other material
confidence high
sentiment neutral
materiality 0.60
Rhinebeck Bancorp launches up to 8.9M share offering at $10 for mutual-to-stock conversion
Rhinebeck Bancorp, Inc.
- Offering up to 8,912,500 shares at $10.00 each; minimum 6,587,500 shares must be sold to complete conversion.
- Second-step conversion from mutual holding company to fully stock holding company form.
- Subscription offering to eligible depositors and employee plans; community offering to NY counties residents, then existing stockholders, then public.
- Subject to regulatory approvals, stockholder and depositor approvals, and other customary conditions.
- Keefe Bruyette & Woods acting as marketing agent; Stock Information Center opened May 26, 2026.