MidWestOne Financial Group Board Appoints New Board Members

IOWA CITY, IA (May 7, 2024) – MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, is pleased to announce three new board members, two to our holding company Board of Directors and one to our Bank Board of Directors.

In April of 2023, MidWestOne communicated a compelling Strategic Plan designed to further our relationship driven approach to community banking, driven by talent and expertise, leading to meaningful impact for all our stakeholders.  These appointments will accelerate our progress to becoming a high performing organization.

“These three leaders bring outstanding, diverse strengths to our Board of Directors. Mr. Hartig and Dr. Ahmed’s knowledge of the healthcare industry, and their connectivity with the Dubuque and Iowa City communities respectively, will help lead our relationship driven operating model” said Charles Reeves, Chief Executive Officer, MidWestOne Financial Group, Inc. “Mr. Chaney’s deep financial and regulatory expertise at banks up to $25 billion will assist us greatly as we scale MidWestOne in the future.”

Azeemuddin Ahmed is joining the MidWestOne Financial Group, Inc. and MidWestOne Bank board of directors and is a Clinical Professor of Emergency Medicine at the University of Iowa, Executive Vice Chair at the University of Iowa Department of Emergency Medicine, and the Medical Director of Kinnick Stadium and Carver Hawkeye Arena. In his role as the Executive Vice Chair, he is engaged in all aspects of departmental administration, including areas of focus such as: faculty recruitment, development, and compensation, clinical innovation, as well as strategic planning. Dr. Ahmed is an active researcher, and also provides seminars on negotiation strategies and tactics to a variety of business and health care organizations regionally and nationally. Dr. Ahmed received his bachelor’s degree from Augustana College, his MD from Carver College of Medicine at the University of Iowa, and his MBA from Tippie College of Business at the University of Iowa.

Carl J. Chaney is joining the MidWestOne Financial Group, Inc. and MidWestOne Bank board of directors and is Chairman of Chaney Investments. He previously served as Chairman of the Board of Beach Community Bank until December 2022, and is the former President & CEO of Hancock Whitney Corporation. Mr. Chaney has over 35 years of experience in the banking industry, where he began his career serving as a Bank Regulatory/M&A Partner with a large southeastern regional law firm. Mr. Chaney serves as an instructor at the Graduate School of Banking at Louisiana State University in Baton Rouge, the Alabama Banking School and the Mississippi School of Banking. In addition, he currently serves on the board of JTS Capital Group, which is headquartered in Waco, Texas, and has previously served on a variety of boards, including the Federal Reserve Bank of Atlanta - New Orleans branch, Allen & Company, and the Mississippi Power Company (part of the Southern Company). Mr. Chaney is an honor graduate holding a BBA in Banking and Finance from the University of Mississippi and a Juris Doctorate from the University of Mississippi School of Law.

Wesley K. Hartig is joining the MidWestOne Bank board of directors and is Chief Executive Officer of MedOne Pharmacy Benefit Solutions, a pharmacy benefits firm, located in Dubuque, Iowa.  Prior to his current role, Mr. Hartig worked at Martin Ventures, a healthcare technology-focused venture capital firm.  Additional experience includes 5+ years at Fifth Third Bank, where in his role he regularly screened new deal opportunities through financial modeling, due diligence, comparable valuation analysis, capital structure analysis, and term sheet preparation.  Mr. Hartig graduated Summa Cum Laude from the University of Dayton with a B.S. in Finance and Entrepreneurship and a minor in Marketing.

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, Florida, 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”.