Richmond Mutual and The Farmers Bancorp Announce Definitive Merger to Create a $2.6 Billion Community Bank

November 12, 2025

Richmond Mutual (holding company of First Bank Richmond) and The Farmers Bancorp (holding company of The Farmers Bank) entered into a definitive merger agreement in an all-stock transaction valued at approximately $82 million. The combined company is expected to operate as a $2.6 billion community bank with a 24-branch network across Central and East Central Indiana and Western/Central Ohio, with closing expected in early Q2 2026 subject to approvals.

Buyers
Richmond Mutual Bancorporation, Inc., The Farmers Bancorp
Targets
The Farmers Bancorp, Richmond Mutual
Location
Indiana, United States
Transaction Type
Buyout

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