Federal Reserve Board announces approval of application by MidWestOne Financial Group, Inc
May 24, 2022 at 06:35 am EDT
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Federal Reserve Board announces approval of application by MidWestOne Financial Group, Inc.
The Federal Reserve Board on Monday announced its approval of the application by MidWestOne Financial Group, Inc., Iowa City, Iowa, to merge with Iowa First Bancshares Corp., and thereby indirectly acquire First National Bank of Muscatine, both of Muscatine, Iowa, and First National Bank in Fairfield, Fairfield, Iowa.
Attached is the Board's order relating to this action.
For media inquiries, please email media@frb.gov or call 202-452-2955.
MidWestOne Financial Group, Inc. (MidWestOne) is a financial holding company. MidWestOne is the parent company of MidWestOne Bank (the Bank), which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne provides electronic delivery of financial services through its Website, MidWestOne.bank. The Bank is focused on delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. The Bank also provides deposit products, including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. Complementary to its loan and deposit products, the Bank also provides products and services, including treasury management, Zelle, online and mobile banking, credit and debit cards, ATMs, and safe deposit boxes. The Bank also has a trust department and an investment services department.