MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Files An 8-K Other EventsItem 8.01. Other Events.
On October 16, 2018, the board of directors of the Company declared a cash dividend of $0.195 per share payable on December 17, 2018, to shareholders of record as of the close of business on December 1, 2018.
Also on October 16, 2018, the Board of Directors of the Company approved a new share repurchase program, allowing for the repurchase of up to $5.0 million of common stock through December 31, 2020. The new repurchase program replaces the Company’s prior repurchase program, to which the Company had repurchased 33,998 shares of common stock for approximately $1.1 million since the plan was announced in July 2016. The prior program had authorized the repurchase of $5.0 million of stock and was due to expire December 31, 2018. A press release announcing the Company’s dividend and new stock repurchase program is attached as Exhibit 99.1
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.Description
|
MidWestOneFinancial Group, Inc. Press Release dated October17, 2018. |
MidWestOne Financial Group, Inc. ExhibitEX-99.1 2 a10-17x18dividendstockrepu.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NEWS RELEASE FOR IMMEDIATE RELEASEContact: Date: October 17,…To view the full exhibit click here
About MidWestOne Financial Group, Inc. (NASDAQ:MOFG)
MidWestOne Financial Group, Inc. is a bank holding and financial holding company. The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located. Its deposit products include checking and other demand deposit accounts, negotiable order of withdrawal accounts, savings accounts, certificates of deposit, individual retirement accounts, non-interest-bearing demand deposits and money market accounts. MidWestOne Bank and Central Bank offer commercial and industrial, agricultural, real estate mortgage and consumer loans. Other products and services include debit cards, automated teller machines, online banking, mobile banking and safe deposit boxes. The principal service consists of making loans to and accepting deposits from individuals, businesses, governmental units and institutional customers.
