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Underwriter fully exercises overallotment option in MidWestOne common offering

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Underwriter fully exercises overallotment option in MidWestOne common offering

The underwriter for MidWestOne Financial Group Inc.'s previously announced common stock offering fully exercised its overallotment option to buy an additional 250,000 shares.

The shares were issued at a public price of $34.25 per share, less customary underwriting discounts and commissions. The net proceeds from the overallotment option will be approximately $8.2 million.

Keefe Bruyette & Woods Inc., a Stifel Co., is the sole underwriter for the transaction.