MidWestOne Financial Group, Inc., through its subsidiaries, provides retail and commercial banking products and services. It offers demand deposits, savings accounts, money market accounts, and time certificates of deposit. The company also offers residential real estate loans, commercial loans, commercial real estate loans, agricultural loans, and construction and land development loans, as well as consumer loans, including financing automobiles and other consumer-oriented goods, and home equity lines of credit. In addition, it provides personal and corporate trust, employee benefit trust, and agency trust services; property and casualty insurance products; and retail brokerage and financial planning services. The company serves non-profit organizations, partnerships, small businesses, corporations, public entities, government agencies, and individuals. As of December 31, 2007, it operated in 12 counties with 19 offices in 13 communities in south central and eastern Iowa. The company is headquartered in Iowa City, Iowa.
In February the company began participating in the Treasury Department’s capital Purchase Program. Under the program the company received $16 million in exchange for shares of preferred stock.
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Bailout Bank Bio: MidWestOne Financial Group
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Federal Equity Investment |
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Total Revenue |
$82.8 million (2008) |
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Net Income |
-$24.6 million (2008) |
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Number of Employees |
411 |
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Corporate Headquarters |
Iowa City, Iowa |
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Business Sector |
Bank |
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Officers and Directors |
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Corporate Website |
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Executive Compensation |
No federal contracts located.
No lobbying reports located.
Center for Responsive Politics
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Last Updated May 29, 2009
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