---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000274"
form_type: "8-K"
ticker: "RBKB"
cik: "0001751783"
company_name: "Rhinebeck Bancorp, Inc."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:14:10.558035+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000943374-24-000274
- form_type: 8-K
- ticker: RBKB
- cik: 0001751783
- company_name: Rhinebeck Bancorp, Inc.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751783/000094337424000274/0000943374-24-000274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751783/000094337424000274/form8k_061824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000274
- JSON: https://secwatch.observer/filing/0000943374-24-000274.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000274.txt

## Key facts
- Executive change
  Kevin Nihill was appointed as Chief Financial Officer and Treasurer at Rhinebeck Bancorp, Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: appointed Kevin Nihill, CFA, as Chief Financial Officer and Treasurer of the Company, Rhinebeck Bancorp, MHC and the Bank, effective July 8, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751783/000094337424000274/0000943374-24-000274-index.htm
- Executive change
  Michael J. McDermott retired as Chief Financial Officer and Treasurer at Rhinebeck Bancorp, Inc..
  - Action: retired
  - Role: Chief Financial Officer and Treasurer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751783/000094337424000274/0000943374-24-000274-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.