Frequently Asked Questions

We know you’ve got questions, and we’re here to help answer them.

We’re branching out to Springfield, Ohio! We’ve officially signed the acquisition agreement to acquire Home City Federal Savings Bank, which serves the Springfield, Ohio area with two locations. Home City will transition to the Richwood Bank brand through all facets. This transition will finalize on March 18, 2019. During this time, we’ll be working endlessly to ensure that our expansion creates lasting, tangible connections within the Springfield community.

Why Springfield?

We are thrilled to be joining the Springfield community. When this opportunity came to us, we determined it was a great fit – everything from aligning with our vision and values, to staying within the central Ohio footprint.

Thanks for supporting us “branching out” to more communities in Central Ohio!

Why not Kenton, Marion or Bellefontaine...

We’re not going to rule out any future possibilities. We agree there’s many great people and businesses in those areas that could benefit from having us nearby also.

Right now, we want to focus on welcoming the Springfield team to ours and making the Richwood transition positive for our new community.

We’ll see what happens down the road. We agree those are great places to be. Who knows what the future holds!

When will the acquisition happen?

The acquisition was finalized on December 7, 2018. We have officially begun welcoming the Springfield team to the Richwood family. Home City will formally convert to Richwood on March 18, 2019.

Can I go to one of the Home City branches now and make a deposit?

Although the acquisition has been complete, Home City will not formally convert to Richwood until March 18, 2019. At that date, Richwood Bank customers will be able to conduct business in our Springfield branches.

Are you going to brand Home City as Richwood, renovate, or add a coffee shop?

We’ll transition Home City to the Richwood brand through all facets. This transition will finalize on March 18, 2019.

We’re looking at renovating the branches come summer 2019 and coffee shop additions are coming soon!

Speaking of our coffee shops, if you’re a nonprofit that would be interested in being considered as a beneficiary in our coffee shops, please fill out this form here. We are strongly rooted in our values, dedicated to our communities, and put people first – we want to give every opportunity to the Springfield community.

What about my stock?

Our independent analysts agree this is a sound, fair, and long-term positive investment in the future of Richwood Bank.

Every decision made to reinvest our growing profit back into our people, infrastructure and new business development is done in a fiscally responsible, calculated way that results in positive return for you.

For the past 20 years, the average annual return on your investment of stock has been 9.98%.  Last year, we invested in a new Marysville branch, fully renovated the Delaware lobby and added coffee shops to both while yielding a return on stock investment just over an amazing 12%!

Can I buy stock?

We are currently creating a list of interested individuals who would like to become stockholders. We anticipate additional shares becoming available in 2019. Thank you for your interest in investing with Richwood Bank!