secwatch.observer — SEC 8-K summary
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Issuer:     Richmond Mutual Bancorporation, Inc. (RMBI)
CIK:        0001767837
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001767837-24-000013
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767837/000176783724000013/0001767837-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767837/000176783724000013/rmbi-20240516.htm
  HTML page:      https://secwatch.observer/filing/0001767837-24-000013

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