Mans hands pointing to smartphone and using credit card for online shopping


Online Banking

Keep up with the latest at Mutual Savings Bank!

February 10, 2020

Third Century Bancorp and Mutual Savings Bank Announced Two New Board of Directors 

The board of directors of Third Century Bancorp and Mutual Savings Bank welcomed Angela Coy and Lynnette Gray. They both were appointed to the board of directors effective September 1, 2019.

Angela Coy is a Certified Public Accountant and Partner at Compass Pointe CPA’s in Greenwood, Indiana. She is a graduate of the 2009 class of Leadership Johnson County where she later served on the Board of Directors for 6 years of which 2 of those years were in the role as President. She currently serves on the Franklin College Alumni Council. Previously she has served as a board member for the Franklin Development Corporation, Johnson County Community Organizations Active in Disaster, and the Johnson County Autism Support Group. Angela lives in Franklin with her husband Brad and their son Nicholas.

Lynnette Gray is a partner in the law firm of Johnson Gray & Johnson, a trial counsel practicing in Franklin, Indiana. The bulk of her practice is made up of Plaintiff’s personal injury, mediation, real estate litigation and representing governmental entities on a local level. She is a member of the National Order of Barristers, 1985-87; Board of Directors, Indiana Trial Lawyers Association; Indianapolis Bar Association; Vice-President of the Johnson County Bar Association; American Bar Association; Board of Directors Indiana Trial Lawyers Association; and the Association of Trial Lawyers America. Lynnette resides in Greenwood, Indiana and is active in the community serving with Leadership Johnson County, United Way of Johnson County, 100 Women Who Care, Johnson Memorial Hospital Foundation and JCCOAD.


July 1, 2019

Mutual Savings Bank Announces Core Conversion, How This Will Effect You

Mutual Savings Bank will be converting its main banking systems the weekend beginning Friday,
August 16th. We are undergoing this conversion to better serve our customers with improved
banking experiences, including online and mobile banking.improvements being made during the conversion, as well as to make you aware of the specific
times which services will be down to complete our conversion. We are excited to be able to
offer an improved banking experience, which will include improved online banking, a new
mobile banking app, improved statements, as well as instant-issue debit cards at our locations.

Most of the products and services you rely on to meet your financial goals will not be impacted
by this conversion. However, there are a few changes that are necessary during our conversion
that may impact some customers. Along with summarizing these changes, we have provided
easy to follow instructions to guide you through accessing online banking for the first time
following our conversion.

Read more about these changes at the link below!

Read More


May 30, 2019

Mike Lenahan Joins Greenwood Branch as Loan Officer, Vice President

We are proud to announce that Mike Lenahan has joined the bank as Vice President and Commercial Loan Officer. Mike will be working from the Greenwood Branch location at 2020 South State Road 135 in Greenwood.


Mike joins Mutual Savings Bank after having over 20 years of experience in banking. Most recently, he served as Vice President, Business Banker and Relationship Manager at First Merchants Bank in Greenwood.


“We are pleased Mike has joined our team at Mutual Savings Bank,” said David A. Coffey, President and CEO of Mutual Savings Bank.  “Mike brings a great deal of banking knowledge and experience that will help us make a positive impact in the Greenwood market.”



May 16, 2019

Jerry Petro Elected Chairman of the Board

Jerry D. Petro has been elected, by the Board of Directors,  as Chairman of the Board for both Third Century Bancorp and Mutual Savings Bank.


President and Chief Executive Officer, David Coffey stated, “We congratulate Jerry on being elected to the position of Chairman of the Board.  Jerry has served as a member of our board for many years with distinction.  We look forward to future working with Jerry in this capacity.”  Coffey also stated, “We also want to congratulate and thank our recent Chairman, Robert D. Schafstall, for his leadership.  With Rob remaining on our board until his retirement in May 2020, the transition will be seamless.”


Petro has served as a director of Mutual Savings Bank since 1997 and Third Century Bancorp since 2004. The previous Chairman of the Board, Robert Schafstall, who has served as member of the board for Mutual Savings Bank since 1999, will continue to serve as a member of the Board of Directors for both entities.


Petro is a retired entrepreneur. Prior to his retirement, Mr. Petro owned commercial real estate for light industrial use, bottle water distribution businesses and commercial coatings businesses. Mr. Petro is a graduate of Franklin College and Indiana University (M.S.).



May 14, 2019

Mutual Savings Bank Named a Five Star Member of the IBA

Mutual Savings Bank has been honored as a Five Star Member of the Indiana Bankers Association (IBA). The award was presented on May 2 at the IBA Mega Conference in downtown Indianapolis, in recognition of Mutual Savings Bank’s involvement in the Association throughout 2018.

The Five Star Member designation recognizes those IBA-member banks which demonstrate outstanding commitment to the Association in five areas: political awareness, issues advocacy, life-long learning, IBA volunteerism, and Preferred Service Provider utilization.

The Indiana Bankers Association supports Indiana banking through issues analysis, professional education, and products and services that enhance member banks’ ability to serve their communities.



March 27, 2019

Amber Pittman Announced As New Greenwood Branch Manager

Mutual Savings Bank is proud to announce the hiring of the new Greenwood Branch Manager, Amber Pittman. Pittman, an Air Force veteran, comes to the bank with over 19 years of professional banking experience in Greenwood, Indiana.


Pittman will be the manager of new Greenwood Branch of Mutual Savings Bank. This new branch will be a full-service location. It is anticipated to open during the middle of April.


“Amber joins us with a solid banking background and is committed to helping us bring community banking to the Greenwood area.” said David Coffey, President and CEO of Mutual Savings Bank. “We continue to build a solid team and are very excited to have Amber with us at the bank”



March 27, 2019

Mutual Savings Bank Adds New Branch in Greenwood

The Johnson County-based bank has announced a new branch will open in mid-April. This will be Mutual Savings’ sixth branch, joining three existing locations in Franklin as well as branches in Nineveh and Trafalgar.

The move is an opportunity for Mutual Savings Bank to spread its vision of local, community-focused banking to an area where its customers already are, said David Coffey, president and CEO of the bank.

Read More



February 28, 2019

Jennifer Price-Tennell Joins Mutual’s Commercial Loan Team

Mutual Savings Bank is proud to announced the addition of a new Vice President and Commercial Loan Officer.  Jennifer Tennell, of Franklin, IN, has joined the bank to round out our commercial loan officers.


Tennell, has worked in the banking industry for over 12 years.  She joins Mutual Savings Bank after serving over 12 years with Heartland Community Bank and over 3 years as the Executive Director for the Johnson County Memorial Hospital Foundation. In 2016, Jennifer was awarded the Distinguished Hoosier Award by then-Governor Mike Pence.


“Jennifer is a great addition to our management and commercial loan team.  She had a desire to return to community banking after a few year hiatus. She is active in the community of Franklin and is a respected individual for her time in banking as well as her nonprofit work.” said David Coffey, President and CEO of Mutual Savings Bank. “Now more than ever, the public has a desire to have quality community bankers help them achieve their financial goals.  Jennifer is a quality loan officer and leader. We are pleased she has joined our team to help us meet the needs of our customers.”

Contact Us


Need to Reorder Checks?
Click Here

Refer a Friend

Refer a Friend

Mobile Banking

Download our new mobile app on your smart phone or tablet.

Download on the App Store Get it on Google Play