100 Years Strong

Mutual Federal, A division of First Bank Richmond is proud to celebrate 100 years serving Shelby and Miami counties. Founded August 25, 1922, Mutual Federal originated as First Mutual Savings and Loan Association with one location and just six employees. Mutual Federal has grown to five full-service bank locations located in Sidney, Piqua and Troy, Ohio, and a loan production office in Columbus, Ohio. We currently have 33 employees supporting our customers.


A brief history of time.



A timeline we're proud of...



1922  Organized as First Mutual Savings & Loan

1940  Mutual Federal was Federalized

1942  $1 Million in Assets

1947  25th Anniversary



1965  $5 Million in Assets

1972  50th Anniversary

1978  Grand Opening Sidney Downtown Office/Computers online

1979  $20 Million in Assets



1981  Checking accounts are offered/$25 Million in Assets

1982  Consumer/Auto Loans offered

1984  $30 Million in Assets

1988  Charter changed to Stock Savings Bank



1993  $50 Million in Assets

1994  Grand Opening Piqua Branch

1996  Grand Opening Kroger Branch in Sidney

1997  75th Anniversary



2000  $80 Million in Assets

2004  Grand Opening Troy Branch /$100 Million in Assets

2007  Richmond Mutual Bancorp officially purchases Mutual Federal Savings Bank


2010  Randy Herron retires as President of Mutual Federal and Dean Weinert assumes the role

2015  Ground breaking ceremony held for new bank location at 2601 Michigan Street

2015  Opened loan production office in Columbus, Ohio

2016  Grand Opening Sidney Michigan Street Branch

2016  Sidney Downtown Office converts to drive thru only

2018  Kroger Branch is closed and Sidney Downtown re-opens as full service office

2018   $200 Million in Assets

2019  Grand Opening Piqua Downtown Branch


2020  COVID-19 Pandemic caused lobbies to temporarily close and drive-thru and ATM services were optimized.


2022  $300 Million in Assets


And more to come!



HubSpot Video

A word from our president...

“From the beginning, Mutual Federal focused on two primary tenets - to provide quality banking services on a more personalized basis to the people in Sidney and Shelby County, and to become a recognized exceptional corporate citizen that strives to improve the quality of life in its communities through its direct financial stewardship and its dedicated community involvement. Today, as Mutual Federal celebrates its 100 Year anniversary, we remain diligent in successfully operating our bank focused upon these same two very same important and fundamental objectives, by striving to maintain our recognized and respected community leadership role in the markets that we serve, and by simply delivering the dependable and sincere brand of service that all our customers have come to deserve and expect.  We are all anxiously looking forward to beginning the next 100 years as we continue to provide excellence in banking!”

-Dean W. Weinert, President, Mutual Federal


House Key MF


Making Homeownership a Reality for Many - Over the past two years, we’ve provided homeownership to more than 250+ customers, including 22 first time homebuyers resulting in loans of nearly $40M.

MF Insurance


Keeping Businesses Alive & Thriving During a Global Crisis - In 2020 and 2021, we provided PPP funding to more than 243 local businesses, totaling more than $78M in funding.

Pay Money MF


Supporting Economic Growth & Prosperity - We provided more than $222M in business lending over the past two years.

Bricks and Build MF


2021 charitable donations: $92,760

Mutual Federal is committed to be an integral partner to the communities in which they serve. Since 1922, 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 years 2020 and 2021, they proudly donated nearly $92,760 to local not-for-profit organizations.
  • Board/employee leadership and participation with local not-for-profit organizations.
  • Donations (in-kind) and fundraising efforts to promote local initiatives.

6 locations serving Western Ohio