MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Files An 8-K Submission of Matters to a Vote of Security Holders

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.

On January 11, 2019, MidWestOne Financial Group, Inc. (“MidWestOne”) held a special meeting of shareholders, at which MidWestOne’s shareholders voted on a proposal to approve and adopt the Agreement and Plan of Merger, dated August 21, 2018, by and between MidWestOne and ATBancorp (“ATB”), to which ATB will merge with and into MidWestOne (the “Merger Proposal”), and on a proposal to approve the issuance of approximately 4,117,541 shares of MidWestOne common stock to ATB’s shareholders in connection with the merger. There were 12,222,145 shares of MidWestOne common stock issued and outstanding on the record date for the special meeting and entitled to vote at the special meeting, and 9,612,184 shares were represented in person or by proxy at the special meeting, which constituted a quorum.

The results of the vote on the Merger Proposal were as follows:

The results of the vote on the issuance of common stock in connection with the Merger Proposal were as follows:

The approval of the Merger Proposal required the affirmative vote of the holders of a majority of the votes entitled to be cast on the proposal. The approval of the issuance of common stock required the affirmative vote of a majority of the shares of MidWestOne common stock represented in person or by proxy at the special meeting. Accordingly, the Merger Proposal and the issuance of common stock were approved.

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.