A central Ohio bank with a broader service idea
The Richwood Banking Company, trading as Richwood Bank, is an active Ohio state-member bank headquartered in Richwood and identified by FDIC certificate 12978. The Federal Reserve is its primary federal regulator. That legal identity matters because the Richwood name also appears on a holding company and several service lines. This profile follows the insured bank, with parent-company disclosures labeled separately. [1]
Richwood traces its roots to 1867. Its parent, Richwood Bancshares, describes a business serving households and companies across central Ohio. The distinctive feature is how far its customer relationship extends beyond the traditional branch counter: the group combines banking with business-support services and community gathering spaces. Its long history establishes continuity, but does not by itself establish present financial strength. [3]
A physical network and a community meeting place
The current bank directory lists Richwood, LaRue, Plain City, Huntsville, Marysville, Delaware, Springfield Limestone and Bellefontaine. It separates banking locations from coffee-shop locations and support offices. That distinction prevents a visitor from mistaking a marketing office or a coffee counter for a full-service banking branch. The listed communities place the business across several central and west-central Ohio markets rather than in one municipal economy. [4]
Richwood Coffee began in August 2015. The 2025 annual report describes donation-based coffee spaces in which contributions go to local nonprofit accounts. The arrangement gives residents a reason to enter a branch even without an immediate banking transaction. Its commercial importance is best understood as relationship-building; the reviewed material does not separately quantify how much lending or deposit growth the coffee concept produces. [3]
Property lending and practical business finance
Richwood advertises financing for rental houses, multifamily housing, retail space, offices, warehouses and hotels. Its business menu also includes credit lines, equipment loans and equipment leasing. Those uses create different repayment patterns: an operating line can support a short cash-flow gap, while property finance can remain outstanding for years. The offering demonstrates breadth, but it does not establish the proportion of loans in any individual property category. [5]
The bank reported $777.6 million of real-estate-secured loans at June 30, 2026, compared with $75.2 million of commercial-and-industrial loans. These regulatory categories confirm that property security is a major part of the balance sheet. They do not reveal individual tenants, appraisal quality, borrower leverage or the timing of contractual rate resets. [2]
Payments, payroll and marketing
Its business-services page describes ACH payments, electronic check deposits, smart-safe cash handling and a lockbox service for mailed payments. Positive Pay compares payment information to customer-provided records and presents exceptions for review. These tools place the bank within the routine movement of a business’s money, including payroll, supplier payments and collections. Their usefulness depends on the customer’s own procedures as well as the bank’s technology. [6]
Richwood also markets payroll administration, creative and marketing work, workforce consulting and retirement-plan services. That is an unusually wide service menu for a community-bank brand. The distinction between banking and ancillary services remains important: buying a marketing service or an investment product is not the same transaction as opening an insured deposit account. The public page does not establish separate profitability for each service line. [6]
The June 2026 balance sheet
At June 30, 2026, Richwood reported $1.296 billion of assets, $1.063 billion of deposits, $878.7 million of net loans and leases and $128.3 million of equity. At June 30, 2025, assets were $1.227 billion and deposits $1.066 billion. Thus, the bank grew assets over the year while deposit balances were slightly lower. All these amounts cover the bank alone and are converted from the FDIC’s thousands-of-dollars reporting. [2]
Calendar first-half net income increased to $8.0 million from $6.4 million. Nonaccrual loans, on which ordinary interest recognition has stopped, rose to $11.4 million from $1.8 million. The income improvement and credit deterioration are separate facts; stronger earnings do not erase the need to resolve troubled borrowers. Nor does a nonaccrual balance mean every affected dollar will become a loss. [2]
Property ownership changed; banking continued
The 2025 consolidated annual report records a September 12, 2025 sale-and-leaseback of four branch properties for $13.5 million. Richwood continued to occupy the premises under initial 16-year leases, retaining responsibility for insurance, taxes and maintenance. Economically, the transaction exchanged ownership of buildings for cash and long-term rental obligations. It should not be described as four branch closures. [3]
A dated community-credit assessment
The Federal Reserve Bank of Cleveland’s May 12, 2025 CRA evaluation rated Richwood Outstanding overall and on both lending and community development. The document is hosted under a filename mentioning 2026, but its examination date is 2025. CRA addresses the institution’s record of meeting community credit needs, including those of lower-income neighborhoods. It is not a current safety-and-soundness opinion or a guarantee about subsequent loan performance. [7]
Sources
- FDIC BankFind identity; October 2, 2026 datasetOfficial sourceBack to text: ↑1↑2
- FDIC bank financials; June 30, 2026 and 2025; income is calendar year-to-dateOfficial sourceBack to text: ↑1↑2↑3
- Richwood Bancshares 2025 annual report; history, coffee and sale-leasebackFiling / report · PDFBack to text: ↑1↑2↑3
- Richwood current location directorySourceBack to text: ↑
- Richwood commercial lendingSourceBack to text: ↑
- Richwood business servicesSourceBack to text: ↑1↑2
- Federal Reserve CRA evaluation, May 12, 2025Source · PDFBack to text: ↑