Rhinebeck Bancorp, INC 8-K filings

Rhinebeck Bancorp, Inc. has terminated its Executive Long-Term Incentive and Retention Plan, with all participant accounts fully vested but distributions delayed.

Rhinebeck Bancorp, Inc. announced its second quarter 2026 financial results, reporting a slight decrease in net income compared to the prior year, alongside the successful completion of its second-step conversion and a significant stock offering.

Rhinebeck Bancorp, Inc. has successfully completed its conversion to a fully-public stock holding company and a related stock offering, issuing new shares and exchanging existing ones.

Rhinebeck Bancorp, Inc. announced the successful oversubscription of its subscription offering as part of its mutual-to-stock conversion, with an expected closing date of July 21, 2026.

Rhinebeck Bancorp, Inc. announced that its stockholders and Rhinebeck Bank depositors have approved the Amended and Restated Plan of Conversion and Reorganization, moving the company towards a fully public stock holding company structure.

Rhinebeck Bancorp, Inc. announced the commencement of a public offering of up to 8,912,500 shares of common stock at $10.00 per share, marking a transition from a mutual holding company to a fully stock holding company.

Rhinebeck Bancorp, Inc. announced the results of its Annual Meeting of Stockholders held on May 19, 2026, including the election of directors and ratification of its independent auditor.

Rhinebeck Bancorp, Inc. has engaged Keefe, Bruyette & Woods, Inc. to manage its stock offering as it converts to a fully public stock holding company, offering shares at $10.00 each.

Rhinebeck Bancorp reported Q1 2026 net income of $2.2 million, reflecting a slight decline from the prior year due to lower non-interest income and higher operating expenses.

Rhinebeck Bancorp's parent mutual holding company, Rhinebeck Bancorp, MHC, adopted a Plan of Conversion and Reorganization to become a fully-public stock holding company, involving a stock offering and exchange of existing shares.

Rhinebeck Bancorp, Inc. announced a significant return to profitability in 2025, reporting $10.0 million in net income for the full year, a substantial improvement from a net loss in 2024.

Rhinebeck Bancorp, Inc. reported a net income of $2.7 million for the third quarter of 2025, a significant turnaround from an $8.1 million net loss in the prior year, driven by improved net interest income and a balance sheet restructuring.

Suzane Loughlin has resigned from the Boards of Rhinebeck Bancorp, Inc. and Rhinebeck Bancorp, MHC, effective December 17, 2025, with no reported disagreements.

Rhinebeck Bancorp, Inc. announced the appointment of Matthew J. Smith as its new President and Chief Executive Officer, effective October 20, 2025, succeeding Michael J. Quinn.

Rhinebeck Bancorp, Inc. has adopted a new plan to repurchase up to 540,000 shares of its common stock, representing approximately 5% of outstanding shares.

Rhinebeck Bancorp, Inc. announced a significant increase in net income for the second quarter and first half of 2025, driven by improved net interest income, reduced credit losses, and enhanced asset quality.

Rhinebeck Bancorp's stockholders approved the 2025 Equity Incentive Plan and elected directors at the annual meeting held on May 21, 2025.

Rhinebeck Bancorp's net income for Q1 2025 surged to $2.3 million, a 104.1% increase compared to the same period last year, fueled by higher net interest income and non-interest income.

Rhinebeck Bancorp, Inc. announces the appointment of Sharon McGinnis and Nancy Patzwahl to its Board of Directors, effective April 15, 2025.

Rhinebeck Bancorp's President and CEO, Michael J. Quinn, will retire after 40 years with the bank, prompting a search for his successor.

Rhinebeck Bancorp reported a net loss of $2.7 million for the fourth quarter of 2024 and $8.6 million for the year, primarily due to losses on the sale of securities as part of a balance sheet restructuring.

Rhinebeck Bancorp has strategically repositioned its investment securities portfolio, selling $92 million in securities and reinvesting the proceeds into higher-yielding assets.

Rhinebeck Bancorp experienced a net loss of $8.1 million in the third quarter of 2024 due to a strategic balance sheet restructuring involving the sale of lower-yielding securities.

Rhinebeck Bancorp sold $71 million in securities and reinvested the proceeds into higher-yielding assets, projecting an increase in earnings per share and net interest margin.

Rhinebeck Bancorp has announced the non-renewal of employment agreements for its CEO and COO, with their terms expiring on December 31, 2026.

Rhinebeck Bancorp's second quarter net income decreased by 31.9% compared to the same period last year, primarily due to increased credit loss provisions and decreased net interest income.

Rhinebeck Bancorp has appointed Kevin Nihill as its new Chief Financial Officer and Treasurer, effective July 8, 2024, succeeding Michael J. McDermott.

Rhinebeck Bancorp held its annual stockholders meeting on May 21, 2024, where directors were elected and the company's accounting firm was ratified.

Rhinebeck Bancorp's first quarter net income increased by 40.5% year-over-year to $1.1 million, driven by higher non-interest income and lower expenses.

Rhinebeck Bancorp has announced the retirement of its CFO, Michael J. McDermott, effective May 31, 2024, and the appointment of Phillip Lekanides as Interim Principal Financial and Accounting Officer.