What Does MutualBank Do?

Total employees131
HeadquartersMuncie
Founded1889

MutualBank, originally founded in 1889 as Muncie Mutual Home Loan Association, was a dedicated community bank headquartered in Muncie, Indiana. It focused on providing comprehensive banking services, including personal and business banking, loans, and wealth management, primarily to communities across Indiana. Known for its customer-centric approach and local engagement, MutualBank was acquired by Northwest Bank in 2020, integrating its operations and legacy into a larger regional banking network.

Where Is MutualBank's Headquarters?

HQ Function

The Muncie headquarters served as the primary administrative and operational hub for MutualBank, overseeing strategic direction, corporate governance, and support for its network of branches across Indiana.

Notable Features:

The headquarters building was a significant fixture in downtown Muncie, representing stability and financial service in the community. While not an architectural landmark in a broader sense, it was a well-recognized local structure.

Work Culture:

The work culture at MutualBank's headquarters, reflective of its community banking roots, was generally described as customer-focused, collaborative, and supportive, with an emphasis on local engagement and employee well-being.

HQ Significance:

This headquarters was significant as the nerve center of MutualBank's operations for decades, symbolizing its long-standing commitment to serving the financial needs of Indiana residents and businesses since its inception in 1889.

Values Reflected in HQ: The headquarters aimed to embody MutualBank's core values such as community strength, customer trust, integrity in service, and responsible financial stewardship.

Location:

Prior to its acquisition by Northwest Bank, MutualBank was a regional financial institution focused exclusively on serving communities within the state of Indiana, USA. It did not maintain any international offices or have a global operational presence.

Street Address:

110 E Charles St

City:

Muncie

State/Province:

IN

Country:

USA

Where Else Does MutualBank Operate Around the World?

Carmel, IN, USA

Address: 240 E Carmel Dr, Carmel, IN 46032

To serve the financial needs of individuals, families, and local businesses in Hamilton County, contributing to the economic vitality of one of Indiana's fastest-growing areas.

Fort Wayne, IN, USA

Address: 6320 W Jefferson Blvd, Fort Wayne, IN 46804

To support the robust commercial and residential growth in the Fort Wayne metropolitan area and Allen County, providing accessible financial expertise and services.

Buying Intent Signals for MutualBank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading MutualBank? Meet the Executive Team

As of April 2025, MutualBank' leadership includes:

David W. Heeter - Former President & CEO, MutualFirst Financial, Inc. and MutualBank
Patrick J.S. Botts - Former Executive Vice President & CFO, MutualFirst Financial, Inc.
Christopher D. Cook - Former Executive Vice President, Chief Banking Officer
Mark C. Barkley - Former Executive Vice President, Chief Commercial Banking Officer

Who's Investing in MutualBank?

MutualBank has been backed by several prominent investors over the years, including:

Before its acquisition in 2020, MutualBank was a wholly-owned subsidiary of MutualFirst Financial, Inc., which was a publicly traded company listed on the NASDAQ Stock Market under the ticker symbol MFSF. Its investors primarily consisted of institutional investors and individual shareholders.
Historically, stemming from its origins as Muncie Mutual Home Loan Association in 1889, it operated under a mutual structure where depositors were considered members or owners.

What Leadership Changes Has MutualBank Seen Recently?

Hire0
Exits0

MutualBank was acquired by Northwest Bank in April 2020. Consequently, the independent 'MutualBank' entity no longer has its own executive team making standalone hires or experiencing exits. All leadership and organizational changes post-acquisition fall under Northwest Bank's structure. Therefore, there are no executive movements to report for 'MutualBank' in the last 12 months.

What Technology (Tech Stack) Is Used byMutualBank?

Discover the tools MutualBank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

MutualBank Email Formats and Examples

Prior to its acquisition, MutualBank operated under MutualFirst Financial, Inc., and its email domain was typically 'mutualfirst.com'. Common corporate email formats were likely used, such as combining the first initial with the last name.

f[last]@mutualfirst.com

Format

jdoe@mutualfirst.com

Example

75%

Success rate

What's the Latest News About MutualBank?

PR NewswireApril 10, 2020

Northwest Bancshares, Inc. Completes Acquisition of MutualFirst Financial, Inc. (Parent of MutualBank)

Northwest Bancshares, Inc. (NASDAQ: NWBI) announced the successful completion of its acquisition of MutualFirst Financial, Inc., the Muncie, Indiana-based parent company of MutualBank. This merger significantly expanded Northwest Bank's footprint in Indiana, integrating MutualBank's branches and operations....more

GlobeNewswireOctober 22, 2019

MutualBank Parent MutualFirst Financial to be Acquired by Northwest Bancshares

MutualFirst Financial, Inc., the holding company for MutualBank, announced a definitive merger agreement with Northwest Bancshares, Inc. The deal valued at approximately $346 million, aimed to combine MutualBank's strong Indiana presence with Northwest's larger regional network....more

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