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Rhinebeck Bank Announces Retirement of Frederick Battenfeld from Board of Directors

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Rhinebeck Bancorp (NASDAQ:RBKB) announced the retirement of Frederick L. Battenfeld from its board of directors, effective May 21, 2025. Battenfeld, who joined the board in 1995, served for 30 years and was the fourth-generation owner of F.W. Battenfeld & Son, a family-run farm in Red Hook, N.Y. During his tenure, he chaired the Audit committee and served on the Loan Review committee. He succeeded his father Richard on the Bank's board and was known for his contributions to making Rhinebeck Bank a premier community bank in the Hudson Valley. Battenfeld was also actively involved in community service, including serving as past president of the Dutchess County Fair.
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Positive

  • Board member had 30 years of experience providing strategic oversight and business acumen
  • Demonstrated stable leadership with long-term family connection to the bank's governance

Negative

  • None.

News Market Reaction 1 Alert

+4.84% News Effect

On the day this news was published, RBKB gained 4.84%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

POUGHKEEPSIE, NY / ACCESS Newswire / June 10, 2025 / Rhinebeck Bancorp, Inc. (NASDAQ:RBKB), its wholly-owned subsidiary, Rhinebeck Bank, and its mutual holding company, Rhinebeck Bancorp, MHC, announced the retirement of Frederick L. Battenfeld from their respective boards of directors, effective May 21, 2025.

Battenfeld, the fourth-generation owner of F.W. Battenfeld & Son, a family-run farm (greenhouse range and Christmas trees) in Red Hook, N.Y., served as a Rhinebeck Bank board member since 1995. He succeeded his father, Richard, on the Bank's board. During his board tenure, he served on multiple committees, including many years as chairman of the Audit committee and as a member of the Loan Review committee.

"I'm proud to have served on the board of what I considered to be the best bank in the Hudson Valley," said Battenfeld. "Through good service, good value and good customer relationships, I know we can continue as the best of the Valley for years to come."

"Fred has been a valuable board member and has greatly contributed to Rhinebeck Bank becoming the premier community bank that we are today," said Bill Irwin, Chairman of Rhinebeck Bank's board of directors. "His business acumen, strategic foresight, personal integrity and commitment to the betterment of the communities we serve have helped lead us over the past three decades. It has been my privilege to have worked alongside Fred and I am deeply grateful for the significant contributions he has made."

Among his many community service endeavors over the years, Battenfeld was an active volunteer with the Dutchess County Fair, including service as past president.

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About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc. is a Maryland corporation organized as the mid-tier holding company of Rhinebeck Bank and is the majority-owned subsidiary of Rhinebeck Bancorp, MHC. For more than 165 years, Rhinebeck Bank has been an integral part of the area's economic growth and a driving force for commerce along the Hudson River. Rhinebeck Bank takes pride in being personally involved in local businesses, communities, and charitable organizations. Its ability to be responsive to the needs of customers and community has led its continued growth. For more information about Rhinebeck Bank or any of its products or services, please visit: www.rhinebeckbank.com.

CONTACT: William C. Irwin
Chairman of the Board
(845) 790 -1514

SOURCE: Rhinebeck Bancorp, Inc.



View the original press release on ACCESS Newswire

FAQ

When did Frederick Battenfeld retire from Rhinebeck Bank's (RBKB) board of directors?

Frederick Battenfeld retired from Rhinebeck Bank's board of directors effective May 21, 2025.

How long did Frederick Battenfeld serve on RBKB's board?

Frederick Battenfeld served on Rhinebeck Bank's board for 30 years, since 1995.

What committees did Frederick Battenfeld serve on at Rhinebeck Bank?

Frederick Battenfeld served as chairman of the Audit committee and as a member of the Loan Review committee.

What was Frederick Battenfeld's business background?

Frederick Battenfeld was the fourth-generation owner of F.W. Battenfeld & Son, a family-run farm specializing in greenhouse range and Christmas trees in Red Hook, N.Y.

What community involvement did Frederick Battenfeld have?

Battenfeld was an active volunteer with the Dutchess County Fair and served as its past president.
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Banks - Regional
Savings Institutions, Not Federally Chartered
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United States
POUGHKEEPSIE