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Posted 15 August, 2022

MidWestOne Financial Group, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:MOFG in a 8-K filed on 15 August, 2022.


  On August 12, 2022, MidWestOne Financial Group, Inc. (the "Company") announced that it has implemented the Company's established succession plan, pursuant to which Len D. Devaisher, 46, will serve as the interim Chief Executive Officer of the Company and MidWestOne Bank (the "Bank"), effective August 12, 2022, until further notice.  

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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 August 12, 2022, MidWestOne Financial Group, Inc. (the "Company") announced that it has implemented the Company's established succession plan, pursuant to which Len D. Devaisher, 46, will serve as the interim Chief Executive Officer of the Company and MidWestOne Bank (the "Bank"), effective August 12, 2022, until further notice. The Company announced this action because Charles N. Funk, the Company's Chief Executive Officer, will be recuperating following a serious bicycling accident. Mr. Devaisher will continue to serve in his roles as President and Chief Operating Officer of the Company and the Bank, positions he has held since 2020.