MidWestOne Announces Billions in Community Lending and Giving Commmitments

• Recommits $5.7 billion in lending programs.
• $5.5 million in local philanthropies and sponsorships.

IOWA CITY, Iowa (November 8, 2024) – MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (the “Company”), parent company of MidWestOne Bank (the “Bank”), today announced a series of ongoing community lending and giving initiatives. Over the next five years, MidWestOne has committed to $5.7 billion in consumer, mortgage, and commercial loans, and $5.5 million in local philanthropic support and sponsorships. For almost a century, MidWestOne has backed lending and giving initiatives in the communities they serve.

“Our community giving and lending programs have been foundational to MidWestOne for the last 90 years and will continue to be part of our DNA as we evolve and grow as an independent, community bank,” said Chip Reeves, Chief Executive Officer, MidWestOne Financial Group, Inc. “Our vision, to be the preeminent relationship-driven community bank where our expertise and proactive approach generate meaningful impact for our stakeholders, means building up the communities we serve. If they succeed, we succeed.”

 “Our culture of supporting local families and businesses is integral to our values. To be trusted year after year to provide much needed financial support to our communities and customers is a responsibility we don’t take lightly,” said Len Devaisher, President and Chief Operating Officer of MidWestOne Financial Group, Inc. “In addition, our employees are committed to the communities we serve and consistently give back with their time. That is a key part of our culture.”

In addition to the monetary giving and lending initiatives, MidWestOne employees have donated over 5,000 volunteer hours through the 3^rd quarter. In celebration of the company’s 90^th anniversary, October 8 was the inaugural MidWestOne Community Day where the company closed at 12:00 p.m., and 636 employees volunteered across the communities where they live and work, gathering an additional 2,144 volunteer hours in one day. MidWestOne Community Day will be an annual event.

The bank’s giving and lending efforts will remain a top priority as the company continues to grow its geographic footprint and invest to expand its banking solutions and services.

About MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, and Colorado. MidWestOne provides electronic delivery of financial services through its website, MidWestOne.bank. MidWestOne Financial Group, Inc. trades on the Nasdaq Global Select Market under the symbol “MOFG”.

Media Contact:

Elda Macias, Senior Vice President and Chief Marketing Officer
MidWestOne Bank
(763) 512-2583
EMacias@midwestone.com