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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

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A new wi-fi security risk that may affect you

If you’re like most Americans, you probably access the internet most of the time from your home’s wireless network. While this is a nice convenience, having a router (the device that sends out the wi-fi connection signal) opens up some security vulnerabilities that you need to proactively protect against.

Whether your internet service provider  you a router or if you have your own, from time to time there can be different types of router-based vulnerabilities that emerge, potentially putting your browsing privacy and information at risk.


A New Router Vulnerability: The Misfortune Cookie


 A new vulnerability has been discovered that affects a least 12 million home or small office routers called the Misfortune Cookie (CVE-2014-9222). This vulnerability can be exploited to give an intruder remote access to a home router and can be used to attack different devices that are connected to that router.

If the attacker can exploit this Misfortune Cookie Vulnerability on your router, the attacker will now be in the middle between you and the internet. The attacker could see all information flowing in and out of that router. This could enable them to capture usernames/passwords, sensitive banking information, and many other types of highly sensitive information flowing though the router.

 


What can you do about it?


1. Check to see if your router model is on the vulnerability list:
https://www.checkpoint.com/downloads/partners/Misfortune_Cookie_FAQ.pdf

2. Check with the maker of your router to see if they’ve released an update that fixes the Misfortune Cookie Vulnerability.

3. Enable a firewall
A firewall is a software program or piece of hardware that helps screen out hackers, viruses that try to reach your computer over the Internet. Most operating systems that come with a PC or an Apple computer have firewall capabilities. Learn more here (http://www.microsoft.com/security/pc-security/firewalls-whatis.aspx)

4. Make sure there is an “https://” at the beginning of your browser’s address bar when visiting a site.
This simply indicates that the site you are browsing has extra security protocols in place to protect your information shared on the site. This is especially important on sites where provide sensitive information (like your financial institution’s website or an online store).

5. Update all of your software regularly and use an antivirus program
Software programs also have potential to create security risks if they are not updated on a regular basis. Whenever there is an update for software you have, it’s always a best practice to install the update. The same goes for your antivirus software. Always make sure it’s up to date and running on your machine / device.

Saturday, January 24, 2015

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