| MOFG Description: MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank and Central Bank that provide commercial and retail banking products and services. The company accepts deposit products, including noninterest and interest bearing demand deposits, checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and other time deposits. Its loan portfolio comprises commercial and industrial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of equipment; agricultural loans, such as loans made to finance agricultural production, and other loans to farmers and farming operations; real estate construction loans; commercial and residential real estate loans; residential, commercial, and agricultural mortgage loans; and consumer loans comprising personal and automobile loans. The company also offers trust and investment services, which comprise administering estates, personal trusts, conservatorships, pension, and profit-sharing funds; and providing property management, farm management, investment advisory, retail securities brokerage, financial planning, and custodial services. In addition, it provides investment-related services, such as securities trading, financial planning, mutual funds sales, fixed and variable annuities, and tax-exempt and conventional unit trusts. Further, the company offers property and casualty insurance products; and debit cards, automated teller machines, on-line banking, mobile banking, and safe deposit boxes. The company serves individuals, businesses, governmental units, and institutional customers in the United States. It operates 24 branch locations and a specialized home mortgage center in 15 counties throughout central and east-central Iowa. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa. |
