In today’s unpredictable financial landscape, finding a trusted partner for your banking needs is more important than ever. That’s why we’re thrilled to announce that Richwood Bank has once again earned a prestigious 5-star rating from BauerFinancial – an accolade that speaks volumes about our commitment to financial strength and stability.

Why is this rating so significant? Well, BauerFinancial is an independent organization that analyzes banks’ performance based on various criteria such as capital adequacy, asset quality, profitability, and more. Their rigorous evaluation process ensures that only the most stable and secure institutions receive their highest accolades.

Chief Financial Officer Ash Khatib is tasked with ensuring that every decision made within the organization aligns with the bank’s overall mission of providing a secure and trustworthy banking experience to its customers and optimizing profitability for our shareholders. He shares why he believes Richwood customers should feel confident in choosing us as their financial partner:

“At Richwood Bank, we prioritize the safety and soundness of our institution. We are committed to managing risk responsibly, ensuring that we do not take on excessive exposure or unnecessary risks. As a community-focused bank, we live and work in the communities we serve. We value local deposits and make local loans while implementing effective risk management practices, allowing us to remain safe and secure in any economic environment.

Richwood Bank operates under a community banking model, which sets us apart from solely relying on interest rates to attract customers. Our primary focus is delivering exceptional service and fostering strong relationships within our local communities. With nearly 160 years of experience, we understand that this approach, rooted in community and safe and sound banking practices, is crucial for sustained success.

We take great pride in our community and in serving our customers. It is our passion to offer exceptional services that cater to their unique needs. Our commitment to going above and beyond for our community drives us to thrive and continuously enhance our offerings. At Richwood Bank, we believe that true banking goes beyond numbers and transactions. It’s about building connections, supporting our community, and providing outstanding service to our valued customers.”


Banking should be more than just transactional; it should be about building trust and fostering lasting relationships. At Richwood Bank, we have been a trusted financial partner for 156 years with a dedicated team that understands your goals, supports your dreams, and has the expertise to guide you toward achieving them. If you’re not already a customer, we encourage you to discover the difference community banking makes with Richwood Bank!