• Rhinebeck Bancorp launched a stock offering tied to a proposed second-step conversion from mutual holding company to stock holding company.
• Up to 8,912,500 common shares offered at USD 10 per share; deal size up to USD 89.13 million.
• Conversion requires sale of at least 6,587,500 shares, implying minimum gross proceeds of USD 65.88 million.
• Shares to be sold first via a subscription offering to eligible depositors, then potentially through a community offering if unsubscribed.
• Completion remains subject to final regulatory clearances, stockholder approval, depositor approval, and customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rhinebeck Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001751783-26-000022), on May 26, 2026, and is solely responsible for the information contained therein.