Richmond Mutual Bancorporation, Inc. Announces the Death of Its Director W. Ray Stevens, III
November 01, 2020 at 03:15 am IST
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Richmond Mutual Bancorporation, Inc. announced the passing of W. Ray (Steve) Stevens, III. Mr. Stevens passed away unexpectedly on November 25, 2020 in his home. Mr. Stevens served as a director of First Bank Richmond for over 25 years and as a director of the Company since its formation in 2019. He also served as chair of the Company's audit committee and as a member of its corporate governance and nominating committee. Mr. Stevens was the President and Owner of Stevens Wire Products, a manufacturer of wire products, from 1986 until his retirement in 2016.
Richmond Mutual Bancorporation, Inc. is a holding company for First Bank Richmond, an Indiana state-chartered commercial bank. The Company's principal business consists of attracting deposits from the general public, as well as brokered deposits, and investing those funds primarily in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases and commercial and industrial loans. It offers a full range of lending products, including multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, residential real estate loans, including home equity loans and lines of credit, and consumer loans. It also engages in lease financing, which consists of direct financing leases and is used by its commercial customers to finance purchases of equipment. It also provides trust and wealth management services.
RICHMOND MUTUAL BANCORPORATION, INC. 
