Rhinebeck Bancorp Announces Closing of Second-Step Conversion and Stock Offering

What Happened
Rhinebeck Bancorp, Inc. (the holding company for Rhinebeck Bank) filed an 8-K on July 21, 2026 announcing the closing of its previously reported "second-step" conversion of Rhinebeck Bancorp, MHC and the reorganization of Rhinebeck Bank from a two-tier mutual holding company structure to a fully public stock holding company structure. The filing also reports the completion of the related stock offering conducted by the company. A press release describing the closing was filed as Exhibit 99.1 to the 8-K.

Key Details

• Filing date: July 21, 2026 (Form 8-K).
• Transaction: Completed "second-step" conversion of Rhinebeck Bancorp, MHC and reorganization of Rhinebeck Bank to a fully-public stock holding company.
• Related action: Company conducted and closed a stock offering tied to the conversion.
• Exhibit: Press release dated July 21, 2026 filed as Exhibit 99.1; 8-K signed by Matthew J. Smith, President & CEO.

Why It Matters
This filing confirms completion of the previously announced reorganization and stock offering, changing the company’s ownership structure from a mutual holding company to a fully public stock holding company. For investors, that completion is material because it finalizes the corporate conversion and the issuance of publicly held stock, which affects ownership, governance and the company’s ability to access capital markets.