SCHEDULE: Vanguard Group Reports 0% Stake in Richmond Mutual BanCorp

The Vanguard Group reports 0% beneficial ownership in Richmond Mutual BanCorp Inc following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Richmond Mutual BanCorp Inc.
• As of March 13, 2026, The Vanguard Group reports 0 shares beneficially owned, representing 0% of the Common Stock class.
• This change stems from an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a procedural update regarding The Vanguard Group's reporting structure and beneficial ownership, not an assessment of Richmond Mutual BanCorp Inc's performance or prospects.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding Richmond Mutual BanCorp Inc's future performance or strategic direction. It primarily details a past internal realignment within The Vanguard Group and its impact on beneficial ownership reporting.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Industry Context

StockSavvy.ai notes that such internal realignments are common among large asset managers like The Vanguard Group, often driven by operational efficiencies, regulatory compliance, or strategic shifts in fund management structures. This specific filing reflects a change in reporting methodology rather than a fundamental shift in investment strategy for the underlying assets, which are now reported by disaggregated entities.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure for a change in beneficial ownership reporting by a large institutional investor. It does not contain performance metrics or operational results for Richmond Mutual BanCorp Inc that would allow for direct comparison to industry benchmarks or specific comparable companies.

Stakeholder Impact

• Shareholders of Richmond Mutual BanCorp Inc: The direct impact is minimal as the underlying investment strategy for the shares previously held by Vanguard is likely continuing under different reporting entities. It clarifies Vanguard's direct beneficial ownership is now zero.
• The Vanguard Group's clients/investors: The internal realignment aims to streamline reporting, potentially improving transparency or operational efficiency for Vanguard's various funds and managed accounts.

Next Steps

• The Vanguard Group's subsidiaries and/or business divisions will continue to report beneficial ownership separately on a disaggregated basis, in accordance with SEC Release No. 34-39538.

Key Dates

Keywords

Richmond Mutual BanCorp Inc, Vanguard Group, Schedule 13G, beneficial ownership, common stock, internal realignment, SEC filing, institutional ownership