1055 University Ave, Dubuque, IA 52001
Facebook Twitter RSS Feed Email Delays and Cancellations Listen Live

American Trust, MidWest One Merger Receives Shareholder Approval

The proposed buyout of a Dubuque-based bank has cleared another hurdle. Shareholders of both American Trust and Savings Bank and MidWest One Bank have approved MidWest One’s planned takeover of American Trust. The two institutions announced the merger late last summer. The move has already received regulatory approval and is now expected to be completed sometime this spring. A news release sent out this morning also notes that three American Trust executives will move into leadership roles at MidWest One. Kevin Raisbeck, the CEO of Cuba City-based American Bank and Trust, which is an American Trust subsidiary, will also move into the MidWest One leadership structure. The combined company will have a total of more than $4.7 billion in assets and will serve customers at more than sixty branches in five states.

Print Friendly, PDF & Email