Richmond Mutual extends stock repurchase program to June 2025; 723k shares remain

Richmond Mutual Bancorporation, Inc.

Board extended repurchase program by one year to June 6, 2025.
As of May 15, 2024, 723,195 shares remain available for repurchase.
Company has repurchased 782,840 shares at aggregate cost of $8.8M since program inception.
Board authorized a Rule 10b5-1 trading plan with KBW to facilitate repurchases.
Chairman cites stock undervaluation and confidence in financial condition as reasons.

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