Press Release

First Bank celebrates 135 years

Written by: Susan Richwine  |  

Richmond, Indiana – First Bank Richmond is proud to celebrate 135 years serving the communities in and around Wayne and Shelby counties. 

Founded in 1887, First Bank Richmond originated as Richmond Loan & Savings Association with one location, four employees and an asset size of $5,050.62. Since, they have grown to eight branches located in Indiana and five branches and one loan production office in Ohio. The Ohio offices currently operate as Mutual Federal, a division of First Bank Richmond. First Bank Richmond currently employs 175 employees supporting their customers across multiple markets and have grown to an asset size of $1.2 billion.

“We are extremely proud of our rich 135-year history. We would not have achieved this milestone without a group of dedicated employees, loyal customers and communities that help us deliver our mission. We want to build a better future by continuing to deliver the banking solutions that our customers need and giving back to our nonprofit partners to make our communities stronger. The legacy that we have built is truly remarkable and we look forward to building on that legacy as we move into the future. We have many stories of “Doing Great Things Together” and we will add to these stories over the next 135 years.” – Garry Kleer, President & CEO, First Bank Richmond

A customer appreciation celebration is scheduled for October 14th which will include in-branch and social media events.

First Bank Richmond is committed to be an integral partner to the communities in which they serve. Since 1887, not only have they provided their community with sound financial products and services, they have also fostered a philanthropic commitment that has made a significant impact through the dedication of their organization’s resources, talents and time. This commitment is facilitated through the following channels:

• Financial support pledged through contributions and event sponsorships. In 2021, they proudly donated more than $576,000 to local not-for-profit organizations.
• Board/employee leadership and participation with local not-for-profit organizations. Last year, 60% of their staff served on a board or a committee.
• Donations (in-kind) and fundraising efforts to promote local initiatives.

For more information concerning First Bank Richmond’s Community Foundation or local sponsorships and contributions, please contact Ms. Kimberly Poinsett, Vice President Community Relations at 765-973-4258 or kpoinsett@firstbankrichmond.com

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First Bank Richmond is an Indiana state-chartered commercial bank headquartered in Richmond, Indiana. The bank was originally established in 1887 as an Indiana state-chartered mutual savings and loan association. First Bank Richmond provides full banking services to individuals and businesses through its eight branches located in Indiana and five branches and one loan production office in Ohio. The Ohio offices currently operate as Mutual Federal, a division of First Bank Richmond.

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