Local News

FIRST BANK RICHMOND ANNOUCES MERGER

(Richmond, IN)--The parent company of First Bank Richmond has announced an agreement to acquire the parent company of Farmers Bank.  The Frankfort-based Farmers Bancorp will merge into Richmond Mutual Bancorporation in an all-stock deal valued at $82 million.  The merger will create a $2.6 billion asset community bank with a network of 24 branches across parts of both Indiana and Ohio.