secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2022-10-06T23:59:59+00:00
Accession:  0001751783-22-000036
Event type: regulatory
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp settles with NY DFS over dealer markup claims; no further earnings impact
--------------------------------------------------------------------------------

- Bank settled with NYS DFS over claims of statistical differences in dealer markup on indirect auto loans.
- Bank denies allegations but agreed to settle to avoid costly litigation.
- Settlement fully reserved; no further impact on earnings; average refund $133.
- DFS did not find evidence of intentional discrimination; bank asserts dealers, not banks, set markup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178322000036/0001751783-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178322000036/rbkb-20221006x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-22-000036

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