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MidWestOne Financial Group board approves new buyback program

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MidWestOne Financial Group board approves new buyback program

MidWestOne Financial Group Inc.'s board on Aug. 20 approved a share repurchase program under which the company may buy back up to $10.0 million of common shares through Dec. 31, 2021.

The new program replaces the company's repurchase plan announced in October 2018.

Under the previous buyback program, the Iowa-based company had purchased 174,702 common shares for about $4.7 million since the plan was announced. The program authorized the repurchase of $5.0 million of common shares and was due to expire Dec. 31, 2020.