Richmond Mutual Bancorporation Reports Increase And Extension Of Stock Repurchase Program

The Board of Directors authorized the purchase of up to 321,386 shares of the Company's issued and outstanding common stock in addition to the remaining 827,554 shares available for repurchase under the existing program as of June 06, 2023, and extending the stock repurchase program's expiration date to June 06, 2024. Since the stock repurchase program's inception through June 06, 2023, the Company has repurchased 357,095 shares at an aggregate cost of $4.0 million.