An area bank merger to report:
MidwestOne Financial Group…the parent company of MidwestOne Bank…is combining forces with Central Bank…which is based in Golden Valley, Minnesota. The new company will operate as separate banking subsidiaries and is expected to have nearly $3-billion in assets.
MidwestOne has branches in 25 Iowa communities…including Burlington and Ft. Madison…while Central operates 20 branches in the Twin-Cities area…western Wisconsin…and southwest Florida.
