Please do · 1 317.736.7151, Option 8 | mymsb.bank 1 317.736.7151 8 | mymsb.bank Please do not discard. IMPORTANT INFORMATION! Conversion Details Enclosed

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317.736.7151, Option 8 | mymsb.bank 1

317.736.7151 8 | mymsb.bank

Please do not discard.

IMPORTANT INFORMATION!

Conversion Details

Enclosed.

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Core Conversion

What does this mean for 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. The purpose of this communication is to make our customers aware of the changes and 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.

“This commitment requires us to insure we have the systems that can meet the demands of the markets we serve”

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.

Table of Contents 4 Account Renumbering 5 Statement Enhancements 7 Digital Banking, Debit Cards and ATMs 9 Checking Account Changes 10 Service Charge Schedule 11 Disclosures 16 Locations, Hours & Phone Numbers 16 Conversion Important Dates

Mutual’s location on North Water Street in Franklin in the 1960’s.

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Commitment. Trust. Relevant. We are committed to providing you outstanding customer service and banking products that help you at any stage in life. This commitment requires us to insure that we have systems which can meet the demands of the markets we serve. You trust Mutual Savings Bank. Whether we have been your bank for years or just a few days, you have placed your trust in us. That trust may have been to help you start a business, finance a home or simply hold onto your money. To keep our commitment and maintain your trust, we have to remain relevant as a financial institution. In order to remain a relevant financial service provider, we are converting to a new core service system. All of the details of this conversion are outlined in this booklet. Please, take a few moments to review how this conversion will impact your banking with Mutual Savings Bank. It is true, this conversion will change how we do business. In some cases, we will have a new feel and a new look. However, I am convinced that this conversion will be a game changer for how we serve you.

Sincerely,

Dave Coffey,

President and CEO

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Account Renumbering Over the weekend beginning Friday, August 16th, Mutual Savings Bank will be making changes in our system for the following types of accounts: Loans, CDs and IRAs, and Safe Deposit Boxes. Your new account number can be found in our new online banking solution, or by contacting your nearest Mutual Savings Bank branch. Please note that Checking and Savings account numbers will not be changing as part of this conversion! See below for specific examples of account number changes.

Loans After August 16th, your loan account number will consist of a borrower and note number. Loan numbers will be shortened to eight digits and will become the borrower number. For example, if your loan number previously was 0123456789, it will be shortened to 23456789, and a note number of 10 will be assigned to each loan. So your new number will be displayed as 23456789–10.

Certificates of Deposit and IRAs CD and IRA numbers are also being shortened to eight digits. IRAs will also have a random number added to ensure they are correctly assigned for government reporting. Your new number can be found in our new online banking solution or by contacting us directly.

Safe Deposit Boxes Safe deposit box numbers will be changed to include the branch number. Billing will be automatically updated. You may contact your Mutual Savings Bank branch for more information.

Safe Deposit Box - Billing Changes Currently, safe deposit box customers are billed on their anniversary date—when the account was opened. After August 16th, Mutual Savings Bank will send a billing statement in the middle of the month prior to your safe deposit box anniversary date. Box rent will remain the same as it currently is listed by size. Your rent amount will be included on billing statements generated after August 16th. After August 16th, a $5 late fee will be assessed for any payment 15 or more days overdue.

Account Renumbering

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Statement Enhancements Mutual Savings Bank knows how important full and accurate financial information is to our customers, and we remain committed to keeping the information you need to meet your financial goals at your fingertips. As part of our continual efforts to serve you better - and thanks to the increased flexibility offered through our new core system - we are pleased that we are able to enhance the look and feel of our paper and eStatements effective August 16th.

All customers will receive a statement generated on August 15th. Because these statements are generated in mid-August, you will receive a second statement at the end of August. Because statements are being generated on August 15th, interest will pay for checking and savings accounts on August 16th. After this one-time event, interest for checking and savings accounts will resume paying on your usual interest accrual date. All customers with eStatements will be given access to their check and deposit images on statements generated after August 16th. Customers with eStatements today will need to re-enroll after August 16th to take advantage of online images and eStatements.

Please review the information below on our new statement format.

Your name and address will display here. Please note that going forward only two names will display, though additional customers may be authorized on the account. In addition, the IRS reporting name will now display in the first position on all statements. A summary of statement information is presented here. Look here for balance, Annual Percentage Yield (APY) and other information. This section of your statement summarizes the interest earned on the account, as well as the average balance in the account. The running list of transactions for the account are listed. Transactions are listed in historical order to allow our customers to easily track the balance in the account throughout the statement cycle. Checks and other debits posted during the statement period are listed here in check order.

Statement Enhancements

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Digital Banking, Debit Cards and ATMs Online Banking Beginning on Thursday, August 15th Mutual Online (Electronic Banking) will be unavailable for access to begin the transition to our new core. For questions on your account while Mutual Online is down, please contact one of our branches during normal business hours. On Monday, August 19th you will be able to begin signing on to our new online banking system. Please see the instructions below for a step by step guide to logging in to your account. For assistance with online banking, please call us at 317-736-7151, option 8.

Digital Banking, Debit Cards and ATMs

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Debit Cards As part of our conversion, we will be reissuing debit cards to all of our existing debit card holders. During the first two weeks of August, you will be receiving a new Mutual Savings Bank debit card in the mail. The PIN to your new debit card will also come in the mail a day or two after you receive your new card. Please do not discard either of these mailings. In the early morning of Wednesday, August 14th, your existing Mutual Savings Bank debit card will be deactivated and the new debit cards will be activated for use. For assistance with your debit card, please contact us at 317-736-7151, option 8.

Bill Pay Starting on Thursday, August 15th, you will not be able to schedule new bill payments from Thursday, August 15th through Monday, August 19th. Bill Payments already scheduled for this period will be paid as normal. Mutual Savings Bank is encouraging all Bill Pay customers to save a copy of all of your current payees through the current Bill Pay system prior to Thursday, August 15th.

Mutual Mobile With the core conversion, we will be offering a new, easier to use Mobile Banking App. The old app, Mutual Mobile, will be turned off on Thursday, August 15th. The new app will be available for download from the Apple and Android App Stores on Monday, August 19th. Before logging in on the Mobile App, you must first login to Online Banking. Steps for this are detailed in the above Online Banking section.

ATMs On Wednesday, August 14th, all of our ATMs will go down to transition them to our new core system. We anticipate that our ATMs will be unavailable through Friday, August 16th. For withdraws, please visit any of our Mutual Savings Bank Branch locations in Franklin, Nineveh, Greenwood, or Trafalgar and our associates will be happy to assist you access your account.

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Checking Account Changes While most of our checking accounts will not be changing during the conversion, Mutual Savings Bank will be moving several of our accounts which are no longer offered into one of our currently offered accounts. See below for details on how your account may be affected. This information should be used in conjunction with the Service Charge Schedule and Disclosures included in this packet to fully understand your account. Note that if your account type isn’t listed, we are not making any changes to your account. How to identify your type of account: As an example, if your account number is 017399999, your type of account is a 73, which was Mutual Savings Bank’s free checking product for a number of years. These accounts will now be Absolutely Free Checking Accounts.

ACCOUNT TYPE OLD PRODUCT NEW PRODUCT NAME

01 PASSBOOK SAVINGS STATEMENT SAVINGS

05 KIDS CLUB MUTUAL KIDS CLUB SAVINGS

73 FREE CHECKING

ABSOLUTELY FREE 66 NON INTEREST CHECKING

67 STUDENT CHECKING

71 REGULAR NOW SIMPLE INTEREST CHECKING

72 MUTUAL ADVANTAGE CHECKING 50+ INTEREST CHECKING

98 ACCOUNT ANALYSIS COMMERCIAL CHECKING

Passbook accounts

As noted above, Mutual Savings Bank will stop servicing Passbooks at the time of our conversion in August. Your balance information and history will be visible through online banking starting on Monday, August 19th, and you will begin to receive a statement starting in August. Customers who have questions about their new accounts can contact any of their local Mutual Savings Bank branches before or after the conversion for more information.

Former President Bob Smith, Former President Joe Bridwell, and Fred Tulley in 1965.

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Service Charge Schedule

SERVICE CHARGE SCHEDULE (Effective 8/16/19)

* ACCOUNT ACTIVITY PRINTOUT FEE: $1.00* ACCOUNT BALANCING: $25.00* $19.95* BILL PAY RUSH FEE (SECOND DAY) $14.95* CASHIER'S CHECK: $3.00* COIN COUNTING

MSB CUSTOMER: No charge NON-MSB CUSTOMER: 10%

* COURT ORDER: $50.00* $5.00

* EARLY CLOSURE OF ACCOUNT: $25.00

* $5.00* ESCHEAT PROCESSING FEE: $10.00* EXCESS WITHDRAWAL

FEE(Savings and MMDA): $5.00

* FAX: $1.00/page* GARNISHMENTS: $25.00* LEVY: $75.00* NOTARY FEE

MSB CUSTOMER: No charge NON-MSB CUSTOMER: $2.00

* ON-US CHECK CASHING FOR NON-MSB CUSTOMER Up to $1,000: $5.00 Over $1,000: 1%

* AOD ITEM FEE $35.00* PAID ITEM FEE (NON-AOD ACCTS) $35.00* PHOTO COPIES: $0.10/page* RESEARCH (per hour, one hour minimum): $25.00* REPLACEMENT DEBIT CARD: $10.00* $35.00

* STATEMENT COPY: $5.00* STOP PAYMENT FEE: $35.00* TELEPHONE TRANSFERS: $5.00* TRANSFER FEE (Automated): $5/occurrence* WIRE TRANSFER, DOMESTIC

INCOMING: $20.00 OUTGOING: $30.00

* WIRE TRANSFER, INTERNATIONAL INCOMING: $30.00 OUTGOING: $50.00

SIZE OF BOX (inches) NORMAL RATE 50+ RATE 3X5 $30.00 $20.00 5X5 $35.00 $25.00 3X10 $50.00 $40.00 5X10 $70.00 $60.00 7X10 $85.00 $75.00 10X10 $125.00 $115.00

* SAFE DEPOSIT BOX DRILLING FEE: $175.00* SAFE DEPOSIT BOX LATE FEE: $5.00* SAFE DEPOSIT BOX REPLACEMENT KEY: $25.00

SAFE DEPOSIT BOX ANNUAL FEE:

DORMANT FEE - PER MONTH AFTER INACTIVE FOR ONE YEAR:

RETURN ITEM FEE - PER OCCURRENCE ON CHECKING ACCOUNTS:

BILL PAY RUSH FEE (NEXT DAY)

EARLY CLOSURE OF ACCOUNT (CHRISTMAS CLUB):

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Disclosures

ELECTRONIC FUND TRANSFERS YOUR RIGHTS AND RESPONSIBILITIES This Electronic Fund Transfer disclosure does not apply to any accounts other than consumer accounts, as defined by Regulation E. Indicated below are types of Electronic Fund Transfers we are capable of handling, some of which may not apply to your account. Please read this disclosure carefully because it tells you your rights and obligations for the transactions listed. You should keep this notice for future reference. Electronic Fund Transfers Initiated By Third Parties. You may authorize a third party to initiate electronic fund transfers between your account and the third party's account. These transfers to make or receive payment may be one-time occurrences or may recur as directed by you. These transfers may use the Automated Clearing House (ACH) or other payments network. Your authorization to the third party to make these transfers can occur in a number of ways. For example, your authorization to convert a check to an electronic fund transfer or to electronically pay a returned check charge can occur when a merchant provides you with notice and you go forward with the transaction (typically, at the point of purchase, a merchant will post a sign and print the notice on a receipt). In all cases, these third party transfers will require you to provide the third party with your account number and bank information. This information can be found on your check as well as on a deposit or withdrawal slip. Thus, you should only provide your bank and account information (whether over the phone, the Internet, or via some other method) to trusted third parties whom you have authorized to initiate these electronic fund transfers. Examples of these transfers include, but are not limited to: • Preauthorized credits. You may make arrangements for

certain direct deposits to be accepted into your checking or savings account(s).

• Preauthorized payments. You may make arrangements to pay certain recurring bills from your checking account(s).

• Electronic check conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or pay bills.

• Electronic returned check charge. You may authorize a merchant or other payee to initiate an electronic funds transfer to collect a charge in the event a check is returned for insufficient funds.

ATM Transfers - types of transfers and dollar limitations - You may access your account(s) by ATM using your Mastercard Debit Card and personal identification number, to: • make deposits to checking or savings account(s) • get cash withdrawals from checking or savings account(s)

- you may withdraw no more than $500.00 per day, not to exceed your available account balance

• transfer funds between checking and savings account(s) Some of these services may not be available at all terminals. Types of Mastercard Debit Card Point-of-Sale Transactions – You may access your checking account(s) to purchase goods (in person, online, or by phone), pay for services (in person, online, or by phone), get cash from a merchant, if the merchant permits, or from a participating financial institution, and do anything that a participating merchant will accept. Point-of-Sale Transactions - dollar limitations - Using your card:

• you may not exceed $1,500.00 in transactions per day, not

to exceed your available account balance Currency Conversion and Cross-Border Transaction Fees. If you effect a transaction with your Mastercard Debit Card in a currency other than US Dollars, Mastercard, will convert the charge into a US Dollar amount. The Mastercard currency conversion procedure includes use of either a government-mandated exchange rate, or a wholesale exchange rate selected by Mastercard. The exchange rate Mastercard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect on the date of purchase or the date the transaction was posted to your account. Mastercard charges us a Currency Conversion Assessment of 20 basis points (.2% of the transaction) for performing the currency conversion. In addition, Mastercard charges us an Issuer Cross-Border Assessment of 90 basis points (.9% of the transaction) on all cross-border transactions regardless of whether there is a currency conversion. As a result, we charge you a Currency Conversion fee of .2% and a Cross-Border Transaction fee of .9%. The Cross-Border Transaction fee is charged on all cross-border transactions regardless of whether there is a currency conversion. A cross-border transaction is a transaction processed through the Global Clearing Management System or the Mastercard Debit Switch in which the country of the merchant is different than the country of the cardholder. Advisory Against Illegal Use. You agree not to use your card(s) for illegal gambling or other illegal purpose. Display of a payment card logo by, for example, an online merchant does not necessarily mean that transactions are lawful in all jurisdictions in which the cardholder may be located.

CHARGES FOR ELECTRONIC FUND TRANSFERS

• We do not charge for direct deposits to any type of account. • There is no per transaction charge when using an ATM

owned and operated by Mutual Savings Bank. • There is a charge for a replacement Mastercard Debit Card.

(Refer to our separate fee schedule.) Except as indicated elsewhere, we do not charge for these electronic fund transfers. ATM Operator/Network Fees. When you use an ATM not owned by us, you may be charged a fee by the ATM operator or any network used (and you may be charged a fee for a balance inquiry even if you do not complete a fund transfer). MutualONLINE Computer Transfers - types of transfers and charges - You may access your account(s) by computer 24 hours a day by logging onto our website at www.mymsb.bank and using your password and user name, to: • transfer funds from checking to checking • transfer funds from checking to savings • transfer funds from savings to checking • transfer funds from savings to savings • transfer funds from checking or savings to your accounts at

other institution (A2A) • make payments from checking or savings to loan accounts

with us • make payments from accounts at other institutions to loan

accounts with us • make payments from checking or savings to third parties

via BillPay Service - please refer to our separate fee schedule for charges that

apply

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• make payments from checking or savings to third parties via P2P service

• initiate draws on lines of credit with us to checking or savings

• get information about: - the account balance of checking, savings, CD, IRA, or loan

accounts - the last six months' deposits to checking, savings, CD or

IRA accounts - the last six months' withdrawals from checking, savings, CD

or IRA accounts - the last six months’ transactions on loan accounts

Please also see Transaction Limitations section regarding limitations that apply to computer transfers.

DOCUMENTATION • Terminal transfers. You can get a receipt at the time you

make a transfer to or from your account using an automated teller machine or point-of-sale terminal. However, you may not get a receipt if the amount of the transfer is $15 or less.

• Preauthorized credits. If you have arranged to have direct deposits made to your account at least once every 60 days from the same person or company, the person or company making the deposit will tell you every time they send us the money, or you can call us at (317) 736-7151 to find out whether or not the deposit has been made. If the only possible transfers to or from your account are preauthorized deposits, you will get a quarterly statement from us.

• Periodic statements. You will get a monthly account statement from us for your checking and savings accounts.

PREAUTHORIZED PAYMENTS • Right to stop payment and procedure for doing so. If you

have told us in advance to make regular payments out of your account, you can stop any of these payments. Here is how: Call or write us at the telephone number or address listed in this disclosure in time for us to receive your request 3 business days or more before the payment is scheduled to be made. If you call, we may also require you to put your request in writing and get it to us within 14 days after you call. Please refer to our separate fee schedule for the amount we will charge you for each stop-payment order you give.

• Notice of varying amounts. If these regular payments may vary in amount, the person you are going to pay will tell you, 10 days before each payment, when it will be made and how much it will be. (You may choose instead to get this notice only when the payment would differ by more than a certain amount from the previous payment, or when the amount would fall outside certain limits that you set.)

• Liability for failure to stop payment of preauthorized transfer. If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.

FINANCIAL INSTITUTION'S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance: (1) If, through no fault of ours, you do not have enough money in your account to make the transfer. (2) If you have an overdraft line and the transfer would go over the credit limit. (3) If the automated teller machine where you are making the transfer does not have enough cash. (4) If the terminal or system was not working properly and you knew about the breakdown when you started the transfer. (5) If circumstances beyond our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken.

(6) There may be other exceptions stated in our agreement with you.

CONFIDENTIALITY We will disclose information to third parties about your account or the transfers you make: (1) where it is necessary for completing transfers; or (2) in order to verify the existence and condition of your account for a third party, such as a credit bureau or merchant; or (3) in order to comply with government agency or court orders; or (4) as explained in the separate Privacy Disclosure.

UNAUTHORIZED TRANSFERS (a) Consumer liability. • Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, or after it was made available to you electronically, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods. • Additional Limits on Liability for Mastercard Debit Card. You will not be liable for any unauthorized transactions using your Mastercard Debit Card if: (i) you can demonstrate that you have exercised reasonable care in safeguarding your card from the risk of loss or theft, and (ii) upon becoming aware of a loss or theft, you promptly report the loss or theft to us. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. (b) Contact in event of unauthorized transfer. If you believe your card and/or code has been lost or stolen, call or write us at the telephone number or address listed in this disclosure. You should also call the number or write to the address listed in this disclosure if you believe a transfer has been made using the information from your check without your permission.

ERROR RESOLUTION NOTICE In Case of Errors or Questions About Your Electronic Transfers, Call or Write us at the telephone number or address listed in this disclosure, as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared. (1) Tell us your name and account number (if any). (2) Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 business days (20 business days if the transfer involved a new account) after we hear from you and will correct any error promptly. If we need more time, however, we may take up to 45 days (90 days if the transfer

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involved a new account, a point-of-sale transaction, or a foreign-initiated transfer) to investigate your complaint or question. If we decide to do this, we will credit your account within 10 business days (20 business days if the transfer involved a new account) for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. If we ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your account. Your account is considered a new account for the first 30 days after the first deposit is made, unless each of you already has an established account with us before this account is opened. We will tell you the results within three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

MUTUAL SAVINGS BANK 80 E JEFFERSON STREET FRANKLIN, INDIANA 46131

Business Days: Monday through Friday Excluding Federal Holidays

Phone: (317) 736-7151 MORE DETAILED INFORMATION IS AVAILABLE

ON REQUEST ___________________________________________________ YOUR ABILITY TO WITHDRAW FUNDS

This policy statement applies to all deposit accounts. Our policy is to make funds from your cash deposits available to you on the business day we receive your deposit. We will make funds from your check deposits available to you on the first business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once the funds are available, you can withdraw them in cash and we will use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have withdrawn the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any other problems involving your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If you make a deposit at a Mutual Savings Bank ATM before 3:00 P.M. on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit at a Mutual Savings Bank ATM after 3:00 P.M. or on a day we are not open, we will consider that the deposit was made on the next business day we are open. If we cash a check for you that is drawn on another bank, we may withhold the availability of a corresponding amount of funds that are already in your account. Those funds will be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to withdraw a corresponding amount of funds that you have on deposit in another account with us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsewhere in this disclosure for the type of check that you deposited.

LONGER DELAYS MAY APPLY Case-by-case delays. In some cases, we will not make all of the funds that you deposit by check available to you on the first

business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the second business day after the day of your deposit. The first $200 of your deposits, however, will be available on the first business day. If we are not going to make all of the funds from your deposit available on the first business day, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice by the day after we receive your deposit. If you will need the funds from a deposit right away, you should ask us when the funds will be available. Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: We believe a check you deposit will not be paid. You deposit checks totaling more than $5,000 on any one day. You redeposit a check that has been returned unpaid. You have overdrawn your account repeatedly in the last six months. There is an emergency, such as failure of computer or communications equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.

SPECIAL RULES FOR NEW ACCOUNTS If you are a new customer, the following special rules will apply during the first 30 days your account is open. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the first business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to you (and you may have to use a special deposit slip). The excess over $5,000 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,000 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit. ___________________________________________________

TRUTH-IN-SAVINGS DISCLOSURE ABSOLUTELY FREE CHECKING ACCOUNT

Minimum balance to open the account - You must deposit $50.00 to open this account. No interest. No monthly service charge.

50+ INTEREST CHECKING ACCOUNT Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Minimum balance to open the account - You must deposit $50.00 to open this account.

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Average Daily balance computation method - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

SIMPLE INTEREST CHECKING ACCOUNT Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Minimum balance to open the account - You must deposit $50.00 to open this account. Average Daily balance computation method - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

PREMIUM INTEREST CHECKING ACCOUNT Rate Information:

Tier 1 - An interest rate of________% will be paid only for that portion of your daily balance that is greater than $1,500.00. The annual percentage yield for this tier will range from ________% to ________%, depending on the balance in the account. Tier 2 - If your daily balance is $1,500.00 or less, the interest rate paid on the entire balance will be ________% with an annual percentage yield of ________%.

Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Minimum balance to open the account - You must deposit $50.00 to open this account. Minimum balance to avoid imposition of fees - A service charge fee of $10.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $1,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Average Daily balance computation method - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

PREMIER MONEY MARKET SAVINGS ACCOUNT

Rate Information: Tier 1 – If your daily balance is $49,999.99 or less, the interest rate paid on the entire balance in your account will be ________% with an annual percentage yield of ________%. Tier 2 – If your daily balance is more than $49,999.99, but less than $100,000.00, the interest rate paid on the entire balance in your account will be *________% with an annual percentage yield of *________%. Tier 3 – If your daily balance is more than $99,999.99, but less than $250,000.00, the interest rate paid on the entire balance in your account will be *________% with an annual percentage yield of *________%. Tier 4 – If your daily balance is $250,000.00 or more, the interest paid on the entire balance in your account will be *________% with an annual percentage yield of *________%.

Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every day. Interest will be credited to your account every month. Minimum balance to open the account - You must deposit $50.00 to open this account. Average Daily balance computation method - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: Transfers from a Premier Money Market Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, or similar order to third parties are limited to six per monthly statement cycle. Accounts which exceed this limit in three separate statement periods in a 12-month period will be converted to a transaction account. Fees: An excess withdrawal fee of $5.00 will be charged for each withdrawal in excess of six during a month.

STATEMENT SAVINGS ACCOUNT Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Minimum balance to open the account - You must deposit $50.00 to open this account. Minimum balance to avoid imposition of fees - A service charge fee of $5.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $250.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Average Daily balance computation method - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily

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balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: Transfers from a Statement Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no transfers by check, draft, debit card, or similar order to third parties. Accounts which exceed this limit in three separate statement periods in a 12-month period will be converted to a transaction account. Fees: An excessive withdrawal fee of $5.00 will be charged for each withdrawal in excess of six during a month.

MUTUAL KIDS CLUB ACCOUNT Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month. Minimum balance to open the account - You must deposit $1.00 to open this account. Average Daily balance computation method - We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: Transfers from a Mutual Kids Club account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per monthly statement cycle with no transfers by check, draft, debit card, or similar order to third parties. Accounts which exceed this limit in three separate statement periods in a 12-month period will be converted to a transaction account. Fees: An excessive withdrawal fee of $5.00 will be charged for each withdrawal in excess of six during a month.

CHRISTMAS CLUB ACCOUNT

Rate Information - Your interest rate and annual percentage yield may change. Frequency of rate changes - We may change the interest rate on your account at any time. Determination of rate - At our discretion, we may change the interest rate on your account. Compounding and crediting frequency - Interest will be compounded on the club distribution date. Interest will be credited to your account on the club distribution date. Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks). Transaction limitations: If any withdrawal is made from this account before the club distribution date then this account may be closed. Notice of Penalty for Early Withdrawal – If an early withdrawal is made before the club distribution date, a penalty of $5 will be charged. We will charge the penalty first against any interest remaining in the account at the time of the withdrawal, and any excess will be deducted from the amount you withdraw.

COMMON FEATURES Overdraft Fee Transaction Categories - The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal, ATM withdrawal, or other electronic means. Please refer to our separate fee schedule for additional charges that may be assessed against your account. UNLAWFUL INTERNET GAMBLING NOTICE - Restricted transactions as defined in Federal Reserve Regulation GG are prohibited from being processed through this account or relationship. Restricted transactions generally include, but are not limited to, those in which credit, electronic fund transfers, checks, or drafts are knowingly accepted by gambling businesses in connection with the participation by others in unlawful Internet gambling. We reserve the right to require not less than 7 days' notice in writing before each withdrawal from an interest-bearing account other than a time deposit or demand deposit, or from any other savings account as defined by Regulation D. (The law requires us to reserve this right, but it is not our general policy to use it.) Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty. See your notice of penalty for early withdrawal. ___________________________________________________ * Please refer to our separate rate sheet for information about interest rates and annual percentage yield.

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Locations, Hours & Contacts Franklin – Main Office Nineveh 317.736.7151 317.933.2419 M – F 9:00 am to 4:00 pm M – F 9:00 am to 2:00pm

Franklin – Main Street Trafalgar 317.736.5313 317.878.9484 M – T 8:30 am to 5:00 pm M – T 8:30 am to 5:00 pm F 8:30 am to 6:00 pm F 8:30 am to 6:00 pm Saturday 8:30 to noon Saturday 8:30 to noon

Franklin – Otterbein Greenwood 317.738.5170 317.530.7012 M – F 9:00 am to noon M – F 9:00 am to 4:00 pm

Conversion Important Dates August 1st-13th: A new debit card will be sent to you in the mail. 1-2 business days after you receive the debit card, you should receive a PIN number in the mail as well for the new card. The new card will not yet be activated.

August 14th, Wednesday: Between 12:00 am and 4:00 am, Old Debit Cards will be turned off. New debit cards will be activiated around 4:00 am for your use. ATMs will be deactivated at this time to prepare for the conversion. They will not be online again until after Friday, August 16th.

August 15th, Thursday: Internet Banking and Mobile Banking will no longer be accessible by the evening of August 15th. We anticipate that our new system will be available for customer use on Monday, August 19th. The mobile app that is currently in use will no longer be compatible with the new system. A new Mutual Mobile app will be available from the Android and Apple App Stores on Monday, August 19th.

August 16th, Friday: All Bill Pay payments will be paid as of August 16th. Payments will start being paid through our new bill pay system on Monday, August 19th.

August 19th, Monday: The new Mutual Mobile app will be available from both the Android and Apple App Stores. Online Banking will also be available at this time.

317.736.7151, Option 8

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317.736.7151, Option 8

PRESORTED FIRST-CLASS MAIL US POSTAGE PAID INDIANAPOLIS IN

PERMIT #9395

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317.736.7151, Option 8

80 East Jefferson Street, Franklin, IN 46131

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317.736.7151, Option 8

Documents

Please do · 1 317.736.7151, Option 8 | mymsb.bank 1 317.736.7151 8 | mymsb.bank Please do not discard. IMPORTANT INFORMATION! Conversion Details Enclosed