secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0001104659-26-012668
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp adopts second-step conversion; MHC to merge into Company, stock offering planned
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- MHC currently owns ~57% of RBKB shares and will cease to exist upon completion.
- Minority stockholders' shares will be exchanged using a ratio designed to preserve their ownership percentages.
- Subscription offering gives eligible depositors (record date Dec 31, 2024) first priority to buy shares.
- Proceeds from the stock offering will reflect the MHC's ownership interest; share price set by independent appraisal.
- Expected closing in Q3 2026, conditioned on regulatory approval and stockholder/depositor votes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000110465926012668/0001104659-26-012668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000110465926012668/tm265741d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-012668

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