minneapolis/St. Paul metropolitan area, 7 offices in southwestern Wisconsin, and two offices in Denver, Colorado. Additionally, the Bank offers wealth management services, including the administration of estates, trusts, and conservatorships, alongside financial planning, investment advisory, and brokerage services.
As of December 31, 2024, MidWest One Financial Group, Inc. reported total assets of $6.24 billion, total loans, net of unearned income, of $4.32 billion, total deposits of $5.48 billion, and shareholders' equity of $559.7 million. On January 31, 2024, the Company acquired DNVB, a bank holding company, for $32.6 million in cash, merging its banking subsidiary, BOD, into MidWest One Bank.