---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-109785"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:22:08.249263+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# RMBI merges with Farmers Bancorp in all-stock deal valued at ~$82M

## Summary
- Exchange ratio: 3.4 RMBI shares per FABP share; aggregate equity value ~$82M based on RMBI closing of $13.15 on Nov 10.
- Combined company pro forma assets of $2.6B and 24 branches across Indiana and Ohio; expected close in Q2 2026.
- Transaction expected to generate ~35% EPS accretion for RMBI shareholders and ~27.5% dividend accretion for FABP shareholders.
- Garry Kleer to serve as CEO of combined company; Chris Cook as President and CEO of combined bank; Board expands to 11 with 5 FABP directors.
- FABP termination fee of $3.3M under certain conditions; all directors of both companies have entered voting agreements to support the merger.

## SEC filing metadata
- accession: 0001104659-25-109785
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000110465925109785/0001104659-25-109785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000110465925109785/tm2530942d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-109785
- JSON: https://secwatch.observer/filing/0001104659-25-109785.json
- Plain text: https://secwatch.observer/filing/0001104659-25-109785.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.