Acquiring Company
Richmond Mutual Bancorporation
Acquired Company
Farmers Bancorp
RichmondCanfieldFinancial ServicesFinanceLendingBankingFinancial ServicesBankingDescription
On July 1, 2026, Richmond Mutual Bancorporation completed its merger with Farmers Bancorp. This merger enhances the strength and scale of the community banking franchise. The combined company will operate under Richmond Mutual Bancorporation, Inc., while the banking operations will be conducted as First Bank Midwest. Management is optimistic about the opportunities created by this strategic combination.
M&A Insights
Based on deal dataFrequently asked
Who acquired Farmers Bancorp?
Farmers Bancorp was acquired by Richmond Mutual Bancorporation, based in Richmond. The deal was reported on July 28, 2026. Richmond Mutual Bancorporation, Inc. is a Maryland-based banking institution and parent company of First Bank Richmond. Richmond Mutual Bancorporation is publicly traded (RMBI) and operates in Financial Services.
When did Richmond Mutual Bancorporation acquire Farmers Bancorp?
Richmond Mutual Bancorporation's acquisition of Farmers Bancorp was reported on July 28, 2026. On July 1, 2026, Richmond Mutual Bancorporation completed its merger with Farmers Bancorp. This merger enhances the strength and scale of the community banking franchise. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Farmers Bancorp do?
Farmers Bancorp is a financial institution that provides personal banking, commercial banking, and mortgage services. The company aims to support local communities by offering tailored financial solutions. It is privately held, operating in Financial Services, and is based in Canfield.