---
schema_version: "secwatch.filing_event.v1"
accession: "0001767837-23-000016"
form_type: "8-K"
ticker: "RMBI"
cik: "0001767837"
company_name: "Richmond Mutual Bancorporation, Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:43:10.770638+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Richmond Mutual Bancorp increases stock repurchase authorization by 321,386 shares, extends program through June 2024

## Summary
- Added 321,386 shares to remaining 827,554 shares available; total authorization now about 1.15M shares.
- Program extended to June 6, 2024; 357,095 shares repurchased for $4.0M since inception.
- Board authorized a 10b5-1 trading plan with Keefe, Bruyette & Woods to facilitate repurchases.
- Chairman cites undervalued stock and strong liquidity/capital as confidence in the buyback.

## SEC filing metadata
- accession: 0001767837-23-000016
- form_type: 8-K
- ticker: RMBI
- cik: 0001767837
- company_name: Richmond Mutual Bancorporation, Inc.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000016/0001767837-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767837/000176783723000016/rmbi-20230606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767837-23-000016
- JSON: https://secwatch.observer/filing/0001767837-23-000016.json
- Plain text: https://secwatch.observer/filing/0001767837-23-000016.txt

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