MOFG - MidWestOne's Strategic Chess Move: From Florida Sands To Denver Peaks With $32.6M Buyout | Benzinga
MidWestOne Financial Group Inc (NASDAQ: MOFG) penned a deal to acquire Denver Bankshares, Inc., the parent company for the Bank of Denver, for $32.6 million.
The all-cash transaction has been approved by the respective board of directors and is expected to close in Q1 2024.
The company plans to fund the buyout through the proceeds of the previously announced sale of its Florida operations.
Yesterday, MOFG disclosed a purchase and assumption deal to sell its ...