Rhinebeck Bancorp, Inc. 8-K

What Happened
Rhinebeck Bancorp, Inc. filed an 8-K on May 26, 2026 announcing the commencement of a public offering of up to 8,912,500 shares of its common stock at a purchase price of $10.00 per share. The offering is being made in connection with the proposed conversion of Rhinebeck Bancorp, MHC from a mutual holding company structure to a fully stock holding company. The 8-K includes a press release dated May 26, 2026 (filed as Exhibit 99.1) and the report is signed by Matthew J. Smith, President and CEO.

Key Details

• Offering size: up to 8,912,500 common shares.
• Price per share: $10.00, implying gross proceeds of up to $89,125,000 if fully subscribed.
• Purpose: the offering is in connection with the proposed conversion of Rhinebeck Bancorp, MHC from mutual holding company to a fully stock holding company.
• Filing date and disclosure: Form 8-K filed May 26, 2026; press release attached as Exhibit 99.1.

Why It Matters
This filing notifies investors that Rhinebeck Bancorp is taking a formal step toward converting from a mutual holding company to a fully stock company and is offering shares to the public as part of that process. If the offering proceeds, it will introduce publicly issued common shares (and potential dilution for existing holders under the mutual structure), and generate capital tied to the conversion plan. Investors should watch for further regulatory approvals, offering status updates, and additional disclosures about how proceeds will be used and any timetable for the conversion.