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Mr. Davis currently serves as President of the Ball State Innovation Corporation. Since 2003, Mr. Davis has been the Chairman of Ontario Systems, LLC, a computer software company located in Muncie, Indiana, which he co-founded in 1980. Mr. Davis also served as President of Ontario Systems, LLC, from 1980 until July, 2008. He is the Chairman of the Board of Directors of the Company and the Bank. Mr. Davis brings management expertise, as well as information technology knowledge to the Board. His participation in our local business community for 30 years brings a knowledge of the local economy and business opportunities to the Bank.

Mr. Patrick C. Botts has served on the Board of directors of MutualFirst Financial, Inc. (the "Company") since 2003. He is the Executive Vice President of the Company and President and Chief Operating Officer of MutualBank (the "Bank") since November 2003. Prior to that appointment, he had served as the Executive Vice President and Chief Operating Officer of the Bank since April 2002. From 2001 to 2002, he served as Vice President of Human Resources, Marketing and Administration of the Bank. Prior to 2001, he served as Vice President of Retail Lending for the Bank and has been employed by the Bank since 1986.

Mr. Crull is a Certified Public Accountant; member and managing partner of the accounting firm of Whitinger & Company, LLC, Muncie, Indiana, since 1979.

President and Chief Executive Officer of MutualFirst Financial, Inc. (the "Company") and Chief Executive Officer of MutualBank (the "Bank") since 2003. In 2002, he became the Executive Vice President of Company and the Bank. From 2001 to 2002, he served as Executive Vice President and Chief Operating Officer of the Bank. Prior to 2001, he served as Vice President of Human Resources, Marketing and Administration of the Bank. He started with the Bank in 1986.

Mr. William V. Hughes has served as director of MutualFirst Financial, Inc. since 1999. He is a partner in the law firm of Beasley & Gilkison, LLP, Muncie, Indiana, since 1977, which serves as general counsel to MutualBank (the "Bank"). Prior to 1999, he was an Advisory Director to the Bank from January 1995 to April 1999.

Mr. Levy has been an officer and owner of Freeman-Spicer Financial Services, Inc., a business financing and leasing company, and Freeman-Spicer Accounting Services, Inc., a small business accounting and computerization company for more than five years and is a 50% owner and managing partner in two real estate partnerships. In 2005, he became an executive officer of Take Out Foods International, Inc. based in Indianapolis, which is engaged in the business of ordering food over the Internet. During 2010, he became chairman of the board of One-Touch Automation, Inc., a company engaged in home and business automation and security systems in Indiana. He is also a partner in CVM Productions, Inc., a video production company specializing in Comp Video and Live Sports Broadcasting. He had served as a director of MFB Corp. and its banking subsidiary for three years prior to their acquisition by the Company in 2008. Mr. Levy's extensive knowledge of investments, insurance and these regulated industries supports the Board's and Trust Committee's knowledge in these areas. He also brings that understanding of regulations to the Audit/Compliance Committee. Mr. Levy's background in finance, real estate and management is also important to his service on our Audit/Compliance Committee.

Mr. Marien is employed by R. W. Baird, a registered broker/dealer and investment advisor firm. He has an active FINRA Series 7 License and Series 66 Indiana License. He retired in 2009 as Account Manager for IT/Signode Corp., a division of Illinois Tool Works (packaging of steel industry products and services, Glenview, Illinois), after 40 years of service. He had served as a director of MFB Corp. and its banking subsidiary for 21 years and was chairman of the board of MFB Corp. for five years prior to the acquisition by the Company in 2008. Mr. Marien brings his prior knowledge of the trust business of MFB Corp. to his service on our Trust Committee. His participation in our local business community for 30 years brings knowledge of the local economy and business opportunities to the Bank.