Rhinebeck Bancorp, Inc. 8K

Rhinebeck Bancorp, Inc. reported slightly lower Q2 2026 earnings and completed a capital‑raising second‑step conversion that dissolved its mutual holding company and generated $88.8 million in gross proceeds.

Rhinebeck Bancorp, Inc. reported second‑quarter 2026 net income of $2.6 million, down 4% year over year, alongside modest growth in net interest income and non‑interest income, improved asset quality, and higher deposits, while also announcing that on July 21, 2026 its former mutual holding company, Rhinebeck Bancorp, MHC, completed a second‑step conversion in which the Company sold 8,880,210 shares at $10.00 per share for $88.8 million in gross proceeds and converted existing public shares into new Rhinebeck Bancorp common stock at an exchange ratio of 1.3978, resulting in 15,638,237 shares outstanding post‑transaction and a meaningfully strengthened capital position.

Filing Facts

CIK

1751783

Ticker

-

Form

8K

Source Type

sec

Accession

0001751783-26-000035

Alert Tier

7