Richmond Mutual completes Farmers Bancorp merger

• Richmond Mutual Bancorporation (NASDAQ:RMBI) completed its merger with The Farmers Bancorp effective July 1, 2026.
• Farmers shareholders received 3.40 RMBI shares per share, with about 6.25 million new RMBI shares issued.
• The combined bank will operate branches under First Bank Midwest across its expanded footprint.

Richmond Mutual Bancorporation (NASDAQ:RMBI) completed its previously announced merger with The Farmers Bancorp, effective July 1, 2026.

The transaction increases RMBI’s scale in regional banking through the addition of Farmers’ branch network and customer base.

Under the deal terms, each Farmers Bancorp share was converted into the right to receive 3.40 shares of RMBI, with cash paid for fractional shares.

The company said approximately 6,254,357 new RMBI shares are expected to be issued as part of the transaction.

The combined institution will continue operating under the Richmond Mutual Bancorporation name and trade on Nasdaq under the RMBI ticker.

All bank branches will operate under the First Bank Midwest brand, with corporate headquarters in Richmond, Indiana, and bank headquarters in Frankfort, Indiana.

The merger integrates both organizations into a single regional banking platform focused on retail and commercial banking services.