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)   August 14, 2008   

MUTUALFIRST FINANCIAL, INC.

(Exact name of registrant as specified in its chapter)  

Maryland	000-27905	35-2085640
(State or other jurisdiction of incorporation	(Commission File Number)	(IRS Employer Identification No.)

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

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 7.01.  Regulation FD Disclosure

         On August 14, 2008, MutualFirst Financial released a press release announcing that the Board of Directors of MutualFirst Financial authorized the repurchase of 5% of its outstanding common stock.

Item 9.01.  Financial Statements and Exhibits

(d)	Exhibits
	99	Press release dated August 14, 2008.

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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: August 14, 2008	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 August 14, 2008

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EX-99

MutualFirst Financial, Inc. Announces Completion of Stock Repurchase Program and Commencement of Additional 5% Repurchase Program

MUNCIE, Ind., Aug. 14 /PRNewswire-FirstCall/ -- MutualFirst Financial, Inc., (Nasdaq: MFSF) the holding company for MutualBank, announced it is completing its eighth repurchase program and intends to begin its ninth repurchase program of an additional 5% of its outstanding shares in the open market or otherwise. These shares will be purchased at prevailing market prices from time to time over a twelve-month period depending upon market conditions.

David W. Heeter, President and Chief Executive Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company's common stock, and the strong capital position of the Company's subsidiary, MutualBank. Mr. Heeter stated: "We believe that the repurchase of our shares represents an attractive investment opportunity which will benefit the Company and our stockholders. We are pleased to have been able to repurchase 215,000 shares in our eighth repurchase program at an average cost of $13.62 per share since September of 2007."

As of June 30, 2008, the Company had consolidated total assets of $975.5 million and stockholders' equity of $83.4 million. The Company's stock is traded on the NASDAQ Stock Market under the symbol "MFSF."

Statements contained in this release, which are not historical facts, are forward-looking statements, as that term is defined in the Private Securities Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those currently anticipated due to a number of factors, which include, but are not limited to factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

SOURCE MutualFirst Financial, Inc.

-0- 08/14/2008

/CONTACT: David W. Heeter, MutualFirst Financial, Inc., +1-765-747-2880/

/First Call Analyst: /

/FCMN Contact: /

/Web site: http://www.mfsbank.com /

(MFSF)