Richmond Mutual Bancorp enters change-in-control agreements with President/COO and CFO

Richmond Mutual Bancorporation, Inc.

Agreements dated May 22, 2025 with Paul Witte (President/COO of Bank) and Bradley Glover (CFO of Company and Bank).
Initial term expires Dec 31, 2026, with automatic one-year renewal on Jan 1, 2026 and each Jan 1 thereafter unless non-renewal notice.
If termination without cause or for good reason within 12 months after change of control: lump sum cash of 2x base amount plus up to 24 months insurance.
Severance conditioned on executing general release; subject to Section 280G parachute payment reduction.
Agreements are between the company, bank, and each executive; filed as Exhibits 10.1 and 10.2.

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