Business BoD Conversion Book and Disclosure Packet

Certificates of Deposit and Convenience Services

Certificates of Deposit (CD)

Convenience Services

MidWest One will honor the rates and terms on your CDs until they mature. At that time you will be able to renew at MidWest One ’s current rate. Once the CD matures, it may be subject to a new term and rate. You will receive a notice 10 days before your certificate renews which will state duration of the automatic renewal. You will have 10 calendar days after the maturity date to change the renewal term.

We offer an innovative suite of services designed to make banking easier and more convenient so you have more time for the things that you enjoy.

Mobile Banking

You have the power to access your financial accounts anywhere, anytime. All you need is your iPhone, iPad, or Android device to check balances, view transactions, approve pending ACH, wire and bill pay transactions, enable alerts for transactions awaiting your approval, transfer funds, and access business mobile deposit. Message and data rates may apply.

Early Withdrawal Penalty Effective March 11, 2024

The amount of principal withdrawn before maturity will be subject to early withdrawal penalty using the stated interest rate as follows:

Business Online Cash Manager

CD Term

Penalty

Less than 12 months 12 to less than 24 months 24 to less than 36 months 36 to less than 48 months 48 to less than 60 months 60 months and longer

3 months’ interest 6 months’ interest 9 months’ interest 12 months’ interest 18 months’ interest 24 months’ interest

Safelymanage your corporate accounts online. Easy, convenient and secure, you can pay bills, monitor accounts and transfer funds, track transactions, build dual verification practices, integratewithQuickBooks andmore.

QuickBooks®

Safe Deposit Box

Enhance efficiencies by integrating QuickBooks Online with Online Cash Manager.

Please refer to the Safe Deposit Box Fees on page 16 for information about any changes to safe deposit box fees that will be effective March 11, 2024.

Treasury Management Services

If you currently use any of the services listed on the next page, you will receive more information regarding these transitions in the coming weeks.

Loans

MidWest One will acquire all of Bank of Denver’s commercial loans and will service your loan accounts as usual. You should continue to make payments in accordance with the terms outlined on your original loan. Effective March 11, 2024, payments made to your loans will be applied in the following order: principal, interest, escrow, late charges, and collection expense.

Remote Deposit Capture*^

Remote deposit capture provides you with opportunities that will enhance cash flow and improve your processing efficiencies. It lets you deposit checks without ever leaving your business.

Credit Card

Merchant Processing^

MidWest One Bank partners with Fiserv Community Financial Institutions (CFI) to provide our merchant services program and offer you best-in-class service and solutions.

Your Bank of Denver credit card will remain with Card Assets, and you will be able to use your credit card without interruption.

10