Richmond Mutual and Farmers Bancorp Announce Merger to Create $2.6 Billion Community Bank

Richmond Mutual Bancorporation and The Farmers Bancorp have announced a strategic merger, creating a $2.6 billion asset community bank with 24 branches across Indiana and Ohio. The deal combines two culturally-aligned banks, unlocks higher lending limits and broader product offerings for customers, and delivers significant EPS accretion for Richmond Mutual. The merger is valued at approximately $82 million, or $44.71 per share of Farmers Bancorp common stock.