Short answer
Richmond Mutual Bancorporation, Inc. (RMBI) filed an 8-K current report with the SEC on July 1, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 5.02 (Departure/Election of Directors or Officers), Item 8.01 (Other Events), Item EX-99.1 (Exhibit EX-99.1). Richmond completed its merger with Farmers on July 1, 2026, expanding the company through a bank-holding-company combination.
Richmond Mutual Bancorporation, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Richmond completed its merger with Farmers on July 1, 2026, expanding the company through a bank-holding-company combination
- Farmers shareholders received 3.40 Richmond shares per Farmers share, creating equity dilution for existing Richmond holders
- Richmond issued 6,254,357 common shares before fractional-share cash payments
- The Farmers Bank was merged into First Bank Midwest, renamed from First Bank Richmond, consolidating operations under the surviving bank
Item 5.02 · Departure/Election of Directors or Officers
- Farmers executives assume key roles, making integration execution and leadership continuity material merger risks
- Christopher D. Cook becomes Richmond President and First Bank Midwest CEO, while Garry D. Kleer remains Richmond CEO and board Chairman
- Paul J. Witte becomes Indiana Market President, broadening management coverage across the combined bank
- Farmers’ former operations and finance leaders become First Bank Midwest COO and Chief Risk Officer
- Cook, Valentino, and Kozuch receive change-in-control agreements, creating potential severance obligations after qualifying terminations
Item 8.01 · Other Events
- Merger completed July 1, 2026, marking Richmond Mutual Bancorporation’s transition from announced transaction to combined operations
- Exhibit 99.1 contains the completion announcement and likely provides closing terms, consideration, and integration details for investors
Item EX-99.1 · Exhibit EX-99.1
- Merger with The Farmers Bancorp completed July 1, 2026, moving the transaction from approval to integration execution
- Richmond expects to issue approximately 6,254,357 shares, creating meaningful equity dilution for existing RMBI shareholders
- Farmers shareholders received 3.40 RMBI shares per Farmers share, with cash paid for fractional shares
- Combined bank operates as First Bank Midwest, expanding Richmond’s community-banking footprint across Indiana and Ohio
- RMBI remains Nasdaq Capital Market-listed under the existing ticker, limiting immediate trading disruption for shareholders
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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