{"url_path":"/sec/rmbi/8-k/2026-07-01/item-2-01","section_key":"item-2-01","section_title":"Item 2.01 COMPLETION OF ACQUISITION OR DISPOSITION","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1767837/0001104659-26-079701-index.html","accession_number":"0001104659-26-079701","cik":"0001767837","ticker":"RMBI","issuer_name":"Richmond Mutual Bancorporation, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1767837/0001104659-26-079701-index.html","primary_entity_key":"0001767837","primary_entity_name":"Richmond Mutual Bancorporation, Inc."},"word_count":412,"has_tables":true,"body_markdown":"**ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION\nOF ASSETS**\n\n \n\nEffective July 1, 2026,\nRichmond Mutual Bancorporation, Inc. (‘Richmond’), the holding company of First Bank Midwest (formerly First Bank Richmond),\ncompleted its previously announced merger with The Farmers Bancorp, Frankfort, Indiana (‘Farmers’), the holding company\nof The Farmers Bank, pursuant to the Agreement and Plan of Merger, dated November 11, 2025 (the ‘Merger Agreement’).\nUnder the terms of the Merger Agreement, Farmers merged with and into Richmond (the ‘Merger’), with Richmond as the surviving\ncorporation. Immediately following the Merger, The Farmers Bank merged with and into First Bank Richmond (the ‘Bank Merger’).\nIn connection with the Bank Merger, First Bank Richmond was renamed First Bank Midwest and continued as the surviving bank.\n\n \n\nEach share of common stock\nof Farmers outstanding immediately prior to the effective time of the Merger (the ‘Effective Time’) converted into the right\nto receive 3.40 shares of Richmond common stock, par value $0.01 per share (‘Richmond Common Stock’) (together with cash,\nwithout interest, in lieu of any fractional shares, collectively, the ‘Merger Consideration’), based on an exchange ratio\nof 3.40 (the ‘Exchange Ratio’).\n\n \n\nAt the Effective Time: (i) each\nunvested restricted stock unit award of Farmers automatically vested, and the underlying shares became outstanding and entitled to receive\nthe Merger Consideration, less applicable tax withholding; and (ii) each unvested performance share award of Farmers was terminated\nand settled in cash based on the target award levels immediately prior to the Effective Time.\n\n \n\nAs a result of the Merger,\nat the Effective Time, Richmond issued a total of 6,254,357 shares of Richmond Common Stock, before giving effect to cash paid in lieu\nof fractional shares.\n\n \n\nThe\nforegoing description of the Merger and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference\nto the full text of the Merger Agreement, included as [Exhibit 2.1](https://www.sec.gov/Archives/edgar/data/1767837/000110465925109785/tm2530942d1_ex2-1.htm) to the Current Report on Form 8-K that Richmond filed on\nNovember 12, 2025, and incorporated herein by reference. The issuance of shares of Richmond common stock in connection with\nthe Merger was registered under the Securities Act of 1933, as amended, pursuant to a registration statement on [Form S-4 (File No. 333-294527)](https://www.sec.gov/Archives/edgar/data/1767837/000110465926033310/tm262503d1_s4.htm)\nfiled by Richmond with the Securities and Exchange Commission (the ‘SEC’) and declared effective on April 3, 2026 (the\n‘Registration Statement’). The joint proxy statement/prospectus included in the Registration Statement (the ‘Joint\nProxy Statement/Prospectus’) contains additional information about the Merger Agreement and the transactions contemplated thereby."}