Richmond Mutual Bancorporation is a bank holding company headquartered in Richmond, Indiana, and serves as the parent of Richmond Federal Savings Bank. Established in the late 19th century, the company reorganized as a mutual holding company in the early 2000s to support its mission of community banking while maintaining its mutual structure. Over the decades, Richmond Mutual has maintained a focus on personalized service and local decision-making, reflecting its origins as a grassroots financial institution.
The company’s core activities center on traditional commercial and consumer banking products. Its deposit offerings include checking and savings accounts, money market funds, and certificates of deposit, all tailored to meet the needs of individuals, families, and small-to-mid-sized businesses. On the lending side, Richmond Mutual provides a range of mortgage products, home equity lines of credit, auto and personal loans, as well as commercial real estate and equipment financing. These lending services are underpinned by an emphasis on credit quality and prudent risk management.
Richmond Mutual Bancorporation operates a network of community branches throughout east-central Indiana and neighboring regions of Ohio, complemented by a robust online and mobile banking platform. This geographic footprint enables the company to support local economic development while offering digital tools that enhance customer convenience. The bank’s commitment to its communities is further demonstrated through participation in local charitable initiatives, small business forums, and financial education programs.
Leadership at Richmond Mutual Bancorporation is anchored by President and CEO John A. Smith, who brings more than 30 years of banking experience to the role. Under his guidance, the company’s board of directors has pursued a strategy focused on sustainable growth, operational efficiency, and strong capital reserves. Together with a senior management team composed of seasoned professionals in finance, risk management, and technology, the corporation continues to pursue opportunities that reinforce its mutual ethos and long-standing relationship with its customers.
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