MidWestOne Financial Group, Inc. Completes Acquisition of Denver Bankshares, Inc.
Acquiring Company
MidWestOne Financial Group
Acquired Company
Denver Bankshares
The University Of IowaDenverFinancial ServicesFinanceLendingBankingBankingDescription
MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, has completed the acquisition of Denver Bankshares, Inc. (DNVB), including its subsidiary Bank of Denver. The acquisition was completed on January 31, 2024, for a total deal consideration of $32.6 million in cash. With the addition of DNVB, MidWestOne’s pro forma total assets would be approximately $6.7 billion.
Quick answer
MidWestOne Financial Group is acquiring Denver Bankshares, announced February 2, 2024. MidWestOne Financial Group is based in The University Of Iowa, Iowa, United States.
- How much did MidWestOne Financial Group pay for Denver Bankshares?
- The deal value was not disclosed.
- What does MidWestOne Financial Group do?
- MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa.
- Where are MidWestOne Financial Group and Denver Bankshares based?
- MidWestOne Financial Group is based in The University Of Iowa, Iowa, United States. Denver Bankshares is based in Denver, Colorado, United States.
Source: Fundz verified event record.
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Who to call at MidWestOne Financial Group, and when
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Frequently asked
Who acquired Denver Bankshares?
Denver Bankshares was acquired by MidWestOne Financial Group, based in The University Of Iowa. The deal was reported on February 2, 2024. MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne Financial Group is privately held and operates in Financial Services.
When did MidWestOne Financial Group acquire Denver Bankshares?
MidWestOne Financial Group's acquisition of Denver Bankshares was reported on February 2, 2024. MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, has completed the acquisition of Denver Bankshares, Inc. (DNVB), including its subsidiary Bank of Denver. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Denver Bankshares do?
Denver Bankshares, Inc. is the parent company of the Bank of Denver. It operated as a financial institution in the Denver, Colorado area. It is privately held, operating in Banking, and is based in Denver.
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