Rhinebeck Bancorp stockholders approve mutual-to-stock conversion with 99.9% support

Filed June 29, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  Stockholders and depositors approved conversion from mutual holding company to fully public stock structure, with 99.9% support (10.1M for, 7,369 against). Minority stockholders excluding the MHC voted 99.8% in favor (3.8M for, 7,369 against).

  Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
• high

  Conversion closing requires final regulatory approvals and sale of at least 6.6M shares. Final share count will be determined by independent appraisal and regulatory approvals.

  Exhibit 99.1 verify on EDGAR →
• medium

  Subscription offering expired June 18, 2026. Based on preliminary results, company will not hold a community offering phase, suggesting sufficient subscription demand.

  Exhibit 99.1 verify on EDGAR →