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  • MutualBank Announces the Addition of Ryan Woodruff

    Published Tuesday, October 28, 2014

    SOUTH BEND, INDIANA – MutualBank announces the addition of Ryan Woodruff as Area Manager of St. Joseph County. Woodruff joins the bank from Notre Dame FCU where he served as Director of Retail Banking. Woodruff will be responsible for the MutualBank Financial Centers throughout South Bend. Woodruff has nearly twenty years of leadership experience more»
  • MutualFirst Announces Increased Third Quarter 2014 Earnings

    Published Monday, October 27, 2014

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income available to common shareholders for the third quarter ended September 30, 2014 increased to $2.7 million, or $.38 for basic earnings per common share and $.36 for diluted earnings per common share. This more»
  • MutualBank Announces Winners of the BetterLife Award

    Published Monday, October 20, 2014

    MUNCIE, INDIANA – MutualBank is pleased to announce the winners of the BetterLife Award, as part of the 125th Anniversary Celebration. This past Saturday, MutualBank hosted the BetterLife Awards Celebration in Warsaw, Indiana at Grace College. Over 300 people were in attendance including nominators of the BetterLife award, nominee finalists of the more»
  • MutualBank CEO Honored as Sagamore of the Wabash

    Published Friday, October 10, 2014

    MUNCIE, INDIANA – MutualBank CEO, Dave Heeter, was honored with the Sagamore of the Wabash by Gov. Mike Pence on September 30 at the Annual Convention of the Indiana Bankers Association (IBA) in French Link, Indiana. The award was presented to Heeter by Sen. Jim Merritt, R, District 31. The Sagamore of the Wabash recognizes Hoosiers who complete more»
  • David Neeser Hired as Business Banker for MutualBank in Elkhart

    Published Wednesday, August 20, 2014

    ELKHART, INDIANA – MutualBank announces the hiring of and welcomes David Neeser as Vice President and Business Banker. In his role, Neeser will work with the commercial customers of Elkhart and surrounding counties, ensuring they receive high quality service with their banking relationship. “I am very excited about this opportunity to partner more»
  • MutualBank Closes on Acquisition of Fort Wayne Mortgage Company

    Published Friday, August 1, 2014

    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 more»
  • MutualFirst Announces Increased Earnings in the Second Quarter 2014

    Published Tuesday, July 22, 2014

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income to common shareholders for the second quarter ended June 30, 2014 increased to $2.6 million, or $.36 for basic earnings per common share and $.35 for diluted earnings per common share. This compared to net more»
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  • Brent Barnhart Hired as Mortgage Lender for MutualBank in Granger

    Granger, INDIANA – MutualBank welcomes Brent...

    Thursday, June 25, 2015

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Mutual Blog

What exactly is a software vulnerability?

You may have heard recently about a major security vulnerability that was found in the Internet Explorer browser, specifically for those using it on the Windows XP operating system. This issue has since been addressed by Microsoft, but we thought we would provide you a more detailed understanding of what a vulnerability is and share some tips to protect your computer against them.

What is a software vulnerability? 

A software vulnerability is a flaw in an application that can be used in a certain manner by hackers to perform an unwanted action.   You may also have heard of vulnerabilities being referred to as security bugs.  These bugs are typically fixed by the software vendor in a short period of time after the vulnerability is made public by updating the affected software.  Almost all software is vulnerable at one time or another. 

How are vulnerabilities exploited by hackers? 

Hackers write software that takes advantage of the vulnerability making the application perform in an unwanted manner.  The hacker can deliver the malicious software to the victim by a number of mechanisms.  This is typically done by sending the victim an email that appears to be legitimate, but actually contains a link to an infected site.  If the victim clicks the malicious link in the email, their machine could become infected due to the vulnerable software on their machine. Hackers are constantly discovering and writing exploits for vulnerable software in an attempt to make money, gain notoriety, and steal confidential information.  

Programs with Frequent Vulnerabilities 

Java and Adobe exploits make up a large percentage of the total exploits available to hackers.  Java runs on approximately 3 billion machines worldwide. That’s a large attack footprint.  Java usually runs in the background and helps many applications function.  Adobe makes various products like Reader, Flash, Photoshop, Adobe AIR, and etc.  Most people have these programs installed on their machines.  Historically, these two companies release urgent security updates every few weeks.  


Tips to Remember


Two of the most important tips to remember when it comes to securing your computer are to:

  • Enable automatic updates for your operating system and applications
    Set your operating system, applications, and antivirus to check for daily updates. Below we’ve linked to some tutorials that show you how to enable automatic updates for your specific Windows operating system. Mac operating systems have automatic updates installed by default.

    From an application perspective, each program has its own settings regarding automatic updates. Most applications have updates installed by default or will alert you when an update is available, but it is best practice to ensure that all of your installed applications do have automatic updates enabled. You can do this most likely through the applications settings or preferences options.

Automatic Update Tutorials:
Windows XP, Windows Vista, Windows 7
Windows 8

  • Use a good antivirus product
    We are unable to officially recommend a specific antivirus product, but Bitdefender and Avast are highly rated.  Remember that antivirus isn’t fool proof.  Typically, antivirus has about a 60-70% detection rate.  Also, Mac users should install an antivirus program as well. A common misconception is that Mac computers aren’t susceptible to viruses but that is a misnomer. They may be less likely to get viruses than PCs, but they are indeed still vulnerable.  

It’s best to think of the security of your information in terms of layers.  Updating all your software is the first security layer.  Using an updated antivirus is the second layer of protection against an exploit. Employing this dual layered strategy will greatly reduce your risk to potential vulnerabilities.

If you have any specific questions or thoughts, please let us know below!

Tuesday, May 20, 2014

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Personal Banking Security Measures for the 21st Century

clientuploads/21st-Century-Securitysquare180.pngMany of us are constantly connected to the online world these days. This means that the potential is there for our computers and personal information to be compromised which greatly increases the risk of ID theft and financial fraud to occur. However, by taking some basic precautions you can significantly reduce the risk of your computing environment being compromised. Following these simple guidelines should help your computing environment become more secure:

Use an antivirus program

This is your first line of defense against any virus threat. While we can't endorse any specfic antivirus program, AVG and Avast! are two decent free options you can check out.  

Keep your computer and software up-to-date

Keep your computers and network equipment secured with the latest software updates and enable automatic updates whenever possible.  This includes updates to third party applications such as Java and Adobe Products.  

Use hard drive encryption

In the event your machine is lost or stolen, drive encryption can prevent others from accessing the data on your hard drive.  The purpose is to encrypt or scramble your data on your machine so that it can only be read with your encryption key.Many operating systems offer drive encryption.  Microsoft offers Bitlocker and Apple has FileVault. There are also other third party encryption offerings.   

Enable your firewall

Think of the firewall to your computer as the fence around your property.  If there were multiple holes cut in the fence, it wouldn’t be very useful at keeping people out.  Firewalls are typically enabled by default on Windows machines, but double check to make sure it’s on.  Here are instructions to do so if you are using Windows 7. Only allow necessary applications inbound access through your firewall. The same principles apply to your network firewall. 

Configure your screensaver

Set an auto-locking screensaver so your account gets locked out after a few minutes.  This is useful if you forget to lock your machine when are away from it. On Windows machines this can usually be done by pressing the “Windows Key” and the “L” button simultaneously.

Make your passwords stronger

The longer and more complex the password, the better.  At least 16 characters with a combination of upper and lowecase letters, numbers, and special characters is a best practice.

Configure your router

Use the strongest wireless security available (currently WPA2-CCMP) with a long and complex password for your wireless network. Disable WPS on your wireless router for greater security.   

 


Think that some secure banking information
of yours has been compromised?

If you suspect that your personal financial information has been compromised, call MutualBank Customer Support at 800-382-8031.


 

Monday, April 7, 2014

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A Culture of Giving

The Merriam-Webster Dictionary defines “culture” as the beliefs, customers, arts, etc., of a particular society, group, place or time.

The MutualBank culture has always been one to support our community and particularly our local United Way agencies. You might be wondering “Why support the United Way?” or “Why not just support the non-profits directly?”

As a financial institution, we get asked for sponsorships and donations all throughout the year. There are many great causes in Indiana and especially within our footprint. Unfortunately, we cannot financially support each one of these efforts. Certainly we wish we could, but we cannot. It is because of this conundrum that we have a culture of supporting the United Way.

In short, United Way acts like a funnel for funds donated. It gathers and pools together as many of the resources that are available in the community. Then it takes a look at the areas of greatest need and distribute funds back out. While we are involved in our communities, we are not a non-profit who fills a void in the community. As economies change, so do the needs. As companies close, schools consolidate or demographics change, the needs in our community change. The United Way keeps a pulse on those changes, enabling opportunities for the needs of our direct community to be met.

MutualBank’s vision is to help people live better lives. We do that by helping our customers and communities receive banking products and services that align with their lifestyle. We help by living out our “Four C’s”: Character, Compassion, Class and Competition. But we also live out our vision by impacting the community around us in a positive way. In 2013, I think we did just that.

Across our footprint (Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash counties), MutualBank contributed $117,800 to the United Way in 2013! The donations came from MutualBank employee donations, MutualBank retiree donations and a donation through the MutualBank Charitable Foundation. This shows through each individual donation, we can come together with one purpose of helping people.  Just like the United Way, we can join efforts to make brighter headlines and lasting impact.

A special “Thank You” to MutualBank employees from Pat Botts,
President & COO:

“I am consistently amazed at the generosity our staff shows towards people who need us. Thanks for making this a great place to call home! Thank you for believing in the MutualBank culture of helping people live better lives. Thank you for being generous with your time and resources so that we can make a lasting impact on the communities where we work, live and play." 

Thursday, February 13, 2014

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Congratulations to Greg Binkerd!

We are so proud of our employees. Many of our employees dedicate time to organizations and groups outside the walls of MutualBank to extend our vision of helping people live better lives. This past week, one of our employees was honored by the dedication, time and efforts he spent giving back.

Greg Binkerd, Financial Center Manager at MutualBank’s 15 North Financial Center in Warsaw, was named the Warsaw/Kosciusko County Chamber of Commerce Ambassador of the Year! Greg has been a tireless worker for the Chamber, lending a helping hand at everything from their special events to member outreach and retention.

MutualBank would like to take a moment to thank Greg for his dedication to the Warsaw and Kosciusko County community. We appreciate all you do to help people live better lives!

https://www.bankwithmutual.com/clientuploads/BlogPictures/Binkerd_Chamber Ambassador Web.jpg

Pictured: (L to R) Greg Binkerd and Mark Dobson, Chamber President

Thursday, February 6, 2014

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Our Employees Make a Difference

The Merriam-Webster Dictionary defines “culture” as the beliefs, customers, arts, etc., of a particular society, group, place or time.

The MutualBank culture has always been one to support our community and particularly our local United Way agencies. You might be wondering “Why support the United Way?” or “Why not just support the non-profits directly?”

As a financial institution, we get asked for sponsorships and donations all throughout the year. There are many great causes in Indiana and especially within our footprint. Unfortunately, we cannot financially support each one of these efforts. Certainly we wish we could, but we cannot. It is because of this conundrum that we have a culture of supporting the United Way.

In short, United Way acts like a funnel for funds donated. It gathers and pools together as many of the resources that are available in the community. Then it takes a look at the areas of greatest need and distribute funds back out. While we are involved in our communities, we are not a non-profit who fills a void in the community. As economies change, so do the needs. As companies close, schools consolidate or demographics change, the needs in our community change. The United Way keeps a pulse on those changes, enabling opportunities for the needs of our direct community to be met.

MutualBank’s vision is to help people live better lives. We do that by helping our customers and communities receive banking products and services that align with their lifestyle. We help by living out our “Four C’s”: Character, Compassion, Class and Competition. But we also live out our vision by impacting the community around us in a positive way. In 2013, I think we did just that.

Across our footprint (Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph and Wabash counties), MutualBank is contributing $117,800 to the United Way! The donations came from MutualBank employee donations, MutualBank retiree donations and a donation through the MutualBank Charitable Foundation. This shows through each individual donation, we can come together with one purpose of helping people.  Just like the United Way, we can join efforts to make brighter headlines and lasting impact.

A special “Thank You” to MutualBank employees from Pat Botts,
MutualBank President and COO:

“I am consistently amazed at the generosity our staff shows towards people who need us. Thanks for making this a great place to call home!”

Thank you for believing in the MutualBank culture of helping people live better lives. Thank you for being generous with your time and resources so that we can make a lasting impact on the communities where we work, live and play. 

https://www.bankwithmutual.com/clientuploads/BlogPictures/CheckDelivery_UWDC_web.jpg(From L to R): MutualBank Senior Vice President and United Way Campaign Chair, Chris Caldwell and CEO and Executive Director of the United Way of Delaware County, Jenni Marsh.

Tuesday, December 17, 2013

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What Happens When You're Gone: Administrating An Estate

Scavenger Hunt was a very funny 1979 movie about settling the will of fictional game maker “Milton Parker”. Various groups of potential heirs- family, servants, and other acquaintances- had to play Mr. Parker’s final game, a scramble to find items on a scavenger hunt list to accumulate the most points in order to be sole heir of his fortune. 

After many humorous adventures acquiring the items it looked as though Mr. Parker’s greedy sister would win but the other groups gave their items to the more deserving granddaughter who won and shared the fortune with all but the greedy sister.

It was a lesson in how people can come together under adverse circumstances, overcome greed, and be happier for it. Unfortunately in real life the loss of a loved one is very serious and settling an estate can often be very difficult for those left behind.

Administering an estate is a demanding and complex business that can take months or years to complete. Executors (also called personal representatives) must know how to locate and place a value on all of your assets such as bank accounts, investment accounts, real estate, and personal property and to determine and pay all debts and claims against your estate.

The executor must work with your attorney to open the estate, manage, maintain and protect your property and investments while the estate is being settled, calculate and pay all taxes and file tax returns, distribute your assets as directed and give an accurate final accounting if required.

Your executor should not be emotionally involved in the situation. For an already distraught relative or friend the job can be overwhelming. In addition, a relative or friend acting as executor might create family conflicts, jealously, or mistrust. Appointing a neutral, unbiased third party eliminates the potential for this type of trouble.

Your executor must be competent and experienced in settling estates and should be trained in investments, tax law, business, and accounting.

Your executor must always be available. Will an individual executor be in good health and nearby when needed possibly many years later? An executor who lives in a different city or co-executors who live in separate states will find it difficult to complete the tasks on a timely basis.

Your executor is held legally and financially responsible and must have the resources to correct or compensate for any errors.

MutualWealth Management Group will always be available to carry out your wishes as expressed in your will efficiently and effectively unaffected by inexperience, biases or family pressures.

In order to have the professionals in our MutualWealth Management Group administer your estate, contact your attorney and have MutualBank named as your executor or personal representative; or contact us and we will help you gather the information you need before visiting your attorney.

This blog was brough to you by David Riggs, Vice President and Trust Investment Officer with the MutualWealth Management Group.

Monday, December 2, 2013

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Deer Need Banking Too

Not too long ago I saw a post on MutualBank’s Facebook page of a picture of three deer at our Bethel Financial Center in Muncie and the caption read, “Deer need banking, too.” I thought this was a pretty neat picture and post. I know it’s the time of year for deer to be out and about. Deer have been on my mind recently, believe it or not, and the above-mentioned Facebook post was just one of the reasons. And no, I’m not a hunter.  You see, I just turned 36 and I remember 20 years ago finally snagging my driver’s license. My Dad gave me a lot of advice but not necessarily about driving. I grew up in one of ‘those’ families who let their kids drive at an early age, dating back to sitting on Dad’s lap and him working the pedals with me at the wheel. Looking back, I’m sure Dad probably had a hand ready to take the wheel, but he chose to give me that experience and showed me trust even at an early age. 

You’re probably reading and thinking what in the heck does this have to do with banking. Well, not much, but it does have a lot to do with experience, advice, and learning. The advice Dad gave me at 16 still runs through my head today. One piece of Dad’s advice was, “When it starts to rain, oil raises to the top of the pavement and the road will get slick.” Another was, “Keep an eye out for other drivers. At night, don’t rely on looking for headlights, look harder and make sure there are no cars coming when you turn on to a busy road.” Receiving my license in a rural town in Indiana during harvest season led him to give me one additional piece of advice, “When it is harvest season, deer are scared because of all of the farm equipment.  Many deer are in the fields and will run across the road to get away from the tractors. Keep an eye out for deer.”

I recently told Dad as we were driving late at night, “Dad, you know one thing I never forget is you telling me during this time of year, keep an eye for deer.” We chuckled and had a moment that is kind of cool for a young man, at one time a little boy, to share with his father. It was special to let him know that his seemingly insignificant advice wasn’t insignificant at all. Just a few moments later as we approached a curve there stood three deer right beside the road. We both emphatically said – “look there, right there they are!” We again chuckled at my coincidental earlier comment. I listened to my Dad’s advice.

A few weeks later I was teaching a customer service class at MutualBank.  A piece of this two-day training is lunch with our COO the first day and our CEO the second day.  During our CEO’s presentation he talked about experience as a key component to growth and development.  That’s when he made a comment that struck me and it brought all of my driving experience and my Dad’s advice to the forefront of my mind. Dave, our CEO said, “I had a mentor, the President before me, who said, ‘Dave, you can only get 10 years experience in 10 years’.” This comment, this simple truth, was profound.  It’s true. Dad had several years of experience that he imparted on me as I started driving. As simple as it may be, it made a difference to me. Sometimes we need a mentor, someone to guide us and give us advice to help us grow personally and professionally. I’ve had several influential individuals, like my Dad, my previous managers, current manager, co-workers and friends who have given me great personal and professional advice.  I’m thankful after 14 years of working at MutualBank for the advice, experience, and opportunities I have been given.

If you are looking for a great organization that believes in its employees and gives them opportunities to gain experience, then I would encourage to look at working at MutualBank. We are defined by core values of Character, Compassion, Class, and Competition. I can relate each of these to my personal and professional life and even to that great advice my Dad gave me as young driver hitting the road for the first time alone. Ready to grow, learn, and work for a great organization? MutualBank might be the right fit for you!

 

This blog is brought to you by Chase Batt, Assistant Vice President and Training Manager at MutualBank.

Tuesday, November 19, 2013

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Plan Is Not A Four Letter Word: Budgeting for 2014

Well, yes, technically, it IS a four letter word.  But I think you know what I mean. 

In today’s world, people cringe at the word “budget”.  It is synonymous with “belt-tightening”, “frugalness” etc.  All words that make the American consumer love for spending groan.  Insert eye-roll here. 

A high percentage of the American people live paycheck to paycheck.  Some don’t know what most of their money is spent on.  

With a little planning and budgeting, looking ahead and making solid changes can be pretty simple to do.  Here are a few tips to help in this process.

  1. Make a detailed list of expenses.  If you use a checking account, this is as easy and sitting down with your bank statement through eStatements or Online Banking and looking at the month in a snapshot.  List all recurring debts such as loan payments, utilities, credit cards bills.  Also add up trips to the grocery, etc. 
  2. Add up your monthly income, after deductions.   This includes taxes and another other deductions you have, such as 401K, insurance, etc. 
  3. Deduct number one from number two.  This is your disposable income.   If you have a negative number, you need to look at number 1 again and see if there is something you can cut, or if you are overspending in areas such as grocery, eating out, etc.
  4. Once you get a manageable figure, you can then look at your budget.  There are lots of good budgeting tools free on the internet that you can use to figure out where your money is going.

The key to this is making it work for you.  Not all budgeting programs work for everyone.  Make sure you give yourself some grace.  Changes to lifestyle don’t happen overnight.  Allow yourself some “free” money.  Get your kids involved.  Make it a game.  There are lots of things to do with this so you can get a better handle on your finances. 

Remember, planning may not be something that comes naturally to all, but it can be learned.  

This blog is brought to you by Debra Jones-Price, Financial Center Manager at MutualBank's Bethel Financial Center in Muncie, Indiana. 

Thursday, October 24, 2013

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Press Releases

  • MutualBank Announces the Addition of Ryan Woodruff

    Published Tuesday, October 28, 2014

    SOUTH BEND, INDIANA – MutualBank announces the addition of Ryan Woodruff as Area Manager of St. Joseph County. Woodruff joins the bank from Notre Dame FCU where he served as Director of Retail Banking. Woodruff will be responsible for the MutualBank Financial Centers throughout South Bend. Woodruff has nearly twenty years of leadership experience more»
  • MutualFirst Announces Increased Third Quarter 2014 Earnings

    Published Monday, October 27, 2014

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income available to common shareholders for the third quarter ended September 30, 2014 increased to $2.7 million, or $.38 for basic earnings per common share and $.36 for diluted earnings per common share. This more»
  • MutualBank Announces Winners of the BetterLife Award

    Published Monday, October 20, 2014

    MUNCIE, INDIANA – MutualBank is pleased to announce the winners of the BetterLife Award, as part of the 125th Anniversary Celebration. This past Saturday, MutualBank hosted the BetterLife Awards Celebration in Warsaw, Indiana at Grace College. Over 300 people were in attendance including nominators of the BetterLife award, nominee finalists of the more»
  • MutualBank CEO Honored as Sagamore of the Wabash

    Published Friday, October 10, 2014

    MUNCIE, INDIANA – MutualBank CEO, Dave Heeter, was honored with the Sagamore of the Wabash by Gov. Mike Pence on September 30 at the Annual Convention of the Indiana Bankers Association (IBA) in French Link, Indiana. The award was presented to Heeter by Sen. Jim Merritt, R, District 31. The Sagamore of the Wabash recognizes Hoosiers who complete more»
  • David Neeser Hired as Business Banker for MutualBank in Elkhart

    Published Wednesday, August 20, 2014

    ELKHART, INDIANA – MutualBank announces the hiring of and welcomes David Neeser as Vice President and Business Banker. In his role, Neeser will work with the commercial customers of Elkhart and surrounding counties, ensuring they receive high quality service with their banking relationship. “I am very excited about this opportunity to partner more»
  • MutualBank Closes on Acquisition of Fort Wayne Mortgage Company

    Published Friday, August 1, 2014

    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 more»
  • MutualFirst Announces Increased Earnings in the Second Quarter 2014

    Published Tuesday, July 22, 2014

    Muncie, Indiana - MutualFirst Financial, Inc. (NASDAQ: MFSF), the holding company of MutualBank (the “Bank”), announced today net income to common shareholders for the second quarter ended June 30, 2014 increased to $2.6 million, or $.36 for basic earnings per common share and $.35 for diluted earnings per common share. This compared to net more»
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