Third Century Bancorp and Mutual Savings Bank Announce New Director | New


FRANKLIN, Indiana–(BUSINESS WIRE)–September 28, 2022–

(OTCPINK: TDCB) – Third Century Bancorp and Mutual Savings Bank have announced the appointment of a new director, Philip L. Powell. Mr. Powell’s appointment fills an existing director seat that was vacated earlier this year due to the death of a board member. Mr. Powell’s appointment is effective October 1, 2022.

Philip L. Powell founded and served as President of Allied Technologies, Inc., a manufacturer’s representative and distributor of HVAC and commercial kitchen equipment, for more than 37 years. Mr. Powell’s entrepreneurial spirit has seen him own and manage several commercial and vacation investment properties during his career. Mr. Powell is a graduate of Franklin College, where he served on the board for 17 years and currently holds Trustee Emeritus status. Mr. Powell is currently retired and resides in the Hickory Stick golf community with his wife, Nancy.

“Today, we are pleased to announce the appointment of our new director, Philip L. Powell. Phil is a well-known member of the community in central Indiana and Johnson County. By joining us, Phil will bring business expertise and community connections that will have an immediate positive impact,” said President and CEO David A. Coffey. “We are truly fortunate to welcome Phil to the Third Century Bancorp and Mutual Savings Bank family.”

About Third Century Bancorp and Mutual Savings Bank:

Third Century Bancorp, founded in 2004, is the parent company of Mutual Savings Bank. Mutual Savings Bank, founded in Franklin, Indiana in 1890, is a full-service financial institution with over $270 million in assets as of June 30, 2022. Mutual Savings Bank is the only locally based community bank in Johnson County. Mutual has four locations in Franklin, Greenwood and Trafalgar. Bank together.

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CONTACT: David A. Coffey

President and CEO

Mutual Savings Bank




SOURCE: Third Century Bancorp

Copyright BusinessWire 2022.

PUBLISHED: 09/28/2022 15:08 / DISK: 09/28/2022 15:08

Copyright BusinessWire 2022.


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