MidWestOne Financial Group to acquire Denver Bankshares for $32.6m.

MidWestOne Financial Group, a financial holding company, agreed to acquire Denver Bankshares, a provider of banking services, for $32.6m. “By reinvesting the proceeds from the sale of our Florida operations into the acquisition of Denver Bankshares, we are continuing to build the necessary critical mass in our Denver market, a large and core metropolitan market. This acquisition accelerates our growth in the region by three to four years. This additional scale in Denver will enable us to continue to recruit bankers and build upon our already strong momentum in this commercially and demographically attractive market,” Charles Reeves, MidWestOne Financial Group CEO.