M&A · Financials · Buyer's industry: State Commercial Banks
MidWestOne Financial Group, Inc. to acquire Iowa First Bancshares Corp.
Announced Nov 1, 2021 · Closed Jun 9, 2022 · Private target
Deal value$48M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- MidWestOne Financial Group, Inc. (MOFG)
- Target
- Iowa First Bancshares Corp.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Jun 9, 2022
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Piper Sandler
- To the target
- Hovde Group
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks