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-MutualFirst Financial completes Universal Bancorp merger

Mar 01, 2018 - Global Banking News

Global Banking News - 01 March 2018

Muncie, Indiana-based MutualFirst Financial Inc. (NASDAQ: MFSF), the parent company of MutualBank, has said that it has completed its merger with Universal Bancorp, Bloomfield, Indiana, and its subsidiary BloomBank.

Following the transaction, each share of Universal Bancorp common stock will be exchanged for 15.6 shares of MutualFirst common stock and USD250.00 in cash. With the merger, MutualFirst will now have consolidated assets of USD2.0bn and ...