Bank Mutual: Adds vice president of commercial banking

Contact: Jeremy Artz

Marketing Specialist

414.371.8261

Milwaukee, WI April 12, 2011 – Bank Mutual is pleased to announce the appointment of Mark Bruss to the newly created position of Vice President of Commercial Banking. Mr. Bruss is responsible for generating and managing mid-market commercial banking relationships and is based at Bank Mutual’s Commercial Banking Center: 2600 N. Mayfair Road, Milwaukee, WI.

Mr. Bruss has 33 years of commercial banking experience. He was previously Senior Vice President at another financial institution. Mr. Bruss obtained an MBA degree from the University of Wisconsin. Originally from Cedarburg, he currently lives in Mequon.

Bank Mutual Corporation is traded on The NASDAQ Global Select MarketSM under the symbol “BKMU.” The Company is headquartered in the state of Wisconsin, with assets at December 31, 2010 of $2.6 billion. Its subsidiary bank, Bank Mutual, operates 78 offices in the state of Wisconsin and one office in Minnesota.