Richmond Mutual Bancorporation, Inc..
RMBI.US | Other monetary intermediation
Richmond Mutual Bancorporation, Inc. operates as the holding company for First Bank Richmond that provides financial services to individuals and businesses in Indiana and Ohio. It offers deposit products, including savings, checking, and money market accounts, as well as certificates of deposit. The...Show More
Better Health for All
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The company's core business of financial services, including Health Savings Accounts (HSAs), is considered health-neutral as HSAs are financial tools rather than direct health products or services.
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No revenue is generated from products with direct negative health impacts, and the company's products do not have direct safety implications or require specific pricing accessibility considerations for health products. The company does not engage in health innovation, generate significant health externalities, or collect health-related data. While the company donated more than $674,000 to local not-for-profit organizations in 2023, including $1,500 to Birth to Five and $85,000 to the Boys and Girls Club, and 50% of staff served on non-profit boards, the specific percentage of revenue allocated to health equity programs is not provided.
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The company's total revenue is not disclosed, making it impossible to calculate the percentage of revenue for health equity programs. The company offers Christmas Club accounts to help customers save and avoid credit card debt, which can indirectly support financial wellness, but this is not a direct preventative health measure as defined.
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The company's operations do not directly intersect with healthcare workforce development, global health crisis response, mental health outcomes, pharmaceutical patents, nutrition, food safety, health education, addiction mitigation, or clinical trials.
Fair Money & Economic Opportunity
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Richmond Mutual Bancorporation, Inc. (RMBI) and First Bank Richmond (FBR) have a Community Reinvestment Act (CRA) rating of "satisfactory" or better.
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Both RMBI and The Farmers Bancorp, which is merging with RMBI, represent that they have complied in all material respects with applicable laws related to discriminatory lending, including the Equal Credit Opportunity Act, the Fair Housing Act, and the Community Reinvestment Act, since January 1, 2022.
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Fair Pay & Worker Respect
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No specific, concrete data points were found in the provided articles to assess Richmond Mutual Bancorporation, Inc. against the KPIs for Fair Pay & Worker Respect. While executive compensation for the CEO was provided for 2023 ($768,531), median employee compensation was not available, preventing the calculation of the CEO-median pay ratio.
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Information regarding living wage coverage, collective bargaining, safety incidents, pay equity, worker engagement, turnover rates, labor law violations, insecure contract share, or health insurance coverage for the company's 171 full-time equivalent employees was not available.
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Fair Trade & Ethical Sourcing
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The company, a financial services provider, does not procure or trade physical commodities, making fair-trade certification and materials risk not applicable. In 2023, the company directed 19% of its total Bank expenditures to diverse suppliers, an increase from 17% in 2022.
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This includes 15.7% of total spend with Minority-Owned Businesses and 3.3% with Women-Owned Businesses (Non-Minority).
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Honest & Fair Business
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The company reported 0 regulatory violation incidents, indicating a clean record for ethics-related fines in the past three years.
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A formal Code of Business Conduct and Ethics, re-approved in May 2025, outlines a policy for reporting violations anonymously and confidentially, with investigations documented by the CFO to the Audit Committee.
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However, the policy does not specify a resolution timeframe for these reports.
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The company has had zero financial restatements in the past five years. The board consists of 71.4% independent directors (5 out of 7).
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The anti-corruption policy, outlined in the Code of Business Conduct and Ethics, prohibits offering or accepting anything of value to influence business, with a gift value limit of $100 for promotional materials and event-related gifts, and requires pre-authorization for other entertainment.
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It also mandates compliance with all applicable laws and regulations.
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Kind to Animals
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No data relevant to RMBI.US or the 'Kind to Animals' value was found in the provided articles.
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All articles explicitly state that no relevant information, quantitative data, or specific actions related to animal welfare, products, or operations could be extracted.
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Therefore, no KPIs could be scored based on the evidence provided.
No War, No Weapons
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No relevant evidence was found in the provided articles to assess Richmond Mutual Bancorporation, Inc. against the 'No War, No Weapons' ethical value.
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explicitly states it contains no relevant data, and could not be accessed.
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Planet-Friendly Business
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In 2024, the company sourced 37.6% of its operational energy consumption from renewables.
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Additionally, 89.6% of its product lines have undergone full life-cycle environmental assessments.
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Respect for Cultures & Communities
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First Bank Richmond has engaged in numerous local community partnerships, with at least 11 organizations receiving contributions in 2022, and 8 specific partnerships identified in 2003.
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A significant portion of its staff actively participates in community governance, with 65% serving on a board or committee in 2019, 60% in 2021, and 50% in both 2022 and 2023.
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The company has made specific donations towards cultural preservation, including a $5,000 donation to Richmond Columbian Properties in October 2020 for historic preservation,
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an annual $5,000 contribution to the Wayne County Historical Museum,
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and a $10,000 donation to Richmond Neighborhood Restoration Group in July 2020 as part of a $40,000 four-year commitment for historic preservation.
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Other cultural contributions include $15,000 to Richmond Civic Theater and $5,000 to Civic Hall Performing Art Center in 2022,
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and $2,500 to Shelby County Players in 2023.
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The company also provided community investment training to 20 rural leaders in a 12-week virtual program in 2024.
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There are no reported cultural appropriation incidents, cultural impact assessment protocols, or language inclusivity assessments.
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No specific data is available to calculate the percentage of revenue reinvested locally.
Safe & Smart Tech
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No evidence available to assess Richmond Mutual Bancorporation, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No specific, concrete data points or initiatives related to waste management, product design, packaging, or recycling for Richmond Mutual Bancorporation, Inc. (RMBI.US) were found in the provided articles. Information regarding a Single-Use Bag Ordinance, recycled content requirements for paper bags, and waste disposal penalties pertains to the City of Richmond, California, and not to RMBI.US, which is based in Richmond, Indiana.
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Other articles provided financial data or general company information unrelated to the 'Zero Waste & Sustainable Products' value.