MidWestOne Financial Group, Inc. Completes Acquisition of Denver Bankshares, Inc.
MidWestOne Financial Group, Inc. (MOFG)
Last midwestone financial group, inc. earnings: 4/30 04:05 pm
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Source: GlobeNewswire
IOWA CITY, Iowa, Feb. 02, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank (the “Bank”), today announced the completion of its acquisition of Denver Bankshares, Inc. (“DNVB”), parent company of the Bank of Denver, effective January 31, 2024. Immediately following completion of the acquisition, the Bank of Denver was merged with and into the Bank. Under the terms of the merger agreement, DNVB shareholders received $462.42 in cash in exchange for each share of DNVB stock. The value of the total deal consideration was $32.6 million. With the addition of DNVB, on a pro forma basis, MidWestOne would have total assets of approximately $6.7 billion, total loans held for investment of $4.3 billion, and total deposits of $5.6 billion as of December 31, 2023 (unaudited and excluding acquisition accounting adjustments). MidWestOne received financial advisory services from Piper Sandler & Co., and Bara
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MOFG
Earnings
- 4/25/24 - Miss
MOFG
Sec Filings
- 4/26/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/12/24 - Form 8-K
- MOFG's page on the SEC website