Northwest Bank has completed its merger with MutualBank in Indiana, according to a news release issued Friday.

This marks the first time Northwest has expanded into the midwest in an all-stock transaction valued at approximately $213.4 million.

The merger has resulted in a bank with approximately $12.8 billion in total assets. Northwest Bank now provides banking services through 214 branch locations and 273 ATMs in four states.

"The combined strength of our institutions will allow us to better serve customers across all of our markets with a wide range of financial products and services, while maintaining the personal service they expect from their community bank,” said Ronald J. Seiffert, chairman, president and chief executive officer of Northwest Bancshares, Inc.

MutualBank, which was an Indiana-based financial institution based in Muncie, had been in operation since 1889.