M&A Deal Summary

MidWestOne Bank Acquires ATBancorp

On August 22, 2018, MidWestOne Bank acquired financial services company ATBancorp for 170M USD

Acquisition Highlights
  • This is MidWestOne Bank’s 1st transaction in the Financial Services sector.
  • This is MidWestOne Bank’s largest (disclosed) transaction.
  • This is MidWestOne Bank’s 1st transaction in the United States.
  • This is MidWestOne Bank’s 1st transaction in Iowa.

M&A Deal Summary
Date 2018-08-22
Target ATBancorp
Sector Financial Services
Buyer(s) MidWestOne Bank
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

ATBancorp

Dubuque, Iowa, United States
ATBancorp, Inc. is a banking organization with assets in excess of approximately $1.4 billion serving nine communities through 17 banking facilities in Eastern and Central Iowa and Southwest Wisconsin.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

MidWestOne Bank

Iowa City, Iowa, United States
Category Company
Founded 1934
Sector Financial Services
Employees732
Revenue 163M USD (2023)
DESCRIPTION

MidWestOne Bank is a provider of electronic delivery of financial services through its website, MidWestOne.com. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne Bank was founded in 1934 and is based in Iowa City.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Iowa) 1 of 2
Country (United States) 1 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 First National Bank of Muscatine

Muscatine, Iowa, United States

Iowa First Bancshares Corp. was formed to serve as the bank holding company for First National Bank of Muscatine and First National Bank in Fairfield. Headquartered in Muscatine, Iowa, IOFB provides a wide array of banking and other financial services to individuals, businesses and governmental organizations through five banking offices in Iowa. Iowa First Bancshares Corp. was formed in 1984 and is based in Muscatine, Iowa.

Buy $48M
Mergr

Product

Company

Legal