MidWestOne Financial Group in Iowa City, Iowa, said its CEO has stepped down temporarily to recover from a serious bicycle accident.
The $6.4 billion-asset company disclosed in a regulatory filing Monday that Len Devaisher was named interim CEO on Aug. 12 after Charles Funk was injured.
The filing gave no details on the extent of Funk’s injuries.
Devaisher remains MidWestOne’s president and chief operating officer, posts he has held for the past two years.