Midwest One is a full-service, locally owned bank defined by tradition and innovation. As the tri-state's leader in providing financial services to local businesses, we offer a variety of options specially designed to help your business grow and prosper. From basic products like commercial checking accounts to sophisticated products like sweep accounts and employee benefits, Midwest One has the right combination of products and high-quality service to meet the growing demands of businesses large and small.
Midwest Onetailors loans to suit the needs of any size business, from start-up to major expansion. Our local decision-making, quick turnaround, and variety of terms make us Dubuque County's top commercial lender.
Midwest One cash management system offers flexible, easily tailored banking services that accelerate the availability of corporate cash and minimize collection time of accounts receivable. Sweep processing at Midwest One provides an efficient means of cash control for multiple accounts. This convenient service automatically transfers funds or balance amounts between accounts, based on specific dates or dollar levels.
Midwest One is also a distinguished leader in technology-based banking with products and services such as Internet Business Banking and Direct Business PC Banking, which demonstrate a tradition of innovation.
For financial planning expertise, turn to Midwest One. Our highly trained and dedicated employees make us the largest best-staffed financial planning department in the region. No matter what your business's size, Midwest One as a program for you. We can help you design, implement, and administer 401(K) and Money Purchase Pension Plans, Employee Stock Ownership Plans, IRA Rollover Trusts, Estate Management/Estate Settlement, Trust, and more.
Throughout the years, Midwest One has developed a strong reputation for providing outstanding service to our customers and has fostered a tradition of continually supporting our local communities. We are proud of this tradition and look forward to carrying it far into the future.
Commercial Banking Officer
Ensures loan agreements are complete and accurate according to policy and bank compliance regulations. Responsible for all documentation requirements for loans under her/his responsibility in conjunction with the Credit Administration/Loan Operations Departments. Assures timely loan closing and funding activities. Responsibilities
•Interviews applicants and underwrites all types of commercial and/or ag loans through existing loan policy guidelines. Collects and analyzes financial related data to determine the general creditworthiness of the prospect and the merits of the specific loan request; submits application to credit analyst for verification and recommendation.
•Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to credit analyst for verification and recommendation.
•Establishes and negotiates where necessary the terms under which the credit will be extended, including the costs, repayment method and schedule and collateral requirements.
•Compiles loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options, and other credit terms. Ensures loan agreements are complete and accurate according to policy. Promotes and cross-sells other banking products and services as appropriate to customer needs.
•Approves loans within specified limits or refers loans to loan committee for approval.
•Assures timely loan closing and funding activities.
•Works problem or delinquent loan accounts through the collection process in coordination with Credit Management personnel: 1.Monitors loan repayment activities and takes necessary action to collect from past due accounts.
•Advises customers, where possible, on business management and financial matters.
•Responsible for ensuring all applicable documentation requirements for loans under his/her responsibility in conjunction with the Credit Administration Department.
•May participate as a member of Senior Loan Committee and make presentations of loans needing approval to the committee.
•Calls on business customers and potential clients and promotes the Bank to enhance commercial banking relationships.
•Identifies and analyzes potential loan markets to develop prospects for commercial loans.
•May participate in the planning process for the region’s Commercial/Ag Banking Department.
•Assists the Lead Commercial Banking Officer in the market with designated credits and special projects.
•Other duties may be assigned
Bachelor's degree (B. A.) from four-year college or university preferred plus 3-5 years related experience, or equivalent combination of education and experience.
At MidWestOne Bank diversity is embraced and we are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, gender identity, creed, Veteran status, disability, or any other legally protected status. If you have a disability or special need that requires accommodation, please let us know.
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