secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0001751783-22-000033
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp authorizes repurchase of up to 247,506 shares (~5% of outstanding)
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- Repurchase authorization of up to 247,506 shares, approximately 5% of outstanding common stock (excluding MHC shares).
- First buyback program since completing mutual holding company reorganization and IPO in January 2019.
- Repurchases expected to commence after public release of Q3 2022 results (quarter ending Sept 30, 2022).
- Program has no expiration date; shares may be repurchased via open market or private transactions.
- Company not obligated to repurchase any specific number; timing depends on market conditions, stock price, etc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178322000033/0001751783-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178322000033/rbkb-20220915x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer