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Richmond Mutual Bancorporation Inc

Richmond Mutual Bancorporation, Inc. is the bank holding company for First Bank Richmond, providing a range of banking services. It accepts deposits such as savings accounts, money market accounts, NOW and demand accounts, and certificates of deposit. Its lending products include multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, and residential real estate loans such as home equity loans, lines of credit, and consumer loans. The company also engages in lease financing and offers fee-based financial services including trust and estate administration, investment management, retirement plan administration, and private banking. Founded in 1887, it is headquartered in Richmond, Indiana.

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Richmond Mutual Bancorporation Reports Drop in Second-Quarter Profit

Richmond Mutual Bancorporation announced a decline in second-quarter profit. Net income fell to $2.23 million, or $0.22 per share, from $2.60 million, or $0.26 per share, in the same period last year. Revenue rose 12.2% to $12.07 million from $10.76 million a year earlier.
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