Home Business & Finance Enterprises MidWestOne Bank Completes Two Mergers

MidWestOne Bank Completes Two Mergers

Having received all necessary regulatory approvals, the merger transaction between First National Bank in Fairfield and MidWestOne Bank is complete. This merger broadens MidWestOne’s banking footprint in its home state of Iowa and the important Jefferson County Seat of Fairfield. The additional investment affirms MidWestOne’s commitment to Fairfield and its growth.

Effective July 25, First National Bank will become MidWestOne Bank. MidWestOne is contacting First National customers detailed information about the enhancements to products and services, banking hours, and other benefits to begin on July 25. In connection with the completion of this merger, MidWestOne concluded that the First National Bank in Fairfield facility provides service advantages to its customers over its existing MidWestOne offices, including drive-through and ATM services, handicap accessibility, and additional parking.

Therefore, MidWestOne Bank will consolidate its two existing MidWestOne locations into the current First National Bank offices at 100 East Burlington Ave. as it becomes MidWestOne Bank. The current MidWestOne Bank at 58 East Burlington Ave. will close on July 21, 2022, and open for business across the street at 100 East Burlington Ave. on July 25, 2022. The MidWestOne Bank at 2408 West Burlington Ave., just 1.5 miles from the Main office, will close permanently on August 25.

Having received all necessary regulatory approvals, the merger transaction between First National Bank of Muscatine and MidWestOne Bank has been completed. This merger broadens MidWestOne’s banking footprint in its home state of Iowa and creates an exciting new future in Muscatine.

With nearly 40 years of banking experience in Muscatine, First National Bank Chief Operating Officer M. Wayne Johanson has been appointed MidWestOne Bank Muscatine Market President to lead the team forward.

Effective September 12, First National Bank will become MidWestOne Bank. Beginning August 1, MidWestOne will mail and e-mail First National customers detailed information about the enhancements to products and services, banking hours, and other benefits to begin in September of this year.

Julien’s Journal, the Dubuque area lifestyle magazine, is a monthly regional feature magazine for and about Dubuque and the tri-state region.

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