RICHMOND, Ind., April 7, 2021 / PRNewswire / – Richmond Mutual Bancorporation, Inc. (NASDAQ: RMBI) today announced that its board of directors has declared a special cash dividend on the common shares of Richmond Mutual Bancorporation of 0.50 USD per share. By making the announcement, Garry Kleer, Chairman of the Board, President and Chief Executive Officer, said: “We are pleased to announce the payment of a 0.50 USD special dividend per share. Although the decision to pay a dividend depends on various 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 shareholders of record at the close of business on April 21, 2021.
About Richmond Mutual Bancorporation, Inc.
Richmond Mutual Bancorporation, Inc., headquartered at Richmond, Indiana, is the holding company of First Bank Richmond, a community-based financial institution providing traditional financial and trust services to its local communities through its eight locations in Richmond, Downtown, Cambridge City and Shelbyville, Indiana, its five locations in Sidney, Piqua and Troy, Ohio and its ready-to-use production office Columbus, Ohio.
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. These statements often include words such as “believe”, “expect” , “Anticipate”, “estimate” and “have the intention” or future or conditional verbs such as “will”, “would”, “should”, “could” or “can”. 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 quality of credit and business operations of the company, 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, economies US and global, as well as on consumers and businesses, employment levels and market liquidity. In addition, forward-looking statements are also subject to legislative changes; policy changes by regulators; fluctuations in interest rates; risks associated with lending and investing activities, including changes in the level and direction of delinquencies and loan write-offs and changes in estimates of the adequacy of the allowance for loan losses; the company’s ability to access profitable financing; fluctuations in real estate values and 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 out in documents filed by the company with the SEC.
SOURCE Richmond Mutual Bancorporation, Inc.