RICHMOND, Ind., Aug. 16,
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. The cash dividend will be
payable on September 14, 2023 to
stockholders of record as of the close of business on August 31, 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 constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements relate to Richmond Mutual Bancorporation, Inc.'s
(the "Company") financial condition, results of operations, plans,
objectives, future performance or business and ability to continue
paying dividends. 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, the
failure of the U.S. Congress to increase the debt ceiling 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; significant
short-term interest rate increases by the Federal Reserve;
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 credit losses; the Company's ability
to access cost-effective funding including maintaining the
confidence of depositors; unexpected outflows of uninsured deposits
that may require us to sell investment securities at a loss;
fluctuations in real estate values, and residential, commercial and
multifamily real estate market conditions; demand for loans and
deposits in the Company's market area; the future earnings and
capital levels of First Bank Richmond, which could affect the
ability of the Company to pay dividends in accordance with its
dividend policies; 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.
These forward-looking statements represent the Company's judgment
as of the date of this release. 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.