MUNCIE, Ind., Oct. 18, 2019 /PRNewswire/ -- MutualFirst
Financial, Inc. (Nasdaq: MFSF) ("MutualFirst" or the "Company")
announced today with great sadness the untimely passing of its
director and MutualBank's (the "Bank") President and Chief
Operations Officer Patrick Botts. He
was 55.
"We are deeply saddened by Patrick's sudden passing," said
David W. Heeter, MutualFirst's
President and Chief Executive Officer. "He was the consummate
professional, a strong leader of the Bank and a trusted friend. He
has helped guide the Company and the Bank for over 33 years and it
was a privilege and honor to know and work alongside him. All of us
at MutualFirst and MutualBank will miss Pat greatly and we express
our heartfelt condolences to his family for their loss."
Mr. Botts served as Executive Vice President of MutualFirst
Financial and President and Chief Operating Officer of MutualBank
since November 2003. During the years
prior to that appointment, he had served as the Executive Vice
President, Vice President of Human Resources, Marketing and
Administration and Vice President of Retail Lending for the Bank
and had been employed by the Bank since 1986. Under his leadership,
MutualBank experienced growth in earnings and assets and
successfully integrated the acquisitions of MFB Financial in 2008
and BloomBank in 2018.
As a result of Mr. Bott's passing, the board of directors of the
Bank has appointed David W. Heeter
as the President and Chief Executive Officer of MutualBank
effective immediately. In addition, the boards of directors of
MutualFirst and MutualBank have reduced the size of their
respective boards from 13 members to 12 members.
MutualFirst Financial, Inc. is the parent company of MutualBank,
an Indiana-based financial
institution since 1889. MutualBank has thirty-nine full-service
retail financial centers throughout Indiana. MutualBank has two offices located in
Fishers and Crawfordsville, Indiana specializing in wealth
management and trust services and a loan origination office in
New Buffalo, Michigan. MutualBank
also operates a wholly owned subsidiary named Summit Mortgage which
operates out of Fort Wayne,
Indiana. 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 Global 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 Litigation 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.
View original
content:http://www.prnewswire.com/news-releases/mutualfirst-financial-inc-mourns-the-loss-of-mutualbanks-president-and-chief-operating-officer-patrick-botts-appoints-david-w-heeter-president-and-chief-executive-officer-of-mutualbank-300940878.html
SOURCE MutualFirst Financial, Inc.