secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001104659-25-109785
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000110465925109785/0001104659-25-109785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000110465925109785/tm2530942d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-109785

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