Richwood Bank plans to open a new full-service banking branch in Urbana in late 2027, expanding its presence in central Ohio and bringing additional banking services to the community.
The bank announced the plans in October, citing Urbana’s strong civic spirit, growing business community and commitment to supporting local families and organizations as reasons for the expansion.
The planned branch will offer a range of financial services, including personal banking, business banking, mortgage lending, treasury management and digital banking solutions. The bank said the location will also emphasize local decision-making and personalized customer service.
“We are thrilled to become part of the Urbana community. Urbana reflects the values that have guided Richwood Bank for generations—supporting local businesses, strengthening neighborhoods, and helping people build successful futures. We look forward to listening, learning, and becoming an active partner in the community.”
— Chad Hoffman, President and CEO of Richwood Bank
Richwood Bank said the Urbana location will be part of its broader effort to invest in the communities it serves. The bank plans to work with local businesses, nonprofits, schools and community organizations while helping residents and business owners meet their financial goals.
The institution’s approach centers on building long-term relationships with customers and maintaining a local connection to the communities where they operate. According to the bank, its expansion into Urbana aligns with that mission.
Beyond traditional banking, Richwood Bank operates several additional service lines designed to support individuals and businesses. Those include Richwood Payroll, Richwood Marketing, Richwood Financial and Richwood Coffee.
The bank said these services provide additional ways to assist local businesses, promote financial well-being, connect community members and share expertise. The company describes its overall mission as inspiring, protecting and celebrating anything that helps communities thrive.
Founded in 1867, Richwood Bank has more than 150 years of history in community banking. The financial institution serves customers through a network of locations across central Ohio, offering personal banking, commercial banking, mortgage lending, wealth management and other business services.
Richwood Bank also emphasizes financial education, community involvement and local decision-making as part of its commitment to building lasting relationships with customers.
Additional information about the Urbana branch, including its specific location, staffing opportunities and opening celebrations, will be announced as development progresses.
The bank noted that the proposed branch remains subject to customary regulatory approvals, construction schedules, market conditions and other factors. While the anticipated opening is set for late 2027, the timeline and final plans could change.
Richwood Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender.
