Bank Mutual: Announces hiring of assistant vice president/bank office manager for Mequon office

Contact: Jack Steinbrecker, Vice President, Sales & Marketing

Bank Mutual – Corporate Headquarters

4949 W. Brown Deer Road

Milwaukee, WI 53224

414.371.8262 | Jack.Steinbrecker@bankmutual.com

BANK MUTUAL ANNOUNCES HIRING OF

ASSISTANT VICE PRESIDENT/BANK OFFICE MANAGER

FOR MEQUON OFFICE

January 3, 2013…Bank Mutual is pleased to announce the hiring of Marie A. Angelier as

Assistant Vice President/Bank Office Manager for its Mequon office located at

11249 N. Port Washington Rd. Marie will be responsible for overall operations and sales at this location.

Prior to Bank Mutual, Marie was an Assistant Bank Office Manager at another financial company. She has worked in banking for 20 years and holds a Bachelor’s Degree from UW-Milwaukee.

Bank Mutual Corporation (NASDAQ: BKMU) is the fourth largest banking institution headquartered in the state of Wisconsin, with assets at September 30, 2012 of $2.5 billion. Its subsidiary bank, Bank Mutual, operates 75 offices in the state of Wisconsin and one office in Minnesota.