MutualBank has announced the acquisition of the trust business of First Farmers Bank and Trust in Converse, Ind. The trust business will be merged into MutualBank’s existing trust operation.

David W. Heeter, president and chief executive officer said, “This acquisition will add over $40 million to assets under management in MutualWealth, our Wealth Management group. Total assets under management are now over $500 million as we continue to grow this core business line for our organization.”

MutualWealth provides a full range of trust and investment services including trust and estate administration, investment management, retirement plan services and private banking. Chuck Viater, regional president and director of MutualWealth said, “We are pleased to have this opportunity to deliver our full array of services to an even broader market. Our ability to grow this line of business is an essential part of our bank’s long term strategy.”

MutualFirst Financial, Inc. is the parent company for 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 provides a full range of retail and business financial services throughout Northern Indiana. The Company’s stock is traded on the NASDAQ National Market under the symbol “MFSF” and can be found on the Internet at www.bankwithmutual.com.