MidWestOne Financial Group — BrandWiki

MidWestOne Financial Group

Overview

MidWestOne Financial Group, Inc.

type	Public
traded as	nasdaq: MOFG Russell 2000 Component
industry	Banking
foundation	1983
location	Iowa City, Iowa, U.S.
key people	Charles N. Reeves (CEO)<BR> Barry S. Ray (CFO)‡R1R‡
revenue	$0.049 billion (2019)‡R2R‡
net income	$0.0436 billion (2019)‡R2R‡
assets	$4.653 billion (2019)‡R2R‡
equity	$0.508 billion (2019)‡R2R‡
num employees	802‡R1R‡
owner	Nicolet Bankshares
homepage	https://midwestone.bank

MidWestOne Financial Group, Inc. is a bank holding company headquartered in Iowa City, Iowa that operates 56 bank branches.[1] The third-largest bank headquartered in Iowa, it operates in Iowa, Minnesota, Wisconsin, Colorado, and Florida.[1]

History

The subsidiary bank was founded as Iowa State Bank & Trust Company in 1934 by Ben S. Summerwill.[3] In 1983, ISB Financial Corp. was established as a privately held banking holding company for ISB&TC.

In March 2008, ISB Financial merged with MidWestOne Financial Group and took MidWestOne Financial Group, Inc. as the name of the company.[4] In May 2015, four years after chairman W. Richard Summerwill retired,[5]