# Rhinebeck Bancorp, Inc. (RBKB) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_73483018a450ea863559 · retrieved 2026-08-11T15:53:23.011Z

## Overview
Rhinebeck Bancorp, Inc. is the holding company of Rhinebeck Bank, a New York-chartered stock savings bank providing banking and financial services to consumer and commercial customers through twelve branches and three representative offices in Dutchess, Ulster, Orange, and Albany counties in New York State.

On July 21, 2026, Rhinebeck Bancorp, MHC (the former mutual holding company parent) completed its second-step conversion and ceased to exist. In connection with the conversion, Rhinebeck Bancorp, Inc. conducted a public stock offering, selling 8,880,210 shares of common stock at $10.00 per share for total gross proceeds of $88.8 million. Each outstanding share of Rhinebeck Bancorp, Inc. common stock owned by public stockholders was converted into new shares based on an exchange ratio of 1.3978 shares of Rhinebeck Bancorp common stock. Following the transaction, Rhinebeck Bancorp, Inc. will have 15,638,237 shares outstanding (subject to adjustment for fractional shares).

## Terms
- Deal value: $88.8M · Consideration: mixed · Price/share: $10

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0001751783-26-000035): 8-K - Rhinebeck Bancorp, Inc. — *Rhinebeck Bancorp, Inc. is the holding company of Rhinebeck Bank, a New York-chartered stock savings bank providing banking and financial services to consumer and commercial customers through twelve branches and three representative offices in Dutchess, Ulster, Orange, and Albany counties in New York State.* On July 21, 2026, Rhinebeck Bancorp, MHC (the former mutual holding company parent) completed its second-step conversion and ceased to exist. In connection with the conversion, Rhinebeck Bancorp, Inc. conducted a public stock offering, selling 8,880,210 shares of common stock at $10.00 per share for total gross proceeds of $88.8 million. Each outstanding share of Rhinebeck Bancorp, Inc. common stock owned by public stockholders was converted into new shares based on an exchange ratio of 1.3978 shares of Rhinebeck Bancorp common stock. Following the transaction, Rhinebeck Bancorp, Inc. will have 15,638,237 shares outstanding (subject to adjustment for fractional shares).
  https://www.sec.gov/Archives/edgar/data/1751783/0001751783-26-000035.txt

## Citations
- 0001751783-26-000035 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000175178326000035