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Acquisition Of American Trust Complete

MidWestOne Financial Group based in Iowa City says it has completed the acquisition of a bank holding company in Dubuque. MidWestOne is now the owner of ATBancorp, which is the parent company of American Trust and Savings Bank in Dubuque and American Bank and Trust Wisconsin. A press release from American Trust says “immediately following completion of the acquisition, those banks were merged into MidWestOne Financial Group, a subsidiary of MidWestOne Bank. Over 40 bank positions in Dubuque will be gradually eliminated. The company now has assets valued at over 4.7 billion and 62 branch offices in Iowa, Wisconsin, Minnesota, Colorado and Florida.

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