Farmers Bancorp Acquisition | Financial Services Deal in IN

Richmond Mutual Bancorporation, Inc. has agreed to acquire Farmers Bancorp, a banking business in Indiana, for $2.8 million. Farmers Bancorp operates as a community-focused bank serving customers in Frankfort, Indiana, supporting deposit gathering, lending, and local financial services. Richmond Mutual Bancorporation, a strategic banking acquirer, seeks to expand its footprint in IN acquisitions and strengthen earnings through a merger acquisition of a complementary franchise. The financial services M&A deal is structured as a merger acquisition with board approvals and regulatory clearances already received, with a special shareholder vote at Farmers Bancorp scheduled for May 26, 2026 and an expected close in Q2 2026. Farmers Bancorp shareholders will receive 3.40 shares of Richmond Mutual Bancorporation common stock per share, and the combined company will continue trading on Nasdaq under the RMBI ticker.