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EXHIBIT 21
Parent | Subsidiary | Percentage of Ownership | State of Incorporation or Organization |
MutualFirst Financial, Inc. | Mutual Federal Savings Bank | 100% | United States |
Mutual Federal Savings Bank | First M.F.S.B. Corporation | 100% | Indiana |
Mutual Federal Savings Bank | Third M.F.S.B. Corporation | 100% | Indiana |
Mutual Federal Savings Bank | First Marion Services Corporation | 100% | Indiana |