Rhinebeck Bancorp, Inc. Announces Adoption of Plan of Conversion and Reorganization to Undertake Second Step Conversion
POUGHKEEPSIE, NY / ACCESS Newswire / February 10, 2026 / Rhinebeck Bancorp, Inc. (Nasdaq Global Market "RBKB") (the "Company"), the holding company for Rhinebeck Bank (the "Bank"), announced today that the Board of Trustees of its parent mutual holding company, Rhinebeck Bancorp, MHC (the "MHC"), has adopted a Plan of Conversion and Reorganization pursuant to which the MHC will undertake a "second step" conversion from the mutual holding company structure to the stock holding company structure. The MHC, which was formed in connection with the reorganization of the Bank into the mutual holding company structure and the related initial public offering by the Company in 2019, currently owns approximately 57% of the outstanding shares of common stock of the Company.
