Richmond Mutual Bancorporation, Inc. Announces Merger with Farmers Bancorp

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2026.01.15 21:23
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Richmond Mutual Bancorporation, Inc. has announced a strategic merger with Farmers Bancorp, effective January 15, 2026. This merger will create a community bank with $2.6 billion in assets and 24 branches, expected to deliver approximately 35% EPS accretion post-merger. Leadership will include Garry Kleer as CEO and Chris Cook as President. The merger aims to enhance product offerings and increase lending limits, with a closing anticipated in early Q2 2026, pending approvals.