Community Banking at Our Core
But we're so much more!
We’re proud of our local heritage serving hometowns in Iowa, Minnesota, and South Dakota. Our founders started out in the 1880’s by helping neighbors and friends with simple banking and borrowing needs.
As our customers’ needs grow so does our business. Today, we also offer insurance protection, investments, mortgages, trust and estate planning not to mention equipment financing through OnePlace Capital.
While generations change and communities evolve, Bank Midwest’s driving principles remain the same:
One Place. One Team. Devoted to the security and prosperity of our customers
News & Education
The VA loan is one of the best mortgage loans there is. Here are some reasons why. First, VA guarantees the loan for 100% of the appraised value of the property (technically, the loan is for the Notice Of Value amount, which in most cases is the same thing). This guarantee means that the lender […]
The appraisal process is a combination of science and opinion—but mostly science, even though the value that the appraiser delivers is called an “opinion of value” as of the effective date of the appraisal. Here’s how the process works: First, the appraiser describes the house being appraised (the “subject”) in a standardized way: living […]
Your credit score has little to do with your being broke. It is a function of two primary factors: your demonstrated history of meeting your financial obligations and your use of credit. Let’s look at the first one first. Assuming that you have some regular source of income (job or reliable self-employment), a pattern of […]