Monitor for final regulatory approvals from banking regulators and the appraisal results, which will determine the offering size and price. The conversion could improve liquidity and public float, but dilution risk exists depending on the final share count. Trading may remain range-bound until the transaction closes.
Price Chart
Executive Summary
Rhinebeck Bancorp's stockholders and depositors approved the conversion from a mutual holding company to a fully public stock holding company structure. The vote passed overwhelmingly, but the transaction remains subject to regulatory approvals, sale of at least 6,587,500 shares, and other closing conditions. The subscription offering expired without a community offering, and final share count depends on appraisal and regulatory sign-off.
Key Facts
- Stockholders voted 10,108,446 For, 7,369 Against, 441 Abstain on the conversion plan (including MHC votes).
- Depositors of Rhinebeck Bank also approved the plan on June 29, 2026.
- The closing requires regulatory approvals, sale of at least 6,587,500 shares, and customary conditions.
- Subscription stock offering expired June 18, 2026; no community offering will be held based on preliminary results.
- Final number of shares to be sold will be determined by a final independent appraisal and regulatory approvals.
Financial Impact
No financial figures disclosed; potential offering of at least 6,587,500 shares at an undetermined price.
Risk Factors
- Regulatory approval may be delayed or denied.
- Final appraisal could result in a lower offering price or fewer shares, affecting capital raised.
- No community offering limits retail participation; subscription-only may reduce demand.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001751783-26-000027 |
| Document: 0001751783-26-000027-index.html | 0001751783-26-000027 |
| Document: 0001751783-26-000027.txt | 0001751783-26-000027 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $12.97 | awaiting T+60 | — | $12.92 (−0.39%) |
Aug 6, 2026 11w ago | Insider Buy | $12.52 | awaiting T+60 | — | $12.92 (+3.19%) |
Jul 23, 2026 13w ago | Insider Cluster | $12.43 $12.69 | ▲ +2.09% | ▼ −1.64% | $12.92 (+3.94%) |
Jul 17, 2026 14w ago | 8-K | $17.02 $17.98 | ▲ +5.64% | ▲ +0.95% | $12.92 (−24.09%) |
Jun 29, 2026 17w ago | 8-K | $17.31 $17.95 | ▲ +3.71% | ▲ +0.97% | $12.92 (−25.36%) |
May 26, 2026 21w ago | 8-K | $11.02 $12.65 | ▼ −14.75% | ▼ −12.03% | $12.92 (−17.20%) |
May 15, 2026 23w ago | EFFECT | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.92 (+12.60%) |
May 14, 2026 23w ago | 8-K | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.92 (+12.60%) |
May 11, 2026 24w ago | S-1/A | $11.50 $12.16 | ▲ +5.78% | ▲ +1.38% | $12.92 (+12.39%) |
Apr 24, 2026 26w ago | S-1/A | $16.05 $12.04 | ▼ −24.98% | ▼ −29.76% | $12.92 (−19.50%) |
US Market Status
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