MutualBank Closes on Acquisition of Fort Wayne Mortgage Company / MutualBank

Business & Personal Checking Accounts  MutualBank

 

MutualBank Closes on Acquisition of Fort Wayne Mortgage Company

Published Friday, August 1, 2014 8:00 am by MutualBank

 

MUNCIE, INDIANA – (NASDAQ:MFSF) MutualBank is pleased to announce that it has closed on its acquisition of Summit Mortgage, Inc., a mortgage banking company headquartered in Fort Wayne,Indiana. The transaction has received all regulatory approvals and is expected to close in August 2014. Summit Mortgage has been serving Fort Wayne and the surrounding communities for nearly twenty years. They excel in conventional, construction, FHA and Veteran lending as well as no PMI programming and USDA Rural Development lending. They have a strong reputation as being honest and knowledgeable.Summit Mortgage is a part of the Indiana Mortgage Bankers Association, the Better Business Bureau, Fort Wayne Area Association of Realtors and Home Builders Association.

“The team at Summit Mortgage, led by Shawn McArdle and Vicki Reed, has built an incredible business over the last twenty years,” says Pat Botts, President and COO of MutualBank. “By welcoming Summit’s staff to the MutualBank team, we hope to expand the offerings to Summit’s customers. Being backed by a financial institution gives Summit’s customers alternatives and possibilities beyond the current solutions.” McArdle and Reed will continue to manage Summit Mortgage as President and Vice President, respectively.

“We look forward to the positive results of our partnership with MutualBank,” President and Loan Originator at Summit Mortgage, Shawn McArdle says. “We appreciate the investment MutualBank is making in Summit Mortgage. We look forward to a more comprehensive array of products and services as we continue to provide excellent care for our customers in Northeastern Indiana and Southern Michigan.”

Beasley & Gilkison, LLP provided legal representation to MutualBank in the transaction and Summit Mortgage, Inc. was represented by Barrett & McNagny, LLP.

MutualFirst Financial, Inc. is the parent company of MutualBank, an Indiana-based financial institution. The company has thirty full-service retail financial centers in Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash Counties in Indiana. MutualBank also has two offices located in Carmel and Crawfordsville, Indiana specializing in wealth management and trust services and a loan origination office in New Buffalo, Michigan. MutualBank is a leading mortgage lender in each of the market areas it serves, and provides a full range of financial services including business banking, wealth management, trust services, investments and internet banking services. The Company’s stock is traded on the NASDAQ National Market under the symbol “MFSF” and can be found online at www.bankwithmutual.com.

Contact: Pat Botts, President and COO
Phone Number: 765-747-2900

Free Checking

Mutual News
  • Josh Kent appointed as LPL Financial Advisor at MutualBank

    MISHAWAKA, INDIANA – MutualBank and LPL Financial...

    Monday, February 1, 2016

    READ ARTICLE

View Archived Releases
Mutual Blog

Security Reminder / Fraud Texts & Calls

Some of our customers are receiving texts like the one pictured below or are receiving phone calls asking for their account information. If you do receive this text or any communication asking for your account information, DO NOT click on the link or provide any of your account information. Only log into your account via bankwithmutual.com. If you have received this text and have provided your account information, please contact us immediately (800-382-8031) so we can take measures to protect you.

Please be aware this is not a data breach. The texts are going to all Muncie cell phone numbers in a range. So far we are aware of 765-716-xxxx 765-717-xxxx and 765-729-xxxx and 765-724-xxxx. It is going to all of the numbers, not just MutualBank customers.

Wednesday, February 10, 2016

READ BLOG ENTRY

View Archived Posts

Connect with us:

(800) 382-8031

  • Facebook
  • Youtube
  • twitter
  • RSS Feed