Page 2 - MidWestOne Bank

Fast facts about the merger- Central bank and MidWestOne Bank

• The combined company has nearly $3 billion in assets, creating one of the

premier publicly traded financial services companies in Iowa and
Minnesota.
• The corporate headquarters of the combined company will be in Iowa City,

Iowa.
• The combined bank will have a total of 44 locations serving the greater

Twin Cities metropolitan, Western Wisconsin, Eastern Iowa and Southwest
Florida.
• Charles N. Funk continues to be the President and Chief Executive Officer of

MidWestOne. John M. Morrison, Central’s Chairman and sole shareholder,
has become the Chairman of the combined company’s board of directors,

while Kevin W. Monson, MidWestOne’s Chairman, has become Vice
Chairman of the combined company’s board.
• Under terms of the definitive merger agreement, the aggregate

consideration to be paid by MidWestOne for Central consisted of 2,723,083
shares of MidWestOne common stock and $64 million in cash.

Milestone dates

April 2, 2016 – Central Bank will change its name to MidWestOne Bank. The signs
will change, the website will become MidWestOne.com, and

MidWestOne policies and disclosures will be in place.

January 16, 2016 – Product offerings and schedule of fees were aligned at both

banks.

May 1, 2015 – MidWestOne Financial Group, Inc. (NASDAQ: MOFG) announced it

completed its merger with Central Bancshares, Inc., parent of Central Bank.