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MutualBank (MFSF) in Muncie Ind., has agreed to buy Summit Mortgage in Fort Wayne, Ind.
July 2 -
PL Capital has taken a $7 million stake in MutualFirst Financial (MFSF) in Muncie, Ind.
April 4
MutualBank in Muncie, Ind., said it has closed the acquisition of Summit Mortgage, in Fort Wayne.
In July, the $1.3 billion-asset bank
Summit's president, Shawn McArdle, and vice president Vicki Reed will continue to manage the company in those same roles, Pat Botts, president and chief operating officer of MutualBank, said in a press release Friday.
MutualBank runs 30 retail financial centers and two branches in Indiana and a loan origination office in New Buffalo, Mich.
Beasley & Gilkison represented MutualBank, while Summit Mortgage was represented by Barrett & McNagny, LLP.