RMBI director acquires 23,776 shares via merger
Richmond Mutual Bancorporation, Inc. director Thomas D. Crawford reported acquiring 23,776 shares of common stock.
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Rhea-AI Filing Summary
Richmond Mutual Bancorporation, Inc. director Thomas D. Crawford reported acquiring 23,776 shares of common stock. These shares were received at no cash cost in exchange for his former shares of The Farmers Bancorp as part of a completed merger, using a fixed 3.40-for-1 share conversion ratio. Following this transaction, he directly holds 23,776 RMBI shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,776 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reported shares were received in exchange for shares of common stock of The Farmers Bancorp ("Farmers") in connection with the merger of Farmers with and into Richmond Mutual Bancorporation, Inc. ("RMBI"), pursuant to the Agreement and Plan of Merger. Under the terms of the merger agreement, at the effective time of the merger, each outstanding share of Farmers common stock was converted automatically into the right to receive 3.40 shares of RMBI common stock. Accordingly, no cash purchase price was paid by the reporting person for the shares reported herein.
Key Figures
Key Terms
Agreement and Plan of Merger regulatory
effective time of the merger regulatory
converted automatically financial
common stock financial
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What insider transaction did RMBI director Thomas D. Crawford report?
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