Rhinebeck Bancorp completes second-step conversion, sells 8.88M shares at $10

Rhinebeck Bancorp, Inc.

Sold 8,880,210 shares at $10.00 per share in the offering.
Existing public shares converted at exchange ratio of 1.3978.
Total shares outstanding after conversion: 15,638,237 (pre-fractional).
MHC ceases to exist; company now fully-public stock holding company.
Continental Stock Transfer to mail DRS statements and refunds on July 21.

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