RICHMOND, Ind., Feb. 22,
2023 /PRNewswire/ -- Richmond Mutual Bancorporation,
Inc. (NASDAQ: RMBI) announced today that its Board of Directors has
declared a cash dividend on Richmond Mutual Bancorporation common
stock of $0.14 per share, which
represents a 40% increase over the $0.10 per share quarterly dividend declared in
November 2022. The cash dividend will be payable on
March 16, 2023 to stockholders of
record as of the close of business on March
2, 2023.
About Richmond Mutual Bancorporation, Inc.
Richmond Mutual Bancorporation, Inc., headquartered in
Richmond, Indiana, is the holding
company for First Bank Richmond, 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.
Forward-Looking Statements
Statements in this press release that are not historical
facts may be "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
statements often include words such as "believe," "expect,"
"anticipate," "estimate," and "intend" or future or conditional
verbs such as "will," "would," "should," "could," or "may."
Forward-looking statements, by their nature, are subject to risks
and uncertainties that could cause actual results to differ
materially from the results anticipated in such statements,
including potential adverse impacts to economic conditions in our
local market areas, other markets where the Company has lending
relationships, or other aspects of the Company's business
operations or financial markets, including, without limitation, as
a result of employment levels, labor shortages and the effects of
inflation, a potential recession or slowed economic growth caused
by increasing political instability from acts of war including
Russia's invasion of Ukraine, as well as increased prices and
supply chain disruptions and any governmental or societal response
to new COVID-19 variants; significant short-term interest rate
increases by the Federal Reserve; recessionary pressures caused by
inflation and the Federal Reserve actions to combat inflation;
legislative changes; changes in policies by regulatory agencies;
fluctuations in interest rates; the risks of lending and investing
activities, including changes in the level and direction of loan
delinquencies and write-offs and changes in estimates of the
adequacy of the allowance for loan losses; the Company's ability to
access cost-effective funding; fluctuations in real estate values
and both residential and commercial real estate market conditions;
demand for loans and deposits in the Company's market area; changes
in management's business strategies; changes in the regulatory and
tax environments in which the Company operates; and other factors
described in the Company's latest Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q and other documents filed with or
furnished to the Securities and Exchange Commission, which are
available at www.firstbankrichmond.com and on the SEC's website at
www.sec.gov. The Company does not undertake—and specifically
disclaims any obligation—to revise any forward-looking statement to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statement.
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SOURCE Richmond Mutual Bancorporation, Inc.