MidWestOne Financial Group completed the acquisition of Iowa First Bancshares for $47m.

MidWestOne Financial Group, a financial holding company, completed the acquisition of Iowa First Bancshares, the parent company of First National Bank of Muscatine and First National Bank in Fairfield, for $47m. “First National customers will be pleased with the additional products, services, and new technology platforms that they will soon have access to. We have joined together like-minded community banks in Iowa. Our teams are looking forward to working together," Wayne Johanson, First National Bank CEO.