IOWA CITY, Iowa, Oct. 19, 2022 (GLOBE NEWSWIRE) — Midwestone Financial Group, Inc. MOFGparent company of Middle Westone Bank, announced today that its Board of Directors has appointed Charles (Chip) N. Reeves, 54, as its new Chief Executive Officer (CEO), effective November 1, 2022. Reeves succeeds Charlie Funk, who is retiring successfully after a 22-year career with the organization. Funk will stay with MidWestone until April 2023 as a special advisor to ensure a seamless transition and will continue to serve as a director on the company’s board of directors.
An experienced senior banking and financial services executive, Reeves brings a proven track record of driving growth for local, regional and national institutions. In addition, he has extensive experience in successfully managing fully integrated banking entities across multiple business sectors including retail, small business, wealth management and commercial banking.
“Following an extensive search for the right candidate to lead our organization, we are pleased to welcome Chip to MidWestone,” said Kevin Monson, chief executive officer of the company and bank. “He has 32 years of broad-based banking experience in both resilient and challenging economic environments, as well as in rural and metropolitan markets. Chip is equally good at building and developing leadership teams to nurture long-term relationships and help clients and communities thrive. We look forward to using his skills and experience to drive MidWest’s long-term growthone.“
Most recently, Reeves was President, CEO and director of Beach Bancorp, Inc., the parent company of Beach Bank, a community bank headquartered in Fort Walton Beach, Florida. Previously, he was President and Chief Operating Officer of Bank of the Cascades, a $3.2 billion public financial services company with offices in Oregon, Idaho and Washington. Additionally, Reeves had a long, 22-year career at Fifth Third Bancorp, where he held several…
