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HISTORY

On the heels of the Great Depression, MidWestOne was built on the principles of care and integrity - to which we still adhere today. From the beginning our goal was to "take care of our customers and those that should be" by being a true partner to our customers and the communities we serve.

1934:

A Legacy Begins  

Driven to make an impact in his community, "Grandpa" Ben S. Summerwill accepted the position of President at Iowa State Bank & Trust - later operating under the name MidWestOne

For more than 65 years, the role of the Bank's President was filled by a member of the Summerwill family.

1934
"Grandpa" Ben S. Summerwill
President 1934 - 1953

1953
W.W. ("Bill") Summerwill
President 1953 - 1969

1969
Ben E. Summerwill
President 1969 - 1978

1978
W.R. ("Dick") Summerwill
President 1978 - 2001

1983 - 1998

1983
ISB Financial Corp is incorporated

1998
ISB Financial Group acquires First State Bank, Conrad

Original Iowa State Bank & Trust Lobby Photo.
Circa 1934

2001

Charles "Charlie" N. Funk is appointed President and CEO, Dick Summerwill is appointed Chairman of the Board.

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2008

Iowa State Bank and Trust merges with MidWestOne Bank.

ISB Financial Corp changes its name to MidWestOne Financial Group

2016 - 2022:

A Season of Growth

2016
Central Bank merges into MidWestOne

2017
First Denver location is added

2019
AT Bancorp and banks are acquired by MidWestOne Financial Group

2022
Iowa First Bancshares Corp. is acquired by MidWestOne Financial Group

2022

Charles N. (Chip) Reeves is appointed CEO of MidWestOne Bank.

 

"The thing about a community bank is it makes the community better, not only because it gives financial gifts, but it insists on employees being involved in the community.
- Charlie Funk