RICHMOND, Ind., Aug. 21, 2019 /PRNewswire/ -- Richmond Mutual
Bancorporation, Inc. ("RMBI"), the holding company for First Bank
Richmond (the "Bank"), announced today that it increased the size
of the board of directors from seven to eight members and appointed
Harold T. Hanley III to fill the
vacancy created by this increase. This appointment will be
effective as of September 1,
2019. Mr. Hanley will serve in the class of directors whose
terms expire in 2022. Mr. Hanley has not been appointed
to any Board committees of the Company as of the date of this press
release. Mr. Hanley will also join the board of directors of
the Bank, subject to receipt of any required regulatory
approvals.
Mr. Hanley, until his retirement in August 2019, was a Managing Director of Keefe,
Bruyette & Woods, Inc., a Stifel Company ("KBW"). He
joined KBW in January of 1995 after 14 years as Chief Financial
Officer of two financial institutions located in the Midwest.
Prior to entering the financial services industry, Mr. Hanley
was with KPMG (Peat Marwick & Co.) for several years. During
his career with KBW, Mr. Hanley led many financial institutions in
their mutual conversions and stock offerings. He has
also managed both the buy and sell sides of many merger and
acquisition transactions of financial institutions, provided
financial consulting services to clients in conjunction with their
capital management strategies, and provided advice to assist in
reaching their financial objectives.
Over the years Mr. Hanley has been a regular speaker at various
Banking Conferences. Mr. Hanley earned his Bachelor of Business
Administration degree from The University of
Toledo in 1975 and obtained his CPA license in 1976.
Garry Kleer, Chairman, President
and Chief Executive Officer of RMBI, stated: "We are very pleased
to be able to announce the appointment of Mr. Hanley to our Board
of Directors. Harold brings almost 40 years of experience in
banking to our Board, having previously served as chief financial
officer of a public financial institution as well as having advised
numerous financial institutions on strategic planning, capital
raising and merger and acquisition issues in his long career as an
investment banker. With the recent completion of our initial
public offering, we expect Mr. Hanley's experience to be invaluable
as we move forward toward building shareholder value."
First Bank Richmond, headquartered in Richmond, Indiana, is a community-oriented
financial institution offering traditional financial and trust
services within its local communities through its eight locations
in Richmond, Centerville, Cambridge City and Shelbyville, Indiana, its five locations in
Sidney, Piqua and Troy,
Ohio and its loan production office in Columbus, Ohio.
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SOURCE Richmond Mutual Bancorporation, Inc.