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  • Annual Meeting Date Announced

    Published Tuesday, January 31, 2012

    MutualFirst Financial, Inc. (NASDAQ: MFSF), will hold its annual meeting of stockholders at the Bank’s headquarters at 110 E. Charles Street, Muncie, Indiana on April 25, 2012 at 3:00 p.m. local time. The Record Date for voting has been set for March 1, 2012. MutualFirst Financial, Inc. is the holding company for MutualBank, an Indiana-based financial more»
  • Suspicious Emails Targeting Business Customers

    Published Tuesday, January 10, 2012

    Please be aware of the following suspicious email circulating that is targeting business banking customers. Attached to the emails is a ZIP file which contains a malicious payload, designed to infect Windows computers. Do not open any attachments in this email! EXAMPLE: From: Federal Deposit Insurance Company “Convened@fdic.gov” Email Subject more»
  • MutualBank converts to an Indiana Commercial Bank Charter

    Published Thursday, January 5, 2012

    MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank, has announced that the Bank converted from a federal savings bank to an Indiana commercial bank on January 1, 2012. As a result of that conversion the Company became a bank holding company and is now subject to capital requirements imposed on bank holding companies by the Board more»
  • Declares Cash Dividend 4th Qtr 2011

    Published Thursday, November 17, 2011

    MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .06 per share for the third quarter of 2011. The dividend will be payable on December 23, 2011 to shareholders of record on December 9, 2011. The Company’s subsidiary, MutualBank, is well capitalized and strong by all more»
  • Third Quarter 2011 Earnings

    Published Thursday, October 27, 2011

    MutualFirst Financial, Inc. announced today net income to common shareholders for the third quarter ended September 30, 2011. more»
  • MutualBank Charitable Foundation Helps Fund New Building

    Published Wednesday, October 12, 2011

    a Pictured (L to R): Robyn Palmer, MutualBank and treasurer of CCS Stephen Possell, CCS executive director Vince Turner, MutualBank vice president, regional manager Photo by David Sloan, Times Union The MutualBank Charitable Foundation is proud to help fund the building of the new Combined Community Services building in Kosciusko County. more»
  • TARP Warrant Repurchase

    Published Wednesday, September 28, 2011

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF) (the “Company”), the holding company of MutualBank (the “Bank”), announced today that it has completed the repurchase of a warrant held by the United States Department of the Treasury. The 10-year warrant was issued in December 2008, as part of the Company’s participation in the Treasury’s more»
Items 81-88 of 97

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Mutual News
  • Brittany Swank Hired as Loan Counselor for MutualBank in Warsaw

    WARSAW, INDIANA – MutualBank welcomes Brittany Swank,...

    Wednesday, August 26, 2015

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Mutual Blog

Economic Turmoil

There have been a lot of concerns surrounding the current US economic situation. While it is serious, there are a lot of different views that are creating more confusion. Here are some quick thoughts that I believe will shed some additional light on the situation.

Debt Ceiling

In the first few days of August we heard that we had reached our debt ceiling and that if it was not raised, the US would be in default on its obligations.  There is some truth, but also some misconceptions in that thought.  Assume you are utilizing a credit card to pay bills, etc with a $10,000 limit and you currently have $9,500 balance on the credit card, you have $500 remaining prior to hitting your personal debt ceiling.  What are your choices if you want to continue to use the credit card? {Get another credit card, get a line increase}.  If you have the ability to get another card or get a line increase, you will not default on the payments you are making, but payments may be delayed or delinquent until you get the new card or a line increase.  You would still have the ability to make payments on your bills rather than using your credit cards you will be limited to what is in your checking account or the cash you have available.  Congress needed to increase the “credit line” or debt ceiling so the US Treasury could continue to borrow.  While the US was not bankrupt like other European nations, without the increase the US Treasury could not continue to issue debt to pay the bills.  While the US Treasury would still have been able to pay some bills due to revenues, other bills could not be paid because the government is paying more out than they are receiving in revenues.  This practice of paying out more than revenues at the current pace is not sustainable and Congress must find a way to match revenues and expenses in the near future (balanced budget).

S&P Downgrade

S & P reduced the ratings of the US government due to the above discussion.  In normal situations, a downgrade of a company’s rating would result in the company to pay higher interest rates due to being seen as a riskier investment.  After the S & P downgrade the US Treasuries interest rates actually decreased due to it being the most liquid currency and the faith put into the US economic system around the world.  So, while a decrease in the S & P rating should not be taken lightly, due to the increasing debt of the US, we should not allow others to convince us that the sky is falling.  The most liquid, secure investment continues to be US debt (Treasuries) and other corporate debt will continue to be priced off of US Treasuries.

Conclusion

Congress must find a way to reduce the increase in the US debt.  The final outcome will probably be increased revenues (tax increases) and expense reduction (reducing government programs) to help balance the budget.  The current level of expenses versus the revenues generated is not sustainable and a balance approach to solving this issue is necessary.

Chris Cook, CPA, MBA
Senior Vice President, Treasurer and Chief FInancial Officer
MutualFirst Financial, Inc. and MutualBank
Email Chris 

Tuesday, August 16, 2011

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Christmas in July

It is hard to think about Christmas when it's over 90 degrees outside.  Let me give you a reason to start thinking about snow, get togethers, Christmas cookies and the holiday season...

Christmas is 21 weeks away. You might not think that is very soon, but for those of us who buy gifts, make candies and cookies, host get togethers and travel, 21 weeks is right around the corner! 

As each holiday season approaches, I realize I always forget to budget for Christmas gifts. Before I know it, it's Thanksgiving and I'm trying to figure out how much money I can spare so I can buy that special framed artwork that would look perfect in my sister's new home. This year is going to be different.  I'm planning ahead. I've come up with a few ideas to help me save specifically for Christmas. I thought maybe these ideas could help you too.  Also, I have a few ideas to help plan for the future holiday seasons! Take a look:

  • Open a savings account
    The first step in saving is having a place to put the money. (No, under the mattress doesn't count.)  MutualBank offers a variety of saving avenues from accounts to CDs.  
  • Set aside $25.00 per week.  
    Did you know: If you set aside $25.00 a week from now until Christmas, you will have saved $500 by Christmas? 
    You can save $25.00 or more per week by setting up TMS (Transfer Management System) with MutualBank. Money can be automatically transferred to another checking or savings account so you don't have to do a thing!! 

There are other ways you can save for future holidays. Did you know we have a cd that requires a deposit weekly, biweekly or monthly? It's called the Clockwork CD. This helps keep you accountable to your commitment and can be automatic!

The hardest step is the first step. Make a commitment to save and talk to your MutualBanker to get set up for plan that works for you. Saving doesn't have to happen overnight; it can happen $25.00 at a time! 

Merry Summer to you!

Friday, July 29, 2011

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How many folds?

Last week, we asked our Facebook Fans and you through the poll on our website:
"The average dollar bill is meant to take up to how many folds in each direction before it rips?"

The results:

  Answer choices:     Facebook Results:     Website Poll Results:  
500 25% 17%
1000 50% 28%
4000 25% 30%
8000 0% 23%

 

And the correct answer is:

4000 Folds!

Can you believe that? According to the United States Treasury, you can double fold (first forward, then backward) a bill up to 4000 times before it rips! The reason is because currency paper is 25% linen, making it rip-resistant.

I wonder if that number decreases if the bill has been washed!

Monday, July 25, 2011

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What's your phone to you?

MutualMobile is here!

I have been waiting for this day, the day when MutualBank has mobile banking.  My phone is so many things to me:  my watch, alarm clock, email, newspaper, search engine, navigation, and now banking. 

Did you know that there are over 223 million US mobile phone users over the age of 13*?  There are times I wonder how any of us lived without our mobile phones, and that we can’t survive the day unless our phone is within arm’s reach.  The more I have my MutualMobile APP, the more I wonder what I did without it!  At any moment I can see my balance, transfer money, check to see where the closest MutualBank ATM is.  Hold on, did I pay my electric bill?  Yes, I did, just checked it on MutualMobile

With my busy lifestyle, I don’t always have time to write my transactions down the same day.  With MutualMobile I can keep track of the everything clearing my account and not worry about making time to sit down at my computer verifying the transactions and balancing my checkbook.  Just the other day, I was waiting on my car to get serviced, pulled out my phone to pay my bills, transfer money, and balanced my checkbook.  WOW!  How convenient is that?

*Statistics from Nielsen 2010 Media Industry Fact Sheet

Monday, July 18, 2011

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Race to Syracuse Summerfest!

It has been just over a month since the Joplin, Missouri tornado that claimed too many lives and left the town in pieces.

Sometimes being a community bank doesn't just mean helping the communities in which you reside.  Sometimes it means helping a community in need, no matter where they are located.  That's exactly what we're trying to do.

The MutualBank team of Syracuse invites you to participate in a pedal cart race to benefit the Joplin Disaster Relief.  Here is all of the information you need to know:

  • Date: Saturday, July 9th
  • Time: Registration/Lunch 12:30pm - 1:30pm / Race 1:30pm
  • Address: 612 S. Huntington St. Syracuse, IN 46567
  • Teams of four may participate - Registration per team is $10.00
  • Prizes will be awarded to three teams with the best times

Spectators are welcome! You do not have to participate in the race to enjoy this fun event. C'mon over for a fun time as we do our part to help Joplin, Missouri pick up the pieces and begin rebuilding!

Friday, July 8, 2011

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Vacation

The 4th of July weekend is quickly approaching and that typically means traveling and vacation for you and your family.

Family vacations can be stressful.  What are you going to pack? What entertainment do you need for the kids? When and where are you going to eat? The list goes on...

So far on our Facebook Poll, many of you say you're driving to your destination for your family vacation this year. In order to help you live a better life and hopefully help you have a better family vacation, we found an article that gives you some summer driving tips for your family vacation.

Travel safely this holiday weekend.  

From our MutualBank Family to yours, Happy Independence Day!

Tuesday, June 28, 2011

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Customer Appreciation Day - Warsaw

It’s a fun twist on the typical customer appreciation day.  We’re celebrating YOU in a tropical way! 

We welcome your visit on Friday, June 10th to meet the Mutual team, play games, enter to win prizes, enjoy a free lunch with a cool beverage, from 11am until 2pm. Visit any of the following Warsaw financial centers to enjoy the festivities!

2034 East Center Street

219 West Market Street

SR 15 and 250 North

www.bankwithmutual.com

 

 

 

Friday, June 10, 2011

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Customer Service Poll

Have you taken our Polls?

As part of our website upgrade and new look, we added a polling feature.  This is just one more way we're seeking your opinion.  Of course you can always call us, email us, visit our Facebook Page or Tweet us on Twitter.  But in case you just want to share your opinion casually, feel free to take our poll! It's located on the left hand side of the website homepage.  

Since we upgraded our website in April, we had a poll asking, "How would you rate our customer service?"

Here are the results:
71% - Excellent (Thank you!)
13% - Good
6% - Average
8% - Poor (Thank you!)

You might be wondering, why are you saying 'thank you' to those who voted you having poor service?

What this tells us is we have room to improve. While we believe we are the best bank in town and have the best employees in the world, we know there is always room for improvement.  If you have insights on how we can improve, please let us know!

So feel free to communicate with us anytime, whether it be through our polls, via email or a phone call. Maybe it's through a blog comment or Facebook or Twitter.  We want to hear how we can help you live a better life.

Tuesday, May 31, 2011

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News

Subscribe to our News

News

  • Annual Meeting Date Announced

    Published Tuesday, January 31, 2012

    MutualFirst Financial, Inc. (NASDAQ: MFSF), will hold its annual meeting of stockholders at the Bank’s headquarters at 110 E. Charles Street, Muncie, Indiana on April 25, 2012 at 3:00 p.m. local time. The Record Date for voting has been set for March 1, 2012. MutualFirst Financial, Inc. is the holding company for MutualBank, an Indiana-based financial more»
  • Suspicious Emails Targeting Business Customers

    Published Tuesday, January 10, 2012

    Please be aware of the following suspicious email circulating that is targeting business banking customers. Attached to the emails is a ZIP file which contains a malicious payload, designed to infect Windows computers. Do not open any attachments in this email! EXAMPLE: From: Federal Deposit Insurance Company “Convened@fdic.gov” Email Subject more»
  • MutualBank converts to an Indiana Commercial Bank Charter

    Published Thursday, January 5, 2012

    MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank, has announced that the Bank converted from a federal savings bank to an Indiana commercial bank on January 1, 2012. As a result of that conversion the Company became a bank holding company and is now subject to capital requirements imposed on bank holding companies by the Board more»
  • Declares Cash Dividend 4th Qtr 2011

    Published Thursday, November 17, 2011

    MutualFirst Financial, Inc. (NASDAQ:MFSF), the holding company of MutualBank, has announced the Company will pay a cash dividend of $ .06 per share for the third quarter of 2011. The dividend will be payable on December 23, 2011 to shareholders of record on December 9, 2011. The Company’s subsidiary, MutualBank, is well capitalized and strong by all more»
  • Third Quarter 2011 Earnings

    Published Thursday, October 27, 2011

    MutualFirst Financial, Inc. announced today net income to common shareholders for the third quarter ended September 30, 2011. more»
  • MutualBank Charitable Foundation Helps Fund New Building

    Published Wednesday, October 12, 2011

    a Pictured (L to R): Robyn Palmer, MutualBank and treasurer of CCS Stephen Possell, CCS executive director Vince Turner, MutualBank vice president, regional manager Photo by David Sloan, Times Union The MutualBank Charitable Foundation is proud to help fund the building of the new Combined Community Services building in Kosciusko County. more»
  • TARP Warrant Repurchase

    Published Wednesday, September 28, 2011

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF) (the “Company”), the holding company of MutualBank (the “Bank”), announced today that it has completed the repurchase of a warrant held by the United States Department of the Treasury. The 10-year warrant was issued in December 2008, as part of the Company’s participation in the Treasury’s more»
Items 81-88 of 97
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