Tranche Update on Richmond Mutual Bancorporation, Inc.'s Equity Buyback Plan announced on November 13, 2020.
January 28, 2021 at 04:49 pm EST
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From October 21, 2020 to December 31, 2020, the company has repurchased 105,640 shares, representing 0.82% for $1.41 million. With this, the company has completed the repurchase of 105,640 shares, representing 0.82% for $1.41 million under the buyback announced on November 13, 2020.
Richmond Mutual Bancorporation, Inc. is a holding company for First Bank Richmond, an Indiana state-chartered commercial bank. The Company's principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases and commercial and industrial loans. It offers a full range of lending products, including multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, including home equity loans and lines of credit, and consumer loans. It also engages in lease financing, which consists of direct financing leases and is used by its commercial customers to finance purchases of equipment. It also provides trust and wealth management services.
RICHMOND MUTUAL BANCORPORATION, INC. 
