MUSCATINE, Iowa–First National Bank of Muscatine has officially converted to MidWestOne Bank effective Sept. 12. This merger broadens MidWestOne’s banking footprint in its home state of Iowa and creates an exciting new future in Muscatine.
As First National Bank becomes MidWestOne Bank, President and Chief Executive Officer Debra Lins steps down from her post, and with nearly 40 years of banking experience in Muscatine, M. Wayne Johanson becomes MidWestOne Bank Muscatine Market President to lead the team forward.
According to MidWestOne President, Chief Operating Officer, and Interim Chief Executive Officer Len Devaisher, “we are so pleased to have Wayne Johanson leading the expansion of our franchise into Muscatine as the market president. His knowledge of the community and the team combined with his over 35 years of experience position us well to continue to earn our customers’ trust and support a thriving Muscatine.”
Said Johanson, “our same quality and talented staff will continue to help with all of your banking needs, now just as we have in the past with additional enhanced and new products.”
Johanson also commented, “as part of the merger agreement, Iowa First Bancshares Corporation, the parent company of First National Bank, has made a $250,000 contribution to the MidWestOne Foundation to provide financial support for the arts, education, wellness, recreation, and civic services. This gift will help support our local communities into the future.”