The Bank Slate


MidWestOne CEO announces plans to retire

MidWestOne Financial Group in Iowa City is looking for its next CEO. 

The $6 billion-asset company said in a regulatory filing Monday that Charles Funk will retire later this year. He will remain a director. 

MidWestOne said it had hired an executive search firm to identify and evaluate potential successors. 

The company said internal and external candidates will be considered, and that Funk will work with the search firm “to ensure the successful identification of, and transition duties to, a successor.”

Funk has been the company’s CEO since 2008. He has been the bank’s CEO since 2000.

Leave a Reply

Your email address will not be published. Required fields are marked *