Northwest Bancshares Completes Acquisition of MutualFirst Financial (MutualBank)
April 24, 2020
On April 24, 2020 Northwest Bancshares, Inc. completed its acquisition of MutualFirst Financial, Inc., the holding company for MutualBank. The stock-for-stock merger (each MutualFirst share converted into 2.4 shares of Northwest) valued the deal at approximately $213.4 million; MutualBank brought ~$2.1 billion in assets and 36 full‑service offices in Indiana, expanding Northwest's footprint to roughly $12.8 billion in assets and 214 branches.
- Buyers
- Northwest Bancshares, Inc.
- Targets
- MutualFirst Financial, Inc. (MutualBank)
- Industry
- Financial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
First Financial Bancorp Acquires BankFinancial Corporation
January 1, 2026
Financial Services
First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.
-
The First Bancshares Acquires Beach Bancorp, Inc.
April 26, 2022
Financial Services
The First Bancshares, Inc. (The First) entered into and completed a definitive agreement to acquire Beach Bancorp, Inc., the parent of Beach Bank, in an all‑stock transaction valued at approximately $116.7 million based on First Bancshares’ April 25, 2022 closing price. Beach Bank — which operates seven branches across the Florida panhandle and Tampa markets — was merged into The First Bank, expanding The First’s footprint in Northwest Florida and providing an entry into the Tampa market.
-
PNC Completes Acquisition of FirstBank Holding Company
January 6, 2026
Financial Services
The PNC Financial Services Group has completed its acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank, following receipt of regulatory approvals. The deal expands PNC’s presence in Colorado and Arizona; FirstBank customers will continue using existing channels until customer conversions planned for this summer.
-
BancPlus Corporation Acquires First Trust Corporation (First Bank and Trust)
March 1, 2022
Financial Services
BancPlus Corporation completed its acquisition of First Trust Corporation, the parent company of First Bank and Trust, with First Bank and Trust merged into BankPlus effective March 1, 2022. The deal expands BankPlus’s presence in Louisiana—notably New Orleans—creating the seventh-largest bank by deposit market share in that market and resulting in a combined company with approximately $6.4 billion in assets, $5.7 billion in deposits and $4.5 billion in gross loans.
-
Bank First Corporation Acquires Centre 1 Bancorp (First National Bank and Trust)
January 2, 2026
Financial Services
Bank First Corporation (Nasdaq: BFC) has completed its acquisition of Centre 1 Bancorp, Inc., the parent company of The First National Bank and Trust Company. The deal brings First National’s trust and wealth management capabilities into Bank First, expands the combined footprint to 38 branches across Wisconsin and the Stateline area of Illinois, and creates a combined organization with approximately $6 billion in assets.
-
Business First Bancshares Acquires Progressive Bancorp and Progressive Bank
January 5, 2026
Financial Services
Business First Bancshares, Inc. (the holding company for b1BANK) completed its acquisition of Progressive Bancorp, Inc. and its wholly owned subsidiary Progressive Bank. The deal expands b1BANK's presence across North Louisiana, adding nine locations and increasing Business First's total assets to approximately $8.7 billion.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.