Welcome to our dedicated page for Rhinebeck Bancorp news (Ticker: RBKB), a resource for investors and traders seeking the latest updates and insights on Rhinebeck Bancorp stock.
Rhinebeck Bancorp, Inc. reports recurring developments as the holding company for Rhinebeck Bank, a New York-chartered stock savings bank serving consumer and commercial customers in New York State. News commonly covers quarterly and annual operating results, including net interest income, non-interest income and expense, provision for credit losses, asset quality and the effects of balance-sheet actions on earnings.
Company updates also address Rhinebeck Bank's commercial banking platform, treasury management and relationship-based services, deposit-account technology, and Rhinebeck Asset Management's brokerage, investment advisory, financial product sales and employee benefits offerings. Governance items include board and executive leadership changes within Rhinebeck Bancorp, Rhinebeck Bancorp, MHC and the bank.
Rhinebeck Bancorp (NASDAQ: RBKB) reported second-quarter 2026 net income of $2.6 million, or $0.24 per diluted share, down 4.0% from $2.7 million, or $0.25, a year earlier. Six-month 2026 net income was $4.8 million, or $0.45 per basic share, 3.6% below the prior-year period.
Net interest income rose 1.2% year-over-year for the quarter to $11.6 million, while net interest margin fell 19 basis points to 3.78%. Non-interest income increased 8.8% to $1.7 million, but non-interest expense grew 3.1% to $10.0 million. Past-due loans declined 34.6% from year-end, and non-performing assets fell to $3.4 million.
On July 21, 2026, the company completed its second-step conversion, selling 8,880,210 shares at $10.00 per share for gross proceeds of $88.8 million. After the offering and exchange at a 1.3978-to-1 ratio, shares outstanding are expected to be 15,638,237, subject to fractional share adjustments. Reported per-share data do not reflect the conversion or offering.
Rhinebeck Bancorp (NASDAQ: RBKB) completed its second-step conversion from a two-tier mutual holding company to a fully public stock holding company and closed its related stock offering. Rhinebeck Bancorp, MHC will cease to exist following the conversion.
The company sold 8,880,210 common shares at $10.00 per share. Existing public shares as of July 21, 2026 were exchanged into new shares at an exchange ratio of 1.3978, resulting in 15,638,237 common shares outstanding before fractional share adjustments. DRS statements, interest and refund checks are expected to mail on or about July 21, 2026, and cash in lieu of fractional shares on or about July 24, 2026.
Rhinebeck Bancorp (Nasdaq:RBKB) reported that its subscription offering, conducted as part of the mutual-to-stock conversion of Rhinebeck Bancorp MHC, was oversubscribed in the first tier by eligible depositors as of December 31, 2024, with valid orders exceeding the maximum of the offering range. Only this priority group will receive allocations, subject to the prospectus procedures. Existing public shareholders will have their shares exchanged so they own approximately the same percentage of the new company, receiving 1.3978 new shares for each existing share, with cash for fractional shares at $10.00 per share. After the offering and exchange, Rhinebeck Bancorp expects to have 15,638,237 shares outstanding, and, subject to customary closing conditions, anticipates closing on July 21, 2026, with the new shares trading on Nasdaq under “RBKB” from July 22, 2026.
Rhinebeck Bank (NASDAQ:RBKB) announced the opening of a new Commercial Lending Representative Office in Rye Brook, Westchester County, New York, expanding its commercial banking footprint. The office will offer local businesses access to commercial real estate financing, construction loans, equipment financing and commercial lines of credit.
According to Rhinebeck Bank, the move aligns with its long-term growth strategy and community banking focus. The bank is adding Ryan Muller as Senior Vice President, Commercial Lender, and Ryan Flynn as Vice President, Commercial Lender, both bringing over 15 years of regional commercial banking experience.
Rhinebeck Bancorp (NASDAQ:RBKB) stockholders and Rhinebeck Bank depositors approved an Amended and Restated Plan of Conversion and Reorganization on June 29, 2026. The mutual holding company will convert to a fully public stock holding company.
Closing the conversion and related stock offering requires final regulatory approvals, sale of at least 6,587,500 shares, and customary conditions. The subscription offering closed June 18, 2026, with no community offering expected.
Rhinebeck Bancorp (NASDAQ:RBKB) began a stock offering tied to a proposed second-step conversion of Rhinebeck Bancorp, MHC to a stock holding company structure.
The company is offering up to 8,912,500 shares at $10.00 each, with a minimum of 6,587,500 shares required to complete the conversion, subject to regulatory and stakeholder approvals.
Rhinebeck Bancorp (NASDAQ:RBKB) reported net income of $2.2 million for Q1 2026, a 3.1% decline versus Q1 2025. Net interest income was $11.19 million and net interest margin was 3.77%. Provision for credit losses fell to $71,000; non-interest income declined and non-interest expense rose modestly.
Total assets were $1.285 billion, deposits were $1.103 billion, and stockholders' equity was $138.6 million at March 31, 2026.
Rhinebeck Bank (NASDAQ:RBKB) appointed Michael Vitale as Executive Vice President, Head of Commercial Banking effective April 13, 2026. Vitale will lead commercial lending, expand treasury management services, and oversee relationship-based banking across the Hudson Valley while emphasizing credit quality.
He brings nearly two decades of commercial banking experience from Webster Bank, Sterling National Bank, The Westchester Bank and JPMorgan Chase, and has a BS in Economics and Mathematics from Fairfield University.
Rhinebeck Bank (ALKT) partnered with MANTL, an Alkami solution team, to modernize business and retail account opening across physical and digital channels.
The implementation of MANTL's omnichannel deposit origination platform aims to streamline onboarding, automate KYC/AML/BSA checks, and expand Rhinebeck Bank's digital reach for faster, secure account opening.
Rhinebeck Bancorp (Nasdaq: RBKB) announced a Plan of Conversion and Reorganization for a "second step" conversion of its parent mutual holding company into a stock holding company. The mutual holding company currently owns approximately 57% of outstanding common stock.
The MHC will merge into the Company, and the Company will offer the MHC-owned shares in a subscription offering to eligible depositors and, if needed, community or underwritten offerings. Eligible account holders as of Dec 31, 2024 have first priority subscription rights. Completion is expected in Q3 2026, subject to regulatory, depositor, and stockholder approvals.