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Posted 07 February, 2022

MidWestOne Financial Group, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:MOFG in a 8-K filed on 07 February, 2022.


  On February 7, 2022, MidWestOne Financial Group, Inc. (the "Company") announced that, effective in 2022, Charles N. Funk will retire from his roles as Chief Executive Officer of the Company and its wholly owned subsidiary, MidWestOne Bank (the "Bank").  

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Overview of MidWestOne Financial Group, Inc.
Financial Services • Banking
MidWestOne Financial Group, Inc. is a financial holding company, 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.
Market Cap
$347M
View Company Details
MidWestOne Financial Group, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 7, 2022, MidWestOne Financial Group, Inc. (the "Company") announced that, effective in 2022, Charles N. Funk will retire from his roles as Chief Executive Officer of the Company and its wholly owned subsidiary, MidWestOne Bank (the "Bank"). Upon his retirement, Mr. Funk will continue to serve as a director of each of the Company and the Bank, subject to their respective nominating policies and procedures and election by the stockholders. 


The Company has engaged an executive search firm to identify and evaluate potential successors to the Chief Executive Officer position for the Company and the Bank. Both internal and external candidates will be considered, and Mr. Funk will work with the search firm to ensure the successful identification of, and transition duties to, a successor.