BloomBank

BloomBank, originally established as Bloomfield State Bank in 1873, underwent several significant changes throughout its history. In 1971, the institution expanded its operations by changing its name from Bloomfield State Bank and gaining full trust powers. BloomBank relocated its main office in 1989 to Main Street in Bloomfield, Indiana, and subsequently moved again in 2001 to 48 North Washington Street in Bloomfield. On July 1, 2015, the bank officially rebranded as BloomBank. It became part of MutualBank on February 28, 2018, followed by its merger with Northwest Bank in Warren, Pennsylvania, on April 24, 2020. Notably, in 1977, BloomBank withdrew from membership in the Federal Reserve System.

Below is a list of some important events in banks history, including mergers and acquisitions.

1873-01-01Institution established. Original name: Bloomfield State Bank.

1971-10-01Changed Institution Name to Bloomfield State Bank.

1971-10-01Changed Trust Powers to Full.

1977-08-10Institution withdraws from membership in the Federal Reserve System.

1989-12-30Main Office moved to Main Street, Bloomfield, IN 47424.

2001-09-28Main Office moved to 48 North Washington Street, Bloomfield, IN 47424.

2015-07-01Changed Institution Name to BloomBank.

2018-02-28Merged and became part of MutualBank in Muncie, IN.

2020-04-24Merged and became part of Northwest Bank in Warren, PA.