Rhinebeck Bancorp completes second-step conversion, raises at $10/share

Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read

Key Changes

• high

  Completed conversion from two-tier mutual holding company to fully-public structure; mutual holding company ceased to exist, all shares now publicly held.

  Item 8.01 verify on EDGAR →
• high

  Sold 8,880,210 shares at $10.00/share for gross proceeds; existing public shareholders received 1.3978 new shares per share held.

  Exhibit 99.1 view on EDGAR →
• medium

  Total shares outstanding increased to 15,638,237 post-conversion and exchange (before fractional share adjustments).

  Exhibit 99.1 view on EDGAR →