Richmond Mutual Bancorporation, Inc.
Close on Oct 19, 2026
- Market cap
- $151.58M
- P/E (TTM)
- 12.6
- Dividend yield
- 3.92%
About Richmond Mutual Bancorporation
State Commercial Banks, SIC 6022
Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond, conducting its operations through a single community banking segment. The company gathers deposits from the public and provides financing solutions, including commercial and multi-family real estate loans, commercial and industrial credit, residential mortgages, home equity lines of credit, and consumer financing. It also offers direct equipment leases, primarily covering technology, medical, manufacturing, and transportation assets. In addition, the institution delivers administrative, trust, and wealth management services to individuals and organizations. Its customer base includes consumers, local property owners, and small businesses seeking financial and fiduciary services.
Headquartered in Richmond, Indiana, the bank operates a total of 14 banking facilities across Indiana and Ohio. In Indiana, the institution maintains seven full-service branches and one limited-service office throughout Wayne and Shelby counties. In Ohio, it conducts operations under the Mutual Federal division across six full-service offices located in Franklin, Miami, and Shelby counties. Its leasing business serves commercial lessees nationwide across the United States.
Summary of the business section of Richmond Mutual Bancorporation's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Richmond Mutual Bancorporation, Inc.
- Founded
- 1887
- Headquarters
- Richmond, IN
- Address
- 31 N. 9th Street 47374
- Phone
- (765) 973-4299
- Employees
- 180, Dec 31, 2025
- Industry
- State Commercial Banks
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, Indianapolis, Indiana
Stock & identifiers
- Ticker
- RMBI
- Exchange
- Nasdaq
- IPO date
- Jul 2, 2019
- Shares outstanding
- 17M, Aug 13, 2026
- Public float
- $137.00M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1767837
- CUSIP
- 76525P100
- ISIN
- US76525P1003
- EIN
- 36-4926041
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Garry D. Kleer | President, CEO, Director | 177,765 |
| Carroll Ann Valentino | Chief Operations Officer | 6,256 |
| Chad Kozuch | Chief Risk Officer | 73,009 |
| William A. Daily Jr. | Market President (West Ohio) | 845 |
| Paul J. Witte | President & COO | 46,847 |
| Bradley M. Glover | SVP & CFO | 39,994 |
| Jeffrey A. Jackson | Director | 67,125 |
| James Dalton Moore | Director | 14,239 |
| Christopher D. Cook | Director | 0 |
| Barbara A. Cutillo | Director | 2,980 |
| Daniel J. Lahrman | Director | 55,002 |
| Thomas D. Crawford | Director | 23,776 |
| E. Michael Blum | Director | 47,685 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2024 Mr.Kleer | $728.33K | $778.02K | $297.56K | $26 | – |
| FY2023 Mr.Kleer | $768.53K | $682.48K | $288.55K | $-7 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 180 full-time equivalent employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jul 1, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 23, 2026 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jun 24, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |