Richmond Mutual Bancorp 完成對 Farmers Bancorp 合併，將發行約625萬股

EX-99.1
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tm2619360d1_ex99-1.htm
EXHIBIT 99.1

 

Exhibit 99.1

 

 

 

RICHMOND MUTUAL BANCORPORATION, INC. ANNOUNCES
COMPLETION
OF MERGER WITH THE FARMERS BANCORP, FRANKFORT, INDIANA

 

RICHMOND, IN, July 1, 2026 /PRNewswire/ -- Richmond
Mutual Bancorporation, Inc. (NASDAQ: RMBI) (‘Richmond’), the holding company of First Bank Midwest (formerly First Bank
Richmond), announced today that effective July 1, 2026 it has completed its previously announced merger with The Farmers Bancorp,
Frankfort, Indiana (‘Farmers’). As a result of the merger, each share of Farmers common stock outstanding immediately
prior to the effective time of the merger was converted into the right to receive 3.40 shares of Richmond common stock. Cash will be
paid in lieu of fractional shares. Richmond expects to issue approximately 6,254,357 shares of Richmond common stock to the shareholders
of Farmers upon surrender of their outstanding shares.

 

‘We are pleased to announce the completion of our merger with
Farmers and can now officially welcome this talented group of bankers to the Richmond team,’ said Garry D. Kleer, Chairman and
Chief Executive Officer of Richmond. He continued, ‘Today marks an important milestone for our organization, bringing together
two institutions with strong community banking traditions, complementary markets, and a shared commitment to serving our customers. We
look forward to building on the strengths of both organizations, creating additional opportunities for our employees, and delivering
long-term value for our shareholders and the communities we serve.’

 

‘While today marks the successful completion of the merger,
our focus is squarely on the future,’ said Christopher D. Cook, President of Richmond and President and Chief Executive Officer
of First Bank Midwest. ‘We are committed to ensuring a seamless transition for our customers, supporting our employees as we come
together as one team, and building on the strong relationships that have been the foundation of both organizations. By combining our
talents and resources, we are creating a community bank that is positioned to serve our markets with greater strength, expertise, and
opportunity now and in the future.’

 

The combined
company operates under the name ‘Richmond Mutual Bancorporation, Inc.,’ and continues to trade on the Nasdaq Capital
Market under the ticker symbol ‘RMBI.’ All branches of the combined bank will operate under the name ‘First Bank Midwest.’
The administrative headquarters of the combined company is located in Richmond, Indiana, and the administrative headquarters of
the combined bank is located in Frankfort, Indiana.

 

About Richmond Mutual Bancorporation, Inc.

 

Richmond Mutual Bancorporation, Inc., headquartered in Richmond, Indiana,
is the holding company for First Bank Midwest, a community-oriented financial institution offering traditional financial and trust services
within its local communities through its branch locations in  Cambridge City, Centerville, Fishers, Frankfort, Kirklin, Lebanon,
Michigantown, Mulberry, Noblesville, Richmond, Rossville, Shelbyville, Sheridan, Tipton and Westfield, Indiana, and its locations
in Columbus, Sidney, Piqua and Troy, Ohio.

 

  

  

 

 

Cautionary Statement Regarding Forward-Looking Information

 

This news release contains “forward-looking statements”
as defined in the Private Securities Litigation Reform Act of 1995. When used in this communication and in other documents filed with
or furnished to the SEC, in press releases or other public shareholder communications, or in oral statements made with the approval of
an authorized executive officer, words or phrases such as ‘may,’ ‘believe,’ ‘will,’ ‘will likely
result,’ ‘are expected to,’ ‘will continue,’ ‘is anticipated,’ ‘estimate,’ ‘project,’
 ‘plans,’ ‘potential,’ ‘expect,’ ‘intend,’ ‘forecast,’ ‘outlook,’
or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Investors and security holders are cautioned not to place undue reliance on any forward-looking statements, which speak
only as of the date such statements are made. These statements may relate to future financial performance, strategic plans and objectives,
revenue or earnings projections, or other financial matters. By their nature, these statements are subject to numerous uncertainties
that could cause actual results to differ materially from those expressed or implied in the statements. For a discussion of factors that
could cause actual results to differ materially, please refer to the joint proxy statement/prospectus filed by Richmond Mutual with the
Securities and Exchange Commission in connection with proposed merger. Additional factors can be found in Richmond Mutual's Annual Report
on Form 10-K for the year ended December 31, 2025, and in other documents Richmond Mutual files with the SEC, all of which
are available on the SEC's website at www.sec.gov.

 

Richmond Mutual undertakes no obligation to update any forward-looking
statement, whether as a result of new information, future events, or otherwise, except as required by law.

 

For further information:

 

CONTACTS: Garry D. Kleer, Chairman and Chief Executive Officer, (765)
962-2581; Christopher D. Cook, President, (765) 654-8731; and Bradley M. Glover, SVP/Chief Financial Officer, (765) 962-2581