8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)                     October 12, 2005
MUTUALFIRST FINANCIAL, INC. (Exact name of registrant as specified in its chapter)
Maryland (State or other jurisdiction of incorporation	000-27905 (Commission File Number)	35-2085640 (IRS Employer Identification No.)

110 E. Charles Street, Muncie, Indiana (Address of principal executive offices) 47305-2419 (Zip Code)

Registrant's telephone number, including area code                      (765) 747-2800              

Not Applicable(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 5.02.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers          On October 12, 2005, the Registrant issued a press release announcing the election of Lynne D. Richardson, effective immediately, to the boards of the Registrant and its wholly owned subsidiary, Mutual Federal Savings Bank. Ms. Richardson was elected by the board of the Registrant, on the recommendation of the Nominating Committee, to fill the vacancy created by the Registrant's increase in the size of the board from eleven to twelve. Ms. Richardson has not been appointed to any committees of the board at this time. There are no arrangements or understandings pursuant to which Ms. Richardson was selected as a director, and there are no relationships or related transactions required to be disclosed concerning Ms. Richardson.          A copy of the Registrant's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 9.01.

Financial Statements and Exhibits

(c)	Exhibits
	99	Press release dated October 12, 2005.

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SIGNATURES

       Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

	MUTUALFIRST FINANCIAL, INC.
Date: October 14, 2005	By:   /s/ David W. Heeter       David W. Heeter        President and Chief Executive Officer

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EXHIBIT INDEX

Exhibit Number	Description
99	Press Release, dated October 12, 2005

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EX-99

Date:	October 12, 2005
To:	1)    The Star Press 2)    The Hoosier Banker 3)    Chronicle Tribune 4)    Times Union 5)    The News Gazette
Contact:	Dave Heeter, CEO dheeter@mfsbank.com 765.747.2800
RE:	Lynne D. Richardson named to MutualFirst Financial Board

Muncie, Indiana, October 12, 2005 - MutualFirst Financial, Inc. and Mutual Federal Savings Bank announced today that Lynne D. Richardson has been elected to serve on the boards of MutualFirst Financial and Mutual Federal Savings Bank.

"Lynne is a significant addition to our boards. She has a proven leadership record across all business disciplines, particularly in sales and marketing," stated Wil Davis, Chairman of MutualFirst Financial and Mutual Federal. "Her addition will be very instrumental in supporting and directing our success going forward."

Richardson is currently the Dean of the Miller College of Business at Ball State University. Dave Heeter, CEO of MutualFirst and Mutual Federal added, "Dean Richardson brings enthusiastic leadership to our Boards in areas of strategic focus. Her role in leading an outstanding business college will be beneficial to our Corporation." She received her PhD from the University of Alabama, her MBA from the University of Alabama at Birmingham and BBA from the University of Montevallo. She also serves as a Professor of Marketing in the Miller College of Business.

Very active in the community, Ms. Richardson is President of the Board of Directors of the American Heart Association and a Board member of the United Way of Delaware County, where she is currently serving as the Leadership Giving Chair.

Nationally she serves on the Board of Directors of the AACSB International, the leading global accreditation organization for business schools. Ms. Richardson is also a member of the Beta Gamma Sigma Board of Governors; the honor society for AACSB accredited business schools.

Lynne is married to Woody and they have three children ages, 12, 10 and 9.

Mutual Federal Savings Bank has served the customer's financial needs since 1889. They are a full-service financial institution with assets of more than $950 million, and 20 offices serving Delaware, Grant, Kosciusko and Randolph counties in Northeastern Indiana. Mutual Federal remains a leading residential lender in each of their markets and is a wholly owned subsidiary of MutualFirst Financial, Inc. The company is traded on NASDAQ under the symbol MFSF, and can be found on the Internet at www.mfsbank.com.