Mergers & Acquisitions ·
On July 1, 2026, Richmond Mutual Bancorporation completed its merger with The Farmers Bancorp
RMBIRichmond Mutual Bancorporation, Inc.
On July 1, 2026, Richmond Mutual Bancorporation completed its merger with The Farmers Bancorp. Farmers shareholders received 3.40 shares of Richmond common stock for each share held, resulting in the issuance of 6,254,357 shares. The merger included the consolidation of their respective banks, with the surviving entity renamed First Bank Midwest. The board of directors expanded from six to eleven members, adding five former Farmers directors, including Barbara A. Cutillo, who was appointed Vice Chair. Christopher D. Cook became President of Richmond and CEO of First Bank Midwest, while Garry D. Kleer remains Chairman and CEO of Richmond. The company operates in the banking industry and provides financial services.