Attached files
file | filename |
---|---|
8-K - FORM 8-K - Richmond Mutual Bancorporation, Inc. | form8k.htm |
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
April 7, 2021
RICHMOND MUTUAL BANCORPORATION, INC.
ANNOUNCES SPECIAL DIVIDEND
RICHMOND, IN– April 7, 2021 – Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) announced today that its Board of Directors has declared a special cash
dividend on Richmond Mutual Bancorporation common stock of $0.50 per share. In making the announcement, Garry Kleer, Chairman, President and Chief Executive Officer, said “We are pleased to announce the payment of a $0.50 per share special
dividend. While the determination to pay any dividend depends on a variety of factors, the Board has determined that the payment of the special dividend is consistent with sound capital management strategies while preserving the Company’s ability
to grow.”
The cash dividend will be payable on May 5, 2021 to stockholders of record as of the close of business on April 21, 2021.
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 the effect of the COVID-19 pandemic on the Company’s credit quality
and business operations, as well as its impact on general economic and financial market conditions and other uncertainties such as the extent and duration of the impact of the pandemic on public health, the U.S. and global economies, and on consumer
and corporate customers, employment levels and market liquidity. In addition, forward-looking statements also are subject to 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 set forth in the Company's filings with the SEC.
Contacts
Richmond Mutual Bancorporation, Inc.
Garry D. Kleer, Chairman, President and Chief Executive Officer
Donald A. Benziger, Exec. VP/Chief Financial Officer
(765) 962-2581
(765) 962-2581