Iowa

Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.

Lincoln Savings Bank has tapped Sean Willett, chief administrative officer at Financial Institutions, as its next leader after a six-month search.

Lindy Andry has been Ascentra Credit Union's interim president and CEO since November.

The Iowa-based institution hopes the funds can help narrow the racial homeownership gap in the state, which is believed to be among the worst in the nation.

Dale Owen began his career at the Bettendorf, Iowa-based institution in 1999 and took over as chief executive in 2013.

Members of NW Iowa Credit Union soundly rejected merging into Siouxland Federal Credit Union. The pandemic could lead to more unexpected results.

Len Devaisher once served as a regional executive for Old National Bancorp.

N.W. Iowa CU has agreed to merge into Siouxland FCU, citing rising technology costs and an increasingly complex compliance environment.

Renee Christoffer will take over leading the institution when Monte Berg, the current president and CEO, steps down at the end of July.

First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.

Bankers in the Hawkeye State are targeting legislation that would permit credit unions to gamify savings. This is at least the third major issue in recent years where the two sides have had a high-profile clash.

Collins Community Credit Union has agreed to buy First Savanna Savings Bank.

The company also disposed of a large agricultural loan that was nonperforming.

The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.

One bill would tax credit unions in the Sunflower State with at least $100 million in assets.

The merger of Cornerstone Community Credit Union into the Moline, Ill.-based Vibrant is expected to close on Oct. 1.

Bank Iowa will gain a branch in a neighboring market when it completes the acquisition.

Cobalt Credit Union will absorb Community Hope FCU after being approached by the National Credit Union Administration.

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

First American Bank agreed to sell its Iowa branches to GreenState just weeks after arranging the transfer of its Florida locations to another credit union.