WABASH COUNTY, IN- Beacon Credit Union (“Beacon”) announced today that it has successfully completed the acquisition of Mid-Southern Savings Bank, FSB (“MSSB”), further expanding its presence across Indiana. The acquisition, which was first announced on January 25,
2024, was completed on April 25, 2025 following shareholder and regulatory approval.
The combined institution will retain the Beacon Credit Union name and charter. Former MSSB employees will become
employees of Beacon, and the three MSSB branches will continue to operate as Beacon Member Centers along with its LPO
located in Louisville, KY.
Beacon’s acquisition of MSSB marks its first acquisition of a community bank and continues its strategic expansion into
southern Indiana. With the acquisition complete, Beacon now has 22 Member Centers located throughout Indiana. Beacon
will continue to provide products and services to MSSB’s customers similar to those they received from MSSB and, as a larger
institution, Beacon will be able to offer some of these products and services on a larger scale.
Dustin Cuttriss, President and CEO of Beacon, commented, “We are excited about completing the transaction and expanding
our presence in Southern Indiana, and we look forward to providing Beacon’s competitive services and products to new
communities. We extend a warm welcome to the customers of Mid-Southern Savings Bank.”
MSSB customers with additional questions about the transaction should refer to information on Beacon’s website
at https://www.beaconcu.org/mid-southern/.
Donnelly Penman & Partners, Inc. acted as financial advisor and Barnes & Thornburg LLP acted as legal counsel for
Beacon. Piper Sandler & Co. acted as financial advisor and Luse Gorman, PC acted as legal counsel for MSSB.
