Richmond Mutual Bancorporation, Inc. — Form 8-K Summary
Business Context and Reporting Period
Richmond Mutual Bancorporation, Inc., the parent company of First Bank Richmond, filed a current report dated March 25, 2024. The filing reports an executive officer appointment under Item 5.02 and does not present quarterly or annual financial results.
Executive Appointment
- Bradley M. Glover was appointed permanent Chief Financial Officer of both Richmond Mutual Bancorporation and First Bank Richmond effective March 25, 2024.
- Mr. Glover had served as Acting CFO since May 2023 and continues to serve as Vice President and Controller.
- He has worked for First Bank Richmond since 2011 and has been Vice President/Controller since 2021.
- His responsibilities include finance and accounting, asset-liability management, budgeting, investment management, accounting operations, and regulatory and managerial financial reporting.
Financial Metrics and Material Changes
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, balance-sheet, or other operating metrics. The material change reported is the conversion of Mr. Glover’s acting CFO role to a permanent appointment.
Guidance, Outlook, Risks, and Unusual Items
- No financial guidance, business outlook, risk-factor update, contingency, or unusual financial item is disclosed.
- The company states that there are no arrangements or understandings with other persons related to the appointment.
- The filing reports no family relationships requiring disclosure and no related-party relationships requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Items
- Verify Mr. Glover’s permanent CFO appointment date and dual role at the Company and the Bank.
- Review subsequent filings for any changes in finance leadership, compensation arrangements, or responsibilities.
- Use the company’s periodic financial filings for financial metrics and management outlook, which are not included in this 8-K.