Rhinebeck Bancorp, Inc. appointed Suzanne Rhulen Loughlin to its Board of Directors effective August 18, 2026. Ms. Loughlin joins the Compensation Committee and the Governance and Nominating Committee. She is currently a co-founder and Executive Vice President of CrisisRisk Strategies, LLC, with prior experience as Chief Administrative Officer and General Counsel at a public government support services company. Previously, she founded Firestorm Solutions, LLC, sold in 2017, and spent 15 years at Frontier Insurance Group holding roles including Managing Attorney and Chief Administrative Officer. Ms. Loughlin has served on the board of Rhinebeck Bank since 2011 and previously as a director of the parent company until December 2025. The filing does not disclose specific compensation arrangements or indicate any understanding regarding her selection. Rhinebeck Bancorp, Inc. operates in the banking industry as a bank holding company.

Rhinebeck Bancorp, Inc. terminated the Rhinebeck Bank Executive Long-Term Incentive and Retention Plan on May 19, 2026. This non-qualified deferred compensation plan allowed contributions to vest 20% annually over five years for designated officers. Upon termination, account balances for participants Jamie Bloom and Kevin Nihill fully vested. Distributions are restricted by Section 409A of the Internal Revenue Code, with payments commencing no earlier than 12 months after May 19, 2026, and concluding no later than 24 months thereafter. Rhinebeck Bancorp operates as a bank holding company in the financial services industry.

Rhinebeck Bancorp, Inc. reported second quarter 2026 net income of $2.6 million ($0.24 per diluted share), a 4.0% decrease from $2.7 million in the prior year period. The company completed its second-step conversion on July 21, 2026, following the dissolution of its mutual holding company parent. This conversion included a public stock offering of 8,880,210 shares at $10.00 per share, generating $88.8 million in gross proceeds. Existing public stockholders received 1.3978 new shares for each share held, with fractional shares paid in cash at $10.00 per share. Post-transaction, the company expects approximately 15,638,237 shares outstanding. Rhinebeck Bancorp, Inc. is a financial services company operating as a bank holding company.

Rhinebeck Bancorp, Inc. completed its "second-step" conversion from a two-tier mutual holding company structure to a fully-public stock holding company. The company sold 8,880,210 shares of common stock at $10.00 per share. Existing public stockholders had their shares converted into new common stock at an exchange ratio of 1.3978. Following the conversion, offering, and exchange, the company has 15,638,237 shares of common stock outstanding, excluding fractional share adjustments. Rhinebeck Bancorp, Inc. is a bank holding company for Rhinebeck Bank, a New York-chartered stock savings bank.

Rhinebeck Bancorp, Inc. announced the results of its subscription offering related to the mutual-to-stock conversion of Rhinebeck Bancorp, MHC. The offering was oversubscribed in the first tier by eligible depositors. Upon completion, existing shareholders will receive 1.3978 shares of new common stock for each existing share held, with cash in lieu of fractional shares paid at $10.00 per share. The company expects to have 15,638,237 shares outstanding following the transaction. The conversion and offering are expected to close on July 21, 2026, with new shares anticipated to trade on the Nasdaq under the symbol RBKB on July 22, 2026. Rhinebeck Bancorp, Inc. is a bank holding company providing financial services through Rhinebeck Bank.

Rhinebeck Bancorp, Inc. stockholders and depositors of Rhinebeck Bank approved an Amended and Restated Plan of Conversion and Reorganization, converting the company from a mutual holding company to a stock holding company structure. Rhinebeck Bancorp, MHC will merge with and into the Company. Rhinebeck Bancorp, Inc. is a financial services company providing banking services.