MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc.

Overview
Date Founded

1983

Headquarters

102 South Clinton Street, Iowa City, IA, 52240, USA

Type of Company

Public

Employees (Worldwide)

771

Industries

Retail & Commercial Banking
Holding Companies

Company Description

MidWestOne Financial Group, Inc. is a financial holding company, which focuses on delivering relationship-based business and personal banking products and services through its bank subsidiary, MidWestOne Bank. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. It offers its products and services primarily through its full-service branch network, including 34 branches located throughout central and eastern Iowa, 13 branches located principally in the Minneapolis-St. Paul metropolitan area of Minnesota, seven branches in western Wisconsin, one branch in each of Naples and Fort Myers, Florida, and one branch in Denver, Colorado. MidWestOne Financial Group was founded in 1983 and is headquartered in Iowa City, IA.

Contact Data
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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Senior Executive Vice President & Chief Financial Officer

Treasurer, Chief Investment Officer & Senior Executive Vice President

Senior Vice President & Chief Risk Officer

Senior Vice President & Chief Credit Officer

Vice President & Chief Human Resources Officer

Director & Executive Vice President

Vice President & Cashier

Vice President, Wealth Management & Corporate Communications

Board of Directors

Chief Executive Officer at ACT, Inc.

Chief Executive & Financial Officer, Director at MicroFinancial, Inc.

Chief Executive Officer at Hartig Drug Co., Inc.

Former Chief Executive Officer & Director at Central Bank (Stillwater, Minnesota)

Kicking Consultant at Minnesota Vikings

Former Managing Partner at TD&T Financial Group

Member, Board of Directors at MidWestOne Financial Group, Inc.

Member, Board of Directors at MidWestOne Financial Group, Inc.

CIO at Uponor, Inc.

President at Central Financial Services

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MidWestOne Financial Group, Inc.
Owners & Shareholders
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Rhino Investment Partners is a value oriented investor of publicly-traded, small-cap companies in the Financial Sector. The firm employs a fundamental bottom-up stock selection investment process.

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Pinnacle Holdings creates customized portfolios for their clients. The firm's proprietary investment strategies include: (1) Tax-Exempt Bonds (2) Intermediate Bonds (3) Convertible High Yield (4) Blue Chip and (5) Small Cap Value.The Pinnacle Intermediate Bond strategy seeks to generate higher yields and total returns than are available with short-term bonds. The portfolio invests in investment grade corporate bonds in addition to a core holding of bonds issued by the US Treasury or Federal Agencies.Pinnacle Holdings' Tax-Exempt Bond strategy invests in investment grade municipal bonds with a core holding of bonds that are insured or escrowed and have an AAA/Aaa rating.The firm's Convertible High Yield strategy seeks to provide high total returns from income-producing securities with the potential for capital appreciation. The strategy invests in convertible corporate bonds and convertible preferred stocks of publicly-traded companies. Pinnacle Holdings includes publicly-traded MLPs in this strategy since they are high yield securities with growth potential. The firm also manages investments in MLPs on a separate account basis.The firm's Blue Chip investment strategy seeks to provide returns similar to the Dow Jones Industrials. This strategy has very low turnover and low transaction costs.Pinnacle Holdings' Small-Cap Value strategy seeks to provide returns consistent with the long-term historical average of small company stocks.

Recent Transactions
Details Hidden

MidWestOne Financial Group, Inc. purchases ATBancorp

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MidWestOne Financial Group, Inc. issued USD Common Stock

Details Hidden

Citizens Community Bancorp, Inc. (Wisconsin) purchases Central Bank /Stillwater Mn/ /Two Branches from MidWestOne Financial Group, Inc.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onMidWestOne Financial Group, Inc. purchases Central Bancshares, Inc. (Minnesota)

Legal Advisor

Advised onMidWestOne Financial Group, Inc. purchases Central Bancshares, Inc. (Minnesota)

Legal Advisor

Advised onMidWestOne Financial Group, Inc. issued USD Common Stock

Associate

Advised onMidWestOne Financial Group, Inc. purchases Central Bancshares, Inc. (Minnesota)

Associate

Advised onMidWestOne Financial Group, Inc. purchases Central Bancshares, Inc. (Minnesota)

Legal Advisor

Advised onMidWestOne Financial Group, Inc. purchases ATBancorp

Advisors & Consultants
Advisor

Former Chief Operating Officer at MidWestOne Financial Group, Inc.

Key Stats and Financials As of 2020
Market Capitalization
$436M
Total Enterprise Value
$769M
Earnings Per Share
$0.41
Revenue
$223M
Enterprise Value / Sales
3.44x
TEVNet Income
116.13x
Debt TEV
0.57x
Total Debt
$439M
Total Equity
$515M
Net Profit
$6.62M
Three Year Compounded Annual Growth Rate Of Revenue
16.39%
Investors
Details Hidden

Former Senior Vice President & Manager at United California Bank (Los Angeles, California) (Old)

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Newgen Software Technologies Ltd. Management Consulting | New Delhi, India

Newgen Software Technologies Ltd. engages in the provision of software development products. The company offers services relating to enterprise content management, business process management, and customer communication management. It operates through the following geographical segments: India; Europe, Middle East, and Africa; Asia Pacific; and United States of America. The company was founded by Diwakar Nigam and T.S. Varadarajan in 1992 and is headquartered in New Delhi, India.

Competitors
Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

U.S. Bancorp Retail & Commercial Banking - Minneapolis, MN

U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services. The company was founded on April 2, 1929 and is headquartered in Minneapolis, MN.

German American Bancorp, Inc. Retail & Commercial Banking - Jasper, IN

German American Bancorp, Inc. is a holding company, which engages in owning a trust, brokerage, and financial planning through German American Financial Advisors & Trust Co., and German American Insurance, Inc. It operates through the following business segments: Core Banking, Wealth Management Services, Insurance Operations, and Other. The Core Banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the local market of the company. The Wealth Management Service segment provides trust, investment advisory, retirement planning, and brokerage services to customers. The Insurance Operations segment offers a full line of personal and corporate insurance products. The Other segment refers to the primary differences between segment amounts and consolidated totals. The company was founded in 1982 and is headquartered in Jasper, IN.

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