Rhinebeck Bancorp launches $89M stock offering to convert from mutual to fully public company

Filed May 26, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

• high

  Company offering up to 8.9 million shares at $10.00 per share to raise up to $89.1 million as part of converting from mutual holding company structure to fully stock form

  Item 8.01 verify on EDGAR →
• high

  Conversion will eliminate mutual holding company structure where depositors held ownership stake, transitioning to standard public company ownership

  Press Release verify on EDGAR →
• medium

  Offering price set at $10.00 per share represents the initial public valuation for the converted entity

  Item 8.01 verify on EDGAR →