Correction Notice Of Press Release Announcing Richmond Mutual Bancorporation, Inc. 2020 Fourth Quarter And Full Year Financial Results

Rhea-AI Summary

Richmond Mutual Bancorporation, Inc. (RMBI) issued a correction to its January 28, 2021 earnings release, mistakenly stating the date as January 28, 2020. This correction does not present new financial information but acknowledges a clerical error. The company remains committed to transparency and accurate reporting of its financial performance.

RICHMOND, Ind., Jan. 29, 2021 /PRNewswire/ --  Richmond Mutual Bancorporation, Inc., a Maryland corporation (the "Company") (NASDAQ: RMBI), parent company of First Bank Richmond (the "Bank"), today announced a correction to its earnings release issued on Thursday, January 28, 2021 entitled, "Richmond Mutual Bancorporation, Inc. Announces 2020 Fourth Quarter and Full Year Financial Results."

In the earnings release, the date "January 28, 2020", which appeared three times, was misstated and should have read "January 28, 2021".

About Richmond Mutual Bancorporation, Inc.

Richmond Mutual Bancorporation, Inc., headquartered in Richmond, Indiana, is the holding company for First Bank Richmond, a community-oriented financial institution offering traditional financial and trust services within its local communities through its eight locations in Richmond, Centerville, Cambridge City and Shelbyville, Indiana, its five locations in Sidney, Piqua and Troy, Ohio and its loan production office in Columbus, Ohio.

FORWARD-LOOKING STATEMENTS:

This document and other filings by the Company with the Securities and Exchange Commission (the "SEC"), as well as press releases or other public or stockholder communications released by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company's plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements", within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the effect of the COVID-19 pandemic, including on the Company's credit quality and business operations, as well as its impact on general economic and financial market conditions and other uncertainties such as the extent and duration of the impact of the pandemic on public health, the U.S. and global economies, and on consumer and corporate customers, including economic activity, employment levels and market liquidity; legislative changes; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; changes in management's business strategies; changes in the regulatory and tax environments in which the Company operates; and other factors set forth in the Company's filings with the SEC.

The factors listed above could materially affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.

The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. When considering forward-looking statements, keep in mind these risks and uncertainties. Undue reliance should not be placed on any forward-looking statement, which speaks only as of the date made. Refer to the Company's periodic and current reports filed with the SEC for specific risks that could cause actual results to be significantly different from those expressed or implied by any forward-looking statements.

 

View original content:http://www.prnewswire.com/news-releases/correction-notice-of-press-release-announcing-richmond-mutual-bancorporation-inc-2020-fourth-quarter-and-full-year-financial-results-301218329.html

SOURCE Richmond Mutual Bancorporation, Inc.

FAQ

What was corrected in Richmond Mutual Bancorporation's press release?

The press release corrected the date from January 28, 2020, to January 28, 2021.

Does the correction affect Richmond Mutual Bancorporation's financial results?

No, the correction is purely clerical and does not impact the financial results reported.

When was the original earnings release by Richmond Mutual Bancorporation?

The original earnings release was issued on January 28, 2021.

What is the stock symbol for Richmond Mutual Bancorporation?

The stock symbol is RMBI.