M&A Deal Summary

MidWestOne Bank Acquires Bank of Denver

On September 27, 2023, MidWestOne Bank acquired financial services company Bank of Denver for 33M USD

Acquisition Highlights
  • This is MidWestOne Bank’s 3rd transaction in the Financial Services sector.
  • This is MidWestOne Bank’s 3rd largest (disclosed) transaction.
  • This is MidWestOne Bank’s 3rd transaction in the United States.
  • This is MidWestOne Bank’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-09-27
Target Bank of Denver
Sector Financial Services
Buyer(s) MidWestOne Bank
Deal Type Add-on Acquisition
Deal Value 33M USD
Advisor(s) Olsen Palmer
Woodward Partners Ltd. (Financial)

Target

Bank of Denver

Denver, Colorado, United States
Bank of Denver is a full-service financial institution that delivers personal service and financial products to customers and the local communities. Bank of Denver is based in Denver, Colorado.

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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 3 of 3
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-23 MidWestOne Bank s Naples and Fort Myers Banking Operations

Naples, Florida, United States

MidWestOne Bank's Naples and Fort Myers Banking Operations provides financial services to clients in Florida.

Sell -
Mergr

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