Fredrikson & Byron acted as legal counsel to Central Bancshares, Inc. (Central), a community bank holding company based in Golden Valley, Minnesota, in its agreement to merge with MidWestOne Financial Group, Inc. (MidWestOne), the fifth largest publicly traded bank holding company in Iowa. Following the merger, MidWestOne will operate MidWestOne Bank and Central Bank as separate banking subsidiaries. The combined company is expected to have nearly $3 billion in assets, creating one of the premier publicly traded financial services companies in Iowa and Minnesota. Fredrikson & Byron’s legal team included Karen L. Grandstrand and Beau J. Hurtig.
