Rhinebeck Bancorp appoints Kevin Nihill as CFO, effective July 8, 2024

Rhinebeck Bancorp, Inc.

Kevin Nihill appointed CFO and Treasurer; succeeds Michael J. McDermott (retired) and interim Philip Lekanides.
Base salary of $360,000 plus one-time $100,000 bonus payable March 15, 2025 if employed.
Eligible for 15,000 restricted stock awards upon compensation committee approval and continuous employment.
Change in control agreement provides severance of 2x base salary plus average bonus, through Dec 31, 2025.
Nihill previously EVP and CFO of St. Mary's Bank; holds CFA designation.

item 5.02 item 9.01

Executive movements

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Appointed

Kevin Nihill

Chief Financial Officer and Treasurer

RBKB · Rhinebeck Bancorp, Inc.

Effective: 2024-07-08
Filed: June 25, 2024, 7:59 PM ET

appointed Kevin Nihill, CFA, as Chief Financial Officer and Treasurer of the Company, Rhinebeck Bancorp, MHC and the Bank, effective July 8, 2024

Departed

Michael J. McDermott

Chief Financial Officer and Treasurer

RBKB · Rhinebeck Bancorp, Inc.

Effective: 2024-05-31
Successor: Kevin Nihill
Filed: June 25, 2024, 7:59 PM ET

Mr. Nihill succeeds Michael J. McDermott who retired as Chief Financial Officer and Treasurer of the Company, Rhinebeck Bancorp, MHC and the Bank, effective May 31, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Nihill was appointed as Chief Financial Officer and Treasurer at Rhinebeck Bancorp, Inc..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

appointed Kevin Nihill, CFA, as Chief Financial Officer and Treasurer of the Company, Rhinebeck Bancorp, MHC and the Bank, effective July 8, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. McDermott retired as Chief Financial Officer and Treasurer at Rhinebeck Bancorp, Inc..

Action: retired
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Mr. Nihill succeeds Michael J. McDermott who retired as Chief Financial Officer and Treasurer of the Company, Rhinebeck Bancorp, MHC and the Bank, effective May 31, 2024

View on SEC.gov

Rhinebeck Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000943374-24-000274

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