MUNCIE, Ind., March 10, 2020 /PRNewswire/ -- MutualFirst
Financial, Inc. (the "Company") (NASDAQ: MFSF) announced today that
it received the requisite approvals of its stockholders for the
Company's pending merger with Northwest Bancshares, Inc.
("Northwest") at a special meeting of the Company's stockholders
held on Friday, March 6, 2020.
Detailed voting results will be provided in a Current Report on
Form 8-K to be filed by the Company with the Securities and
Exchange Commission.
Completion of the merger remains subject to regulatory approvals
and other customary closing conditions. Upon completion of the
transaction, each outstanding share of the Company's common stock
will be converted into the right to receive 2.4 shares of Northwest
common stock. The transaction is expected to close in the second
quarter of 2020.
MutualFirst Financial, Inc. is the parent company of MutualBank,
an Indiana-based financial
institution since 1889. MutualBank has thirty-six full-service
retail financial centers throughout Indiana. MutualBank has two offices located in
Fishers and Crawfordsville, Indiana specializing in wealth
management and trust services. MutualBank provides a full range of
financial services including commercial and business banking,
personal banking, wealth management, trust services, investments
and internet banking services. The Company's stock is traded on the
NASDAQ National Market under the symbol "MFSF". Additional
information can be found online at www.bankwithmutual.com.
Statements contained in this release, which are not historical
facts, are forward-looking statements, as that term is defined in
the Private Securities Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from those currently anticipated due
to a number of factors, which include, but are not limited to
factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time.
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SOURCE MutualFirst Financial, Inc.