Rhinebeck Bancorp non-renews CEO and COO contracts; terms expire Dec 31, 2026

Rhinebeck Bancorp, Inc.

Board provided notice of non-renewal to Michael J. Quinn (President & CEO) and Jamie J. Bloom (EVP, COO & Chief Banking Officer).
Employment agreements will expire on December 31, 2026; no immediate departure.
Decision is part of a broader change in corporate philosophy to normalize employment contract terms.
Company states non-renewal does not reflect individual performance evaluation or anticipated management changes.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Michael J. Quinn

President and Chief Executive Officer

RBKB · Rhinebeck Bancorp, Inc.

Effective: 2026-12-31
Filed: September 20, 2024, 7:59 PM ET

On September 17, 2024, the Board of Directors of Rhinebeck Bank, the wholly owned subsidiary of Rhinebeck Bancorp, Inc., provided notice of non-renewal to each of Michael J. Quinn, President and Chief Executive Officer, and Jamie J. Bloom, EVP, Chief Operating Officer & Chief Banking Officer, under each individual’s Amended and Restated Employment Agreement.

Departed

Jamie J. Bloom

EVP, Chief Operating Officer & Chief Banking Officer

RBKB · Rhinebeck Bancorp, Inc.

Effective: 2026-12-31
Filed: September 20, 2024, 7:59 PM ET

On September 17, 2024, the Board of Directors of Rhinebeck Bank, the wholly owned subsidiary of Rhinebeck Bancorp, Inc., provided notice of non-renewal to each of Michael J. Quinn, President and Chief Executive Officer, and Jamie J. Bloom, EVP, Chief Operating Officer & Chief Banking Officer, under each individual’s Amended and Restated Employment Agreement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Quinn departed as President and Chief Executive Officer at Rhinebeck Bancorp, Inc..

Action: provided notice of non-renewal
Role: President and Chief Executive Officer

Exact text from the filing

On September 17, 2024, the Board of Directors of Rhinebeck Bank, the wholly owned subsidiary of Rhinebeck Bancorp, Inc., provided notice of non-renewal to each of Michael J. Quinn, President and Chief Executive Officer, and Jamie J. Bloom, EVP, Chief Operating Officer & Chief Banking Officer, under each individual’s Amended and Restated Employment Agreement.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jamie J. Bloom departed as EVP, Chief Operating Officer & Chief Banking Officer at Rhinebeck Bancorp, Inc..

Action: provided notice of non-renewal
Role: EVP, Chief Operating Officer & Chief Banking Officer

Exact text from the filing

On September 17, 2024, the Board of Directors of Rhinebeck Bank, the wholly owned subsidiary of Rhinebeck Bancorp, Inc., provided notice of non-renewal to each of Michael J. Quinn, President and Chief Executive Officer, and Jamie J. Bloom, EVP, Chief Operating Officer & Chief Banking Officer, under each individual’s Amended and Restated Employment Agreement.

View on SEC.gov

Rhinebeck Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000943374-24-000388

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