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  • Commercial Real Estate Concentration (65.4% Of Loans) (new) — Commercial real estate and commercial business loans represent 65.4% of the loan portfolio, a named and quantified concentration that the offering will allow the company to increase further.
NASDAQ: RBKB Rhinebeck Bancorp, Inc. 424B3

Rhinebeck Bancorp prices 6.6M–8.9M share mutual-to-stock conversion at $10.00/share

Filed May 22, 2026 · ~2 min read

Offering filing cluster

Same offering
  1. 424B3 May 22, 2026 Rhinebeck Bancorp prices mutual-to-stock conversion at $10.00/share, raising $63M net proceeds EDGAR →
  2. 8-K May 26, 2026 Rhinebeck Bancorp launches $89M stock offering to convert from mutual to fully public company EDGAR →

Key Changes

  • high

    Rhinebeck Bancorp prices its mutual-to-stock conversion at $10.00 per share, offering 6,587,500 to 8,912,500 shares. Net proceeds to the company range from $31.5M (minimum) to $43M (maximum) after underwriting discount and expenses.

    Risk Factors verify on EDGAR →
  • high

    Commercial real estate and commercial business loans represent 65.4% of the loan portfolio ($626.3M at Dec 31, 2025). The offering will allow the company to increase commercial lending and loans-to-one-borrower limits, potentially amplifying concentration risk.

    Risk Factors verify on EDGAR →
  • high

    Automobile loans comprise 22.3% of the loan portfolio ($213.8M) and 16.4% of total assets. The company is actively shrinking this portfolio through higher pricing and tighter underwriting to reduce exposure and shift toward higher-yielding commercial loans.

    Business view on EDGAR →

6 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Source-verified from EDGAR · Narrative written by AI · Jul 8, 2026 · How we verify