Richmond Mutual Bancorporation to merge with The Farmers Bancorp in a $82m deal.

Richmond Mutual Bancorporation, a US bank-holding company operates through its banking subsidiary, First Bank Richmond — which provides banking and trust services, agreed to merge with The Farmers Bancorp, a US bank-holding company that provides a variety of banking services for both individuals and businesses, in a $82m deal. "This combination marks the beginning of a strong and promising future for our newly unified organization. We are bringing together two well-established community banks, both dedicated to delivering exceptional client experiences and helping individuals and businesses achieve their financial goals. By joining forces, we gain the scale to offer higher lending limits, invest in technology, and deliver an even better experience for our customers. Our shared culture and commitment to community banking make this a natural fit. I look forward to working with Chris Cook and our combined team to drive growth and create long-term value for our shareholders," Garry Kleer, Richmond Mutual Chairman, President and Chief Executive Officer.