Richmond Mutual Bancorporation Finalizes Merger with The Farmers Bancorp

Every outstanding share of The Farmers Bancorp common stock has been converted into 3.40 shares of Richmond Mutual Bancorporation stock as of July 1, 2026. This move officially unites the two Indiana-based financial institutions, setting the stage for a consolidated operation under the First Bank Midwest brand.

Today, 14:49· Corp and Tech· 976 reads

Richmond Mutual Bancorporation Finalizes Merger with The Farmers Bancorp

The merger results in the issuance of approximately 6,254,357 shares of Richmond common stock to former Farmers shareholders. Garry D. Kleer, Chairman and CEO of Richmond, described the consolidation as a strategic alignment of two community-focused banking traditions. The combined entity will continue trading on the Nasdaq Capital Market under the ticker symbol RMBI.

While Richmond maintains its administrative headquarters in Richmond, Indiana, the combined bank will keep its administrative base in Frankfort. Christopher D. Cook, President of Richmond and First Bank Midwest, stated that the immediate priority is a seamless transition for clients across the firm's expanded network of branches in Indiana and Ohio. All current branches will operate under the First Bank Midwest name.

Richmond Mutual Bancorporation Finalizes Merger with The Farmers Bancorp

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