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.
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