8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 21, 2014

MidWestOne Financial Group, Inc.

(Exact name of registrant as specified in its charter)

Commission file number 001-35968

Iowa	42-1206172
(State or other jurisdiction of incorporation)	(I.R.S. Employer Identification Number)

102 South Clinton Street

Iowa City, Iowa 52240

(Address of principal executive offices, including zip code)

(319) 356-5800

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

£	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On January 21, 2014, the Board of Directors of MidWestOne Financial Group, Inc. (the “Company”), on the recommendation of the Company’s Nominating and Corporate Governance Committee, and in anticipation of the previously announced retirement of director John S. Koza effective immediately prior to the Company’s 2014 Annual Shareholders’ Meeting, appointed Patricia A. Heiden as a Class II director of the Company, effective at the close of the 2014 Annual Shareholders’ Meeting.

Ms. Heiden, 60, is the Executive Director of Oaknoll Retirement Residence (“Oaknoll”), Iowa City, Iowa. Oaknoll is a customer of, and engages in customary banking transactions with, the Company’s wholly-owned bank subsidiary, MidWestOne Bank (the “Bank”). All loans and commitments to lend to Oaknoll were in the ordinary course of business and were made on substantially the same terms, including interest rates, collateral and repayment terms on the extension of credit, as those prevailing at the time for comparable transactions with other persons not related to the Company or the Bank and did not involve more than the normal risk of collectability or present other unfavorable features. Except for these customary banking transactions between the Bank and Oaknoll, Ms. Heiden does not have any direct or indirect material interest in any transaction with the Company or the Bank required to be disclosed pursuant to Item 404(a) of Regulation S-K. There is also no arrangement or understanding between Ms. Heiden and any other person pursuant to which Ms. Heiden was appointed as a director.

As with each of the Company’s non-employee directors, Ms. Heiden will receive a base retainer of $6,000 per year, prorated for her service in 2014, and be entitled to other compensation for her service as director consistent with the compensation paid to other directors of the Company, as described in the Company’s Proxy Statement for the Annual Meeting of Shareholders held on April 18, 2013. It is currently anticipated that Ms. Heiden will be named to the Company’s Nominating and Corporate Governance Committee following the Company’s 2014 Annual Shareholders’ Meeting. The press release is attached as Exhibit 99.1.

Item 8.01. Other Events.

On January 21, 2014, the Board of Directors of the Company declared a cash dividend of $0.15 per share payable on March 17, 2014 to shareholders of record as of the close of business on March 1, 2014. The press release is attached as Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.Description

99.1 Press Release of MidWestOne Financial Group, Inc. announcing director appointment, dated January 22, 2014.

99.2 Press Release of MidWestOne Financial Group, Inc. announcing dividend declaration, dated January 22, 2014.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		MIDWESTONE FINANCIAL GROUP, INC.
Dated:	January 22, 2014	By:	/s/ GARY J. ORTALE
			Gary J. Ortale
			Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

NEWS RELEASE
FOR IMMEDIATE RELEASE	Contact:
Date: January 22, 2014	Charles N. Funk	Gary J. Ortale
	President & CEO	EVP & CFO
	319.356.5800	319.356.5800

HEIDEN TO JOIN MIDWESTONE FINANCIAL GROUP AND BANK BOARDS

Iowa City, IA (January 22, 2014) -- Patricia A. Heiden, executive director of Oaknoll Retirement Residence, was appointed as a member of the Board of Directors of MidWestOne Financial Group, Inc. and MidWestOne Bank, on January 21, 2014. Heiden’s appointment will be effective following the Company’s 2014 annual meeting of shareholders.

“We are thrilled that Pat accepted our invitation,” said Charles N. Funk, President and CEO of MidWestOne Financial Group. “She brings passion and knowledge of our community to our boards, in addition to her successful business background.”

Heiden has been at Oaknoll for 34 years and Executive Director since 1995. Oaknoll is a not-for-profit continuing care retirement community in Iowa City. Heiden received her Master of Health Services Administration degree from St. Joseph’s College in Windham, Maine, and Bachelor of Arts degree from the University of Iowa. She is a licensed nursing home administrator by the State of Iowa. Heiden has been involved with numerous non-profit boards including the United Way of Johnson and Washington Counties, ICCSD Foundation, Iowa City Area Chamber of Commerce, Iowa City Hospice, Riverside Theatre Board, Altrusa International, and Noon Rotary of Iowa City.

“I look forward to joining the MidWestOne board,” said Heiden. “I’ve long been a fan of the company and its people. It is a community bank whose heart is in the community. For me, this is an excellent opportunity to make a difference.”

-end-

About MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. The Company's bank subsidiary, MidWestOne Bank, is also headquartered in Iowa City. MidWestOne Bank has office locations in Belle Plaine, Burlington, Cedar Falls, Conrad, Coralville, Davenport, Fairfield, Fort Madison, Melbourne, North English, North Liberty, Oskaloosa, Ottumwa, Parkersburg, Pella, Sigourney, Waterloo and West Liberty, Iowa. MidWestOne Insurance Services, Inc. provides personal and business insurance services in Pella, Melbourne and Oskaloosa, Iowa.

Cautionary Note Regarding Forward-Looking Statements

Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this document and are based on current expectations and involve a number of assumptions. These include, among other things, statements regarding future results or expectations. MidWestOne Financial Group intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of these safe harbor provisions. The Company's ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain. Factors that could cause actual results to differ from those set forth in the forward-looking statements or

Exhibit 99.1

that could have a material effect on the operations and future prospects of the Company include, but are not limited to: (1) the strength of the local and national economy; (2) changes in interest rates, legislative/regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, and changes in the scope and cost of Federal Deposit Insurance Corporation insurance and fees; (3) the loss of key executives or employees; (4) changes in the quality and composition of the Company's loan and securities portfolios, demand for loan products and deposit flows;(5) changes in the assumptions and estimates underlying the establishment of reserves for possible loan losses and other estimates; (6) the effects of competition and the overall demand for financial services in the Company's market areas; (7) the Company's ability to implement new technologies and develop and maintain secure and reliable electronic systems; (8) changes in accounting principles, policies, and guidelines; (9) the risks of mergers, acquisitions and divestitures, including, without limitation, the related time and costs of implementing such transactions, integrating operations as a part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; and (10) other risk factors detailed from time to time in filings made by the Company with the SEC.

EX-99.2

Exhibit 99.2

NEWS RELEASE
FOR IMMEDIATE RELEASE	Contact:
Date: January 22, 2014	Charles N. Funk	Gary J. Ortale
	President & CEO	EVP & CFO
	319.356.5800	319.356.5800

MIDWESTONE FINANCIAL GROUP DECLARES INCREASED DIVIDEND

Iowa City, IA (January 22, 2014) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, today announced that on January 21, 2014 the Company's Board of Directors declared a first quarter cash dividend of $0.145 per common share, which is a 16% increase from the dividend paid each of the previous four quarters. The dividend is payable March 17, 2014 to shareholders of record at the close of business on March 1, 2014. At this quarterly rate, the indicated annual cash dividend is equal to $0.58 per common share.

-end-

About MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. The Company's bank subsidiary, MidWestOne Bank, is also headquartered in Iowa City. MidWestOne Bank has office locations in Belle Plaine, Burlington, Cedar Falls, Conrad, Coralville, Davenport, Fairfield, Fort Madison, Melbourne, North English, North Liberty, Oskaloosa, Ottumwa, Parkersburg, Pella, Sigourney, Waterloo and West Liberty, Iowa. MidWestOne Insurance Services, Inc. provides personal and business insurance services in Pella, Melbourne and Oskaloosa, Iowa.

Cautionary Note Regarding Forward-Looking Statements

Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this document and are based on current expectations and involve a number of assumptions. These include, among other things, statements regarding future results or expectations. MidWestOne Financial Group intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of these safe harbor provisions. The Company's ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain. Factors that could cause actual results to differ from those set forth in the forward-looking statements or that could have a material effect on the operations and future prospects of the Company include, but are not limited to: (1) the strength of the local and national economy; (2) changes in interest rates, legislative/regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board, and changes in the scope and cost of Federal Deposit Insurance Corporation insurance and fees; (3) the loss of key executives or employees; (4) changes in the quality and composition of the Company's loan and securities portfolios, demand for loan products and deposit flows;(5) changes in the assumptions and estimates underlying the establishment of reserves for possible loan losses and other estimates; (6) the effects of competition and the overall demand for financial services in the Company's market areas; (7) the Company's ability to implement new technologies and develop and maintain secure and reliable electronic systems; (8) changes in accounting principles, policies, and guidelines; (9) the risks of mergers, acquisitions and divestitures, including, without limitation, the related time and costs of implementing such transactions, integrating operations as a part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; and (10) other risk factors detailed from time to time in filings made by the Company with the SEC.