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director, officer: President and CEO until August 15th, 2013
MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: January 16, 2019 Charles N. Funk Barry S. Ray President & CEO Sr. VP & CFO 319.356.5800 319.356.5800 (January 16th, 2019)

Iowa City, IA (January 16, 2019) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced that on January 15, 2019 the Company's Board of Directors declared a cash dividend of $0.2025 per common share, which is a 3.8% increase from the dividend paid in each of the previous two quarters. The dividend is payable on March 15, 2019 to shareholders of record at the close of business on February 28, 2019. At this quarterly rate, the indicated annual cash dividend is equal to $0.81 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: October 17, 2018 Charles N. Funk Barry S. Ray President & CEO Sr. VP & CFO 319.356.5800 319.356.5800 (October 17th, 2018)

Iowa City, IA (October 17, 2018) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced that on October 16, 2018, the Company's Board of Directors declared a cash dividend of $0.195 per common share, which is the same as the dividend paid in the three prior quarters. The dividend is payable December 17, 2018 to shareholders of record at the close of business on December 1, 2018. At this quarterly rate, the indicated annual cash dividend is equal to $0.78 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Barry S. Ray Steven Carr President & CEO Sr. VP & CFO Dresner Corporate Services 319.356.5800 319.356.5800 312.726.3600 (July 26th, 2018)

Iowa City, Iowa, July 26, 2018 - MidWestOne Financial Group, Inc. (Nasdaq - MOFG) today reported its financial results for the three and six months ended June 30, 2018. The Company had net income for the second quarter of 2018 of $8.2 million compared with net income of $7.2 million for the same period last year, an increase of $1.0 million, or 12.7%. Both basic and diluted earnings per share were $0.67 for the second quarter of 2018 compared with $0.59 per share for the second quarter of 2017.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: July 18, 2018 Charles N. Funk Barry S. Ray President & CEO Sr. VP & CFO 319.356.5800 319.356.5800 (July 18th, 2018)

Iowa City, IA (July 18, 2018) -- Larry D. Albert, retired Executive Vice President of MidWestOne Financial Group, Inc. (Nasdaq: MOFG), was appointed as a member of the Board of Directors on July 17, 2018, effective upon the retirement of Mr. John Morrison from the Board, which is expected to occur on or about October 1, 2018. Mr. Albert currently serves on the board of MidWestOne Bank.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: June 11, 2018 Charles N. Funk President & CEO 319.356.5800 (June 11th, 2018)

IOWA CITY, IA (June 11, 2018) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced the hiring of Gary L. Sims as Senior Vice President - Credit Administration, and he will begin his employment with the Company and MidWestOne Bank, the Company’s subsidiary bank (the “Bank”), on June 25, 2018. Mr. Sims will succeed Kent L. Jehle in the position of Chief Credit Officer of the Company and the Bank, effective upon Mr. Jehle's previously announced retirement, which will be on September 1, 2018. MidWestOne Financial Group and MidWestOne Bank, effective upon Mr. Jehle's previously announced retirement, which has an effective date of September 1, 2018. Mr. Sims joins MidWestOne after serving six years as Chief Credit Officer of NHB Bank, a subsidiary of National Bank Holding Corporation, located in Greenwood Village, Colorado.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: May 4, 2018 Charles N. Funk President & CEO 319.356.5800 (May 4th, 2018)

IOWA CITY, IA (May 4, 2018) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced the appointment of Barry S. Ray as Chief Financial Officer of MidWestOne Financial Group and MidWestOne Bank. Mr. Ray joins MidWestOne after serving twelve years as Chief Accounting Officer and Controller of Columbia State Bank, a subsidiary of Columbia Banking Systems, Inc., located in Tacoma, Washington.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk James M. Cantrell Steven Carr President & CEO VP & Interim CFO Dresner Corporate Services 319.356.5800 319.356.5800 312.726.3600 (April 26th, 2018)

Iowa City, Iowa, April 26, 2018 - MidWestOne Financial Group, Inc. (Nasdaq - MOFG) today reported its financial results for the three months ended March 31, 2018. The Company had net income for the first quarter of 2018 of $7.8 million compared with net income of $6.7 million for the same period last year, an increase of $1.1 million, or 16.1%. Both basic and diluted earnings per share were $0.64 for the first quarter of 2018 compared with $0.58 per share for the first quarter of 2017.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: April 20, 2018 Charles N. Funk James M. Cantrell President & CEO VP & Interim CFO 319.356.5800 319.356.5800 (April 20th, 2018)

Iowa City, IA (April 20, 2018) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on April 19, 2018, the Company's Board of Directors declared a cash dividend of $0.195 per common share, which is the same as the dividend paid in the prior quarter. The dividend is payable June 15, 2018 to shareholders of record at the close of business on June 1, 2018. At this quarterly rate, the indicated annual cash dividend is equal to $0.78 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk James M. Cantrell Steven Carr President & CEO VP & Interim CFO Dresner Corporate Services 319.356.5800 319.356.5800 312.726.3600 (January 25th, 2018)

Iowa City, Iowa, January 25, 2018 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three months and year ended December 31, 2017. The Company had a net loss for the fourth quarter of 2017 of $1.6 million compared with net income of $3.9 million for the same period last year, a decrease of $5.5 million, or 141.1%. Both basic and diluted earnings per share were $(0.13) for the fourth quarter of 2017 compared with $0.34 per share for both for the fourth quarter of 2016.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: January 18, 2018 Charles N. Funk James M. Cantrell President & CEO VP & Interim CFO 319.356.5800 319.356.5800 (January 18th, 2018)

Iowa City, IA (January 18, 2018) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced that on January 17, 2018 the Company's Board of Directors declared a cash dividend of $0.195 per common share, which is a 15% increase from the dividend paid in each of the previous two quarters. The dividend is payable on March 15, 2018 to shareholders of record at the close of business on March 1, 2018. At this quarterly rate, the indicated annual cash dividend is equal to $0.78 per common share.

MidWestOne Financial Group, Inc. – 2 1404730.v3 and a reduction in net earnings; (2) our management’s ability to reduce and effectively manage interest rate risk and the impact of interest rates in general on the volatility of our net interest income; (3) changes in the economic environment, competition, or other factors that may affect our ability to acquire loans or influence the anticipated growth rate of loans and deposits and the quality of the loan portfolio and loan and deposit pricing; (4) fluctuations in the value of our investment securities; (5) governmental monetary and fiscal policies; (6) legislative and regulator (December 18th, 2017)
MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Katie A. Lorenson Steven Carr President & CEO Sr.VP & CFO Dresner Corporate Services 319.356.5800 763.545.9005 312.726.3600 (October 26th, 2017)

Iowa City, Iowa, October 26, 2017 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three and nine months ended September 30, 2017. Net income for the third quarter of 2017 totaled $6.3 million compared with $6.2 million for the same period last year, an increase of $0.1 million, or 1.9%. Both basic and diluted earnings per share were $0.52 for the third quarter of 2017 compared with $0.54 per share for both for the third quarter of 2016.

MidWestOne Financial Group, Inc. – EMPLOYMENT AGREEMENT (October 18th, 2017)

This Employment Agreement (“Agreement”) is made and entered into as of October 18, 2017 (the “Effective Date”), by and between MidWestOne Financial Group, Inc. (the “Company”) and Charles N. Funk (“Executive,” and together with the Company, the “Parties”).

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: October 11, 2017 Charles N. Funk Katie A. Lorenson President & CEO Sr. VP & CFO 319.356.5800 763.545.9005 (October 11th, 2017)

Iowa City, IA (October 11, 2017) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on October 10, 2017 the Company's Board of Directors declared a cash dividend of $0.17 per common share, which is the same as the dividend paid last quarter. The dividend is payable December 15, 2017 to shareholders of record at the close of business on December 1, 2017. At this quarterly rate, the indicated annual cash dividend is equal to $0.68 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Katie A. Lorenson Steven Carr President & CEO Sr.VP & CFO Dresner Corporate Services 319.356.5800 763.545.9005 312.726.3600 (July 27th, 2017)

Iowa City, Iowa, July 27, 2017 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three and six months ended June 30, 2017. Net income for the second quarter of 2017 totaled $7.2 million compared with $4.8 million for the same period last year, an increase of $2.5 million, or 52.1%. Both basic and diluted earnings per share were $0.59 for the second quarter of 2017 compared with $0.42 per share for both for the second quarter of 2016.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: July 17, 2017 Charles N. Funk Katie A. Lorenson President & CEO Sr. VP & CFO 319.356.5800 763.545.9005 (July 17th, 2017)

Iowa City, IA (July 17, 2017) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on July 14, 2017 the Company's Board of Directors declared a cash dividend of $0.17 per common share, which is a 3% increase from the dividend paid each of the previous two quarters. The dividend is payable September 15, 2017 to shareholders of record at the close of business on September 1, 2017. At this quarterly rate, the indicated annual cash dividend is equal to $0.68 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Katie A. Lorenson Steven Carr President & CEO Sr.VP & CFO Dresner Corporate Services 319.356.5800 763.545.9005 312.726.3600 (April 27th, 2017)

Iowa City, Iowa, April 27, 2017 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three months ended March 31, 2017. Net income for the first quarter of 2017 totaled $6.7 million, compared with $5.5 million for the same period last year. Both basic and diluted earnings per share were $0.58 for the first quarter of 2017, compared with $0.49 and $0.48 per share, respectively, for the first quarter of 2016.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: April 21, 2017 Charles N. Funk Katie A. Lorenson President & CEO Sr.VP & CFO 319.356.5800 763.545.9005 (April 21st, 2017)

Iowa City, IA (April 21, 2017) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on April 20, 2017, the Company's Board of Directors declared a cash dividend of $0.165 per common share, which is the same as the dividend paid in the prior quarter. The dividend is payable June 15, 2017 to shareholders of record at the close of business on June 1, 2017. At this quarterly rate, the indicated annual cash dividend is equal to $0.66 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE (April 6th, 2017)

Iowa City, Iowa, April 6, 2017 — MidWestOne Financial Group, Inc. (“MidWestOne”) (NASDAQ: MOFG), the parent company of MidWestOne Bank, announced today that the underwriter of its previously announced public offering has exercised in full its over-allotment option to purchase an additional 250,000 shares of the MidWestOne’s common stock at the public offering price of $34.25 per share, less customary underwriting discounts and commissions. The additional shares were delivered to the underwriter on April 6, 2017. The net proceeds from the exercise of the over-allotment option, after underwriting discount, will be approximately $8.22 million.

MidWestOne Financial Group, Inc. – NEWS RELEASE (March 17th, 2017)

Iowa City, Iowa, March 17, 2017 — MidWestOne Financial Group, Inc. (“MidWestOne”) (NASDAQ: MOFG), the parent company of MidWestOne Bank, announced today the pricing of an underwritten public offering of a total of 2,500,000 shares of its common stock, consisting of 500,000 shares to be sold by MidWestOne and 2,000,000 shares to be sold by a selling shareholder, the John M. Morrison Revocable Trust #4.  The shares of common stock will be sold at a price to the public of $34.25 per share, with expected net proceeds to MidWestOne of approximately $16.44 million, after deducting estimated underwriting discounts and commissions on the sale of shares by MidWestOne, but before deducting offering-related expenses.  MidWestOne will not receive any proceeds from shares sold by the selling shareholder. MidWestOne intends to use the net proceeds of the offering for general corporate purposes, including potential future acquisitions and to support continued organic growth.  In addition, MidWestOne

MidWestOne Financial Group, Inc. – NEWS RELEASE (March 16th, 2017)

Iowa City, Iowa, March 16, 2017 — MidWestOne Financial Group, Inc. (“MidWestOne”) (NASDAQ: MOFG), the parent company of MidWestOne Bank, announced today the launch of an underwritten public offering of shares of its common stock by MidWestOne and by a selling shareholder, the John M. Morrison Revocable Trust #4.  MidWestOne will not receive any proceeds from shares sold by the selling shareholder. In addition, MidWestOne expects to grant the underwriter a 30-day option to purchase additional shares of common stock to cover over-allotments, if any, from MidWestOne.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: February 17, 2017 Charles N. Funk President & CEO 319.356.5800 (February 17th, 2017)

IOWA CITY, IA (February 17, 2017) – MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced its expansion to the Denver, Colorado, market with the hires of four seasoned bankers.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Katie A. Lorenson Steven Carr President & CEO Sr.VP & CFO Dresner Corporate Services 319.356.5800 763.545.9005 312.726.3600 (January 26th, 2017)

Iowa City, Iowa, January 26, 2017 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three months and year ended December 31, 2016. Net income for the fourth quarter of 2016 totaled $3.9 million, compared with $8.2 million for the same period last year. Both basic and diluted earnings per share were $0.34 for the fourth quarter of 2016, compared with $0.72 per share for the fourth quarter of 2015.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Katie A. Lorenson Steven Carr President & CEO Sr.VP & CFO Dresner Corporate Services 319.356.5800 763.545.9005 312.726.3600 (October 27th, 2016)

Iowa City, Iowa, October 27, 2016 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three and nine months ended September 30, 2016. Net income for the third quarter of 2016 totaled $6.2 million, compared with $7.6 million for the same period last year. Both basic and diluted earnings per share were $0.54 for the third quarter of 2016, compared with $0.67 per share for the third quarter of 2015. After excluding the effects of $0.2 million ($0.1 million after tax) of expenses related to the merger of Central Bank into MidWestOne Bank, adjusted diluted earnings per share for the third quarter of 2016 were $0.55, compared to $0.68, after excluding $0.2 million ($0.2 million after tax) of expenses related to the merger with Central Bancshares, Inc., for the same period last year. Central Bancshares, Inc. merged into the Company on May 1, 2015, and Central Bank, a wholly owned subsidiary of the Company after the holding company merger, merged int

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: October 12, 2016 Charles N. Funk Katie A. Lorenson President & CEO Sr.VP & CFO 319.356.5800 763.545.9005 (October 12th, 2016)

Iowa City, IA (October 12, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on October 11, 2016 the Company's Board of Directors declared a fourth quarter cash dividend of $0.16 per common share, which is the same as the dividend paid in the prior quarter. The dividend is payable December 15, 2016 to shareholders of record at the close of business on December 1, 2016. At this quarterly rate, the indicated annual cash dividend is equal to $0.64 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: October 4, 2016 Charles N. Funk President & CEO 319.356.5800 (October 4th, 2016)

IOWA CITY, IA (October 4, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced the appointment of Kevin Kramer as Chief Operating Officer of MidWestOne Financial Group and MidWestOne Bank. Kramer joins MidWestOne after serving five years as Executive Vice President and Director, Commercial Banking for Bank Midwest in Kansas City and Hillcrest Bank in Dallas. Both banks are subsidiaries of National Bank Holdings Corp.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: October 3, 2016 Charles N. Funk President & CEO 319.356.5800 (October 3rd, 2016)

GOLDEN VALLEY, MN (October 3, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that Executive Vice President, Kurt R. Weise, will retire at the end of 2016. He will continue to serve on the Company and Bank Board of Directors.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Gary J. Ortale Steven Carr President & CEO EVP & CFO Dresner Corporate Services 319.356.5800 319.356.5800 312.726.3600 (July 28th, 2016)

Iowa City, Iowa, July 28, 2016 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three and six months ended June 30, 2016. Net income for the second quarter of 2016 totaled $4.8 million, compared with $4.5 million for the same period last year. Both basic and diluted earnings per share were $0.42 for the second quarter of 2016, compared with $0.43 basic earnings per share and $0.42 diluted earnings per share for the second quarter of 2015. After excluding the effects of $1.8 million ($1.1 million after tax) of expenses related to the merger with Central Bank, adjusted diluted earnings per share for the second quarter of 2016 were $0.51, compared to $0.66, after excluding $2.7 million ($2.3 million after tax) of expenses related to the merger with Central Bancshares, Inc., for the same period last year. Central Bancshares, Inc. merged into the Company on May 1, 2015, and Central Bank, a wholly owned subsidiary of the Company after the holdin

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: July 22, 2016 Charles N. Funk Gary J. Ortale President & CEO EVP & CFO 319.356.5800 319.356.5800 (July 22nd, 2016)

Iowa City (July 22, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on July 21, 2016, the Company's Board of Directors declared a third quarter cash dividend of $0.16 per common share, which is the same as the dividend paid in the prior quarter. The dividend is payable September 15, 2016 to shareholders of record at the close of business on September 1, 2016. At this quarterly rate, the indicated annual cash dividend is equal to $0.64 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Gary J. Ortale Steven Carr President & CEO EVP & CFO Dresner Corporate Services 319.356.5800 319.356.5800 312.726.3600 (April 28th, 2016)

Iowa City, Iowa, April 28, 2016 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three months ended March 31, 2016. Net income for the first quarter of 2016 totaled $5.5 million, compared with $4.8 million for the same period last year. Basic and diluted earnings per share were $0.49 and $0.48, respectively, for the first quarter of 2016, compared with $0.57 for both basic and diluted earnings per share for the first quarter of 2015. The decrease is primarily due to the increase in shares outstanding in connection with the merger with Central Bancshares, Inc. (“Central”). After excluding the effects of $2.2 million ($1.4 million after tax) of expenses related to the merger with Central, adjusted diluted earnings per share for the first quarter of 2016 were $0.60, compared to $0.62, after excluding $0.5 million ($0.4 million after tax) of merger-related expenses, for the same period last year.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: April 22, 2016 Charles N. Funk Gary J. Ortale President & CEO EVP & CFO 319.356.5800 319.356.5800 (April 22nd, 2016)

Iowa City (April 22, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that the Company's Board of Directors has declared a second quarter cash dividend of $0.16 per common share, which is the same as the dividend paid last quarter. The dividend is payable June 15, 2016 to shareholders of record at the close of business on June 1, 2016. At this quarterly rate, the indicated annual cash dividend is equal to $0.64 per common share.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: April 5, 2016 Charles N. Funk Gary J. Ortale President & CEO EVP & CFO 319.356.5800 319.356.5800 (April 5th, 2016)

Iowa City, IA (April 5, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank and Central Bank, today announced the completion of the merger of Central Bank, into the charter of MidWestOne Bank on April 2, 2016. The merger of the banks is the final step in the merger with Central Bancshares, Inc., which was first announced in November 2014. MidWestOne Financial Group, Inc. (the "Company") has nearly $3 billion in assets, creating one of the premier publicly traded financial services companies in the upper Midwest.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: February 2, 2016 Charles N. Funk Gary J. Ortale President & CEO EVP & CFO 319.356.5800 319.356.5800 (February 2nd, 2016)

Iowa City, IA (February 2, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank and Central Bank, today announced that Gary J. Ortale, its Executive Vice President and Chief Financial Officer, will retire from the Company effective August 31, 2016, and that Katie A. Lorenson will assume his duties as Senior Vice President and Chief Financial Officer upon Mr. Ortale's retirement.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Charles N. Funk Gary J. Ortale Steven Carr President & CEO EVP & CFO Dresner Corporate Services 319.356.5800 319.356.5800 312.726.3600 (January 28th, 2016)

Iowa City, Iowa, January 28, 2016 - MidWestOne Financial Group, Inc. (NASDAQ - MOFG) today reported its financial results for the three months and year ended December 31, 2015, including eight months of results after its merger with Central Bancshares, Inc. (“Central”), which closed on May 1, 2015. Net income for the fourth quarter of 2015 totaled $8.2 million, compared with $3.9 million for the same period last year. Basic and diluted earnings per share were $0.72 for the fourth quarter of 2015, compared with $0.46 for both basic and diluted earnings per share for the fourth quarter of 2014. After excluding the effects of $0.1 million of expenses related to the merger with Central, adjusted diluted earnings per share for the fourth quarter of 2015 were $0.73, compared to $0.57 for the same period last year, reflecting growth of 28.1%.

MidWestOne Financial Group, Inc. – NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Date: January 20, 2016 Charles N. Funk Gary J. Ortale President & CEO EVP & CFO 319.356.5800 319.356.5800 (January 20th, 2016)

Iowa City, IA (January 20, 2016) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank and Central Bank, today announced that on January 19, 2016 the Company's Board of Directors declared a cash dividend of $0.16 per common share, which is a 7% increase from the dividend paid each of the previous four quarters. The dividend is payable March 15, 2016 to shareholders of record at the close of business on March 1, 2016. At this quarterly rate, the indicated annual cash dividend is equal to $0.64 per common share.