Monitor the closing on July 21 and the start of new-share trading on July 22. The oversubscription and favorable exchange ratio are positive signals, but the stock may have already priced in the conversion. Watch for any post-conversion trading volume and potential ESOP open-market purchases.
Price Chart
Executive Summary
Rhinebeck Bancorp announced the results of its mutual-to-stock conversion subscription offering, which was oversubscribed in the first tier by eligible depositors. Existing shareholders will receive 1.3978 new shares for each existing share, and the company will have 15,638,237 shares outstanding post-conversion. The transaction is expected to close on July 21, 2026, with new shares trading on July 22.
Key Facts
- Subscription offering oversubscribed in first tier; no other priority groups filled.
- Existing shareholders receive 1.3978 new shares per existing share; fractional shares paid at $10.00 per share.
- Post-conversion shares outstanding: 15,638,237 (subject to fractional share adjustment).
- Closing expected July 21, 2026; new shares begin trading July 22, 2026.
- ESOP expected to purchase up to 4% of shares sold in open market after conversion.
Financial Impact
No revenue or earnings figures provided. The exchange ratio of 1.3978 implies a ~40% increase in share count for existing holders, but proportional ownership is maintained. The oversubscription indicates strong demand.
Risk Factors
- Customary closing conditions could delay the transaction.
- Post-conversion trading may experience volatility as the new share structure settles.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001751783-26-000029 |
| Document: 0001751783-26-000029-index.html | 0001751783-26-000029 |
| Document: 0001751783-26-000029.txt | 0001751783-26-000029 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $12.97 | awaiting T+60 | — | $12.85 (−0.93%) |
Aug 6, 2026 11w ago | Insider Buy | $12.52 | awaiting T+60 | — | $12.85 (+2.64%) |
Jul 23, 2026 13w ago | Insider Cluster | $12.43 $12.69 | ▲ +2.09% | ▼ −1.64% | $12.85 (+3.38%) |
Jul 17, 2026 14w ago | 8-K | $17.02 $17.98 | ▲ +5.64% | ▲ +0.95% | $12.85 (−24.50%) |
Jun 29, 2026 17w ago | 8-K | $17.31 $17.95 | ▲ +3.71% | ▲ +0.97% | $12.85 (−25.77%) |
May 26, 2026 21w ago | 8-K | $11.02 $12.65 | ▼ −14.75% | ▼ −12.03% | $12.85 (−16.57%) |
May 15, 2026 23w ago | EFFECT | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.85 (+11.99%) |
May 14, 2026 23w ago | 8-K | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.85 (+11.99%) |
May 11, 2026 24w ago | S-1/A | $11.50 $12.16 | ▲ +5.78% | ▲ +1.38% | $12.85 (+11.78%) |
Apr 24, 2026 26w ago | S-1/A | $16.05 $12.04 | ▼ −24.98% | ▼ −29.76% | $12.85 (−19.94%) |
US Market Status
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