MidWestOne Bank Adds Twin Cities-based Sponsor Finance Team

The addition strategically positions MidWestOne Bank to be a leader in community and commercial banking

IOWA CITY, Iowa, July, 2025 —  MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (the “Company”), parent company of MidWestOne Bank (the “Bank”), has introduced a Minnesota-based Sponsor Finance team. This service will expand on expertise, relationship banking and focused delivery to customers that MidWestOne is known for.

A Sponsor Finance vertical for the company introduces the opportunity to provide capital financing and banking solutions to private equity and family-office firms in the lower middle market. This expansion of services has come as a natural step for MidWestOne Bank after spending the last two years expanding product offerings and creating a sophisticated approach to commercial banking through specialty business lines like Commercial Real Estate, Agribusiness and Government Guaranteed Lending.

“The introduction of this team marks a pivotal step forward for our commercial strategy,” said Chase Stafford, Executive Vice President - Head of Commercial Banking at MidWestOne Bank. “Each of these individuals brings a strong track record in acquiring and expanding client relationships, but this specialty business line is more than just growth – it’s diversification with a purpose and strength for the future.”  

The new team, led by Nate Pearson, was carefully crafted to find individuals with sponsor finance skills and specializations who are a culture fit for MidWestOne Bank, prioritizing a relationship-driven approach. Their expertise and proactive approach will generate a meaningful impact for our stakeholders.  

“This team of talented bankers is very excited to represent the MidWestOne Bank flag in the marketplace, partnering with exceptional Sponsors to support their investments.  We feel fortunate to align with a strong bank and executive team to continue to execute on this strategy,” said Nate Pearson, MidWestOne Bank’s Senior Vice President – Director of Sponsor Finance.

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: Amie Strohman-Figley, VP Brand and Corporate Communications Office, MidWestOne Bank
Email: afigley@midwestone.com
Website: www.midwestone.bank/