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.
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