secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001767837-23-000016
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783723000016/0001767837-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783723000016/rmbi-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001767837-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer