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Midwestone Financial Group Inc (MOFG.OQ)

MOFG.OQ on NASDAQ Stock Exchange Global Select Market

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18 May 2018
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Summary

Name Age Since Current Position

Kevin Monson

66 2016 Independent Chairman of the Board

Charles Funk

63 President, Chief Executive Officer, Director

James Cantrell

58 2017 Interim Chief Financial Officer, Chief Investment Officer, Vice President, Treasurer

Mitchell Cook

53 2016 Senior Regional President - Minnesota and Wisconsin Markets

Kevin Kramer

51 2016 Chief Operating Officer

Kurt Weise

61 2015 Executive Vice President, Director

Kent Jehle

58 2008 Executive Vice President, Chief Credit Officer

Karin Taylor

50 2016 Senior Vice President, Chief Risk Officer

David Lindstrom

2018 Senior Vice President - Retail Banking

Richard Donohue

68 2008 Independent Director

Michael Hatch

70 2015 Independent Director

Tracy McCormick

57 2011 Independent Director

John Morrison

80 2016 Independent Director

Richard Schwab

66 2013 Independent Director

Ruth Stanoch

59 2015 Independent Director

Douglas True

68 2017 Independent Director

R. Scott Zaiser

57 2016 Independent Director

Biographies

Name Description

Kevin Monson

Mr. Kevin W. Monson serves as Independent Chairman of the Board of the Company. He served as the President, Managing Partner and the largest shareholder of Neumann Monson, Inc., an architectural services firm headquartered in Iowa City, from 1992 through 2017, and is currently the Chairman of the Board and a shareholder of Neumann Monson, Inc. He became a director of the Company and the Bank in 2005. Mr. Monson is also the majority partner in Tower Partners, a real estate investment partnership, and several other real estate investment corporations.

Charles Funk

Mr. Charles N. Funk is President, Chief Executive Officer, Director of the Company. He is the President and Chief Executive Officer of the Company and the Bank. He joined the Bank in these same roles in November 2000. Prior to that, he held positions as President and Central Region Manager and Chief Investment Officer for Brenton Bank-Des Moines. Mr. Funk has taught for the Colorado Graduate School of Banking in Boulder, Colorado, the Iowa School of Banking, and the Stonier Graduate School of Banking at Georgetown University. He has served on the board of Folience and the American Bankers Association and was the Chairman of the Iowa Bankers Association in 2010 and 2011. Mr. Funk graduated with a Bachelor’s degree from William Jewell College.

James Cantrell

Mr. James M. Cantrell is Chief Investment Officer, Vice President, Treasurer of the Company. He is no longer Interim Chief Financial Officer of the company June 4, 2018. He is Treasurer of the Bank. He has also served as the Interim Chief Financial Officer of both the Company and the Bank since December 2017. He joined the Company in his current positions, other than Interim Chief Financial Officer, in July 2009. Prior to joining the Bank, he had been with Provident Bank in Baltimore, Maryland, since 2008, where he served as Senior Vice President and Director of Treasury Operations. In that capacity, he was responsible for management of asset/liability activities, investment portfolio accounting, and derivative activity and compliance. Prior to that, he was employed as the Senior Vice President and Treasurer of Mercantile-Safe Deposit and Trust Company in Baltimore, Maryland, where he had been employed since 2001. Mr. Cantrell has a Bachelor’s degree in business and economics from Wittenberg University.

Mitchell Cook

Mr. Mitchell W. Cook is Senior Regional President - Minnesota and Wisconsin Markets of the Company. Prior to MidWestOne’s merger with Central, he served as the President and Chief Operating Officer of Central Bank since 2010. He began his career with Central in 2002 as a Commercial Lender. Prior to joining Central, Mr. Cook was involved in non-bank businesses in western Michigan, where he gained 15 years of experience in retail, wholesale distribution and manufacturing. Mr. Cook received his Bachelor's degree in economics from Colby College in Maine. Mr. Cook received his MBA in management information systems and strategic management from the Carlson School of Management at the University of Minnesota. He is also a graduate of the Graduate School of Banking in Madison, Wisconsin.

Kevin Kramer

Mr. Kevin E. Kramer is Chief Operating Officer of the Company. . He joined the Company in his current position in October 2016. Prior to joining the Company, he had been with Bank Midwest since 2011, where he served as Executive Vice President of Commercial Banking. In that capacity, he was responsible for commercial banking, business development and client relationship management. Prior to that, he was employed as the Senior Vice President and Director, Commercial Strategy and Administration at UMB Financial Corporation, where he had been employed since 1995. Mr. Kramer has a Bachelor's degree in business administration from Benedictine College.

Kurt Weise

Mr. Kurt R. Weise is Executive Vice President, Director of the Company. He is the retired Executive Vice President of the Company, a position he held from May 2015 upon completion of our merger with Central until December 2016. Mr. Weise joined the board of directors of Central in 1988, and he became a director of the Company and the Bank upon completion of our merger with Central in May 2015. Mr. Weise also served as the Chairman of the Board of Central Bank from 1994 until 2015 and as the President of Central from 1988 until 2015. In addition, Mr. Weise has served in various finance and banking roles with Mr. Morrison and certain of his associates since 1985. Mr. Weise received his Bachelor’s degree from Winona State University, and he is a Certified Public Accountant.

Kent Jehle

Mr. Kent L. Jehle is no longer Executive Vice President, Chief Credit Officer of the Company effective on September 1, 2018. He became the Company's Executive Vice President and Chief Credit Officer upon consummation of our merger with the former MidWestOne Financial in March 2008. Prior to that merger, Mr. Jehle had been serving as the Bank's Executive Vice President-Commercial Banking since 2004. He has been with the Company and the Bank since 1986.

Karin Taylor

Ms. Karin M. Taylor is Senior Vice President, Chief Risk Officer of the Company. Prior to the merger with Central, she served as the Chief Risk Officer of Central Bank since 2009. Prior to joining Central, she worked as a Director in the Risk Management Consulting practice at McGladrey. She has 25 years of experience in industry and consulting including management of various operational, lending and retail divisions, regulatory compliance, internal audit, process design and workflow management. Ms. Taylor received her Bachelor's degree from St. Olaf College.

David Lindstrom

Mr. David Lindstrom serves as Senior Vice President - Retail Banking of the Company. Lindstrom joins MidWest One after most recently serving nearly four years as the Market President of the Minneapolis-west market for BMO Harris Bank in Minneapolis. At BMO Harris, Lindstrom was responsible for retail, premier, and small business banking in various roles over the past six years. Prior to the acquisition by BMO Harris, Lindstrom spent twenty two years at M&I Bank in various roles to include corporate leader of retail banking and Senior Vice President in regional and district manager capacities. He brings significant experience to MidWest One Bank in the areas of retail leadership, business development and customer relationship management. Lindstrom is a graduate of University of Wisconsin, Madison, and currently resides in Minneapolis, Minnesota. He is on the Board of Directors of the Minneapolis Chamber of Commerce and Board of Directors, Minnesota Home Ownership Center.

Richard Donohue

Mr. Richard R. Donohue is an Independent Director of the Company. He is the former Managing Partner of TD&T CPAs and Advisors, P.C. in Cedar Rapids, Iowa, a certified public accounting firm in which he was involved in all phases of the practice. Mr. Donohue joined the board of directors of the former MidWestOne Financial in 1999. He became a director of the Company upon completion of our merger with the former MidWestOne Financial in March 2008. Mr. Donohue was appointed to the board of directors of the Bank in 2009.

Michael Hatch

Mr. Michael A. Hatch is an Independent Director of the Company. He has been employed as a trial and litigation attorney with Blackwell Burke P.A. since 2007. He became a director of the Company upon the completion of our merger with Central in May 2015. Among his prior experience, Mr. Hatch served as Minnesota’s Attorney General from 1999 to 2007, and he has served on the boards of a number of insurance companies. He earned his Bachelor’s degree from the University of Minnesota-Duluth and his Juris Doctorate from the University of Minnesota Law School.

Tracy McCormick

Ms. Tracy S. McCormick serves as Independent Director of the Company. She is is the Chief Financial Officer and a director of Mill Creek Development Company, an urban planning and development company in Pasadena, California. She currently serves on the board of Folience, a private company based in Cedar Rapids, Iowa. Her prior experience includes a career in investment banking with J.P. Morgan & Co., Incorporated in New York, Chicago, and Los Angeles. Ms. McCormick is the daughter of our former Chairman and current Director Emeritus, W. Richard Summerwill, and became a director of the Company in 2011 following his retirement from the board. She became a director of the Bank upon the completion of our merger with Central in May 2015. Ms. McCormick received a Bachelor’s degree in Economics and Communications from the University of Michigan and a M.Sc. in Economics from the London School of Economics and Political Science.

John Morrison

Mr. John M. Morrison is Independent Director of the Company. He is a director of the Company and served as the Chairman of the Board of the Company from May 2015 to April 2016, upon the completion of our merger with Central. He served as the Chairman of Central from 1988 until 2015. Mr. Morrison also serves as the Chairman of the University of St. Thomas. Among his prior experience, Mr. Morrison has also served as a director of three publicly-traded companies more than five years ago. Mr. Morrison received his Bachelor’s degree from the University of Minnesota and attended law school at LaSalle University. He received an honorary Doctor of Law degree from the University of St. Thomas.

Richard Schwab

Mr. Richard J. Schwab is Independent Director of the Company. He is a self-employed entrepreneur, angel fund investor, real estate investor and business owner, and is also a Certified Public Accountant. Mr. Schwab was a director of the Company from 2004 to 2008 and rejoined the board in July 2013, and has been a director of the Bank since 2004.

Ruth Stanoch

Ms. Ruth E. Stanoch is Independent Director of the Company. She became a director of the Company upon completion of our merger with Central in May 2015 and a director of the Bank in 2016. Among her prior experiences, in 2010, Ms. Stanoch served as the senior advisor to Minnesota's governor-elect, Mark Dayton, and from 1994 to 2007, was employed with Thomson Legal & Regulatory. Between 2010 and 2012, Ms. Stanoch also served on various committees of the Board of Directors of Archipelago Learning, Inc., a leading subscription-based online education company, which was a public company. She received her Bachelor's degree from the University of Minnesota, and was a policy fellow at the University of Minnesota's Humphrey Institute of Public Affairs.

Douglas True

Mr. Douglas K. True is Independent Director of the Company. He s the retired Senior Vice President for Finance and Operations and University Treasurer for the University of Iowa, positions he held from 1991 to 2016. Mr. True served as the chief financial officer of the University of Iowa and provided operational oversight and management direction for a broad range of non-academic units including human resources, facilities management and utilities. He also oversaw the operating and capital budgets of the University of Iowa with broad responsibility for financial management and controls of all university budgets. Mr. True received an MBA from Drake University.

R. Scott Zaiser

Mr. R. Scott Zaiser is Independent Director of the Company. He is the President of Zaiser's Landscaping, Inc. in Burlington, Iowa, which is a landscaping company specializing in the design and installation of landscaping for residential and commercial properties in southeastern Iowa and west central Illinois. Mr. Zaiser became a director of the former MidWestOne Bank in 2000 and became a director of the former MidWestOne in 2006. Mr. Zaiser was a director of the Company upon completion of our merger with the former MidWestOne, serving from 2008 to 2015. He resigned from the board in May 2015 as part of the restructuring of the board in conjunction with the merger with Central and was subsequently elected to the board in 2016. He was appointed to the board of directors of the Bank in 2011.

Basic Compensation