NewsMV
Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) closed its previously announced merger with The Farmers Bancorp of Frankfort, Indiana, effective July 1, 2026.
The Richmond, Indiana-based holding company, parent of First Bank Midwest — operating formerly under the name First Bank Richmond — confirmed the transaction's completion in a press release issued Tuesday.
Deal Close The merger became effective on the first day of July, marking the formal combination of the two Indiana banking franchises.
Richmond Mutual Bancorporation had disclosed the transaction in an earlier announcement; Tuesday's release confirms it crossed the regulatory and procedural finish line on schedule.
Keep reading