Pricing of the offering is expected within 1-2 business days. Monitor for the final prospectus (424B4) and trading commencement. The offering at $10.00 could act as a near-term price anchor, though dilution from up to 8.9M new shares may pressure the stock.
Price Chart
Executive Summary
Rhinebeck Bancorp's S-1 registration statement (File No. 333-294283) was declared effective by the SEC on May 14, 2026. This clears the way for the company's second-step mutual-to-stock conversion offering of up to 8,912,500 shares at $10.00 per share, expected to raise net proceeds of $63M-$86M to strengthen capital and improve liquidity.
Key Facts
- SEC declared effectiveness on May 14, 2026 for S-1 registration (333-294283).
- Offering up to 8,912,500 shares at $10.00 per share in second-step mutual-to-stock conversion.
- Expected net proceeds between $63.0M and $86.0M, with at least 50% contributed to Rhinebeck Bank.
- Company reported $10.045M net income for 2025 and $1.302B in assets.
Financial Impact
Up to $89.125M gross proceeds at $10.00/share; net proceeds $63M-$86M.
Risk Factors
- Dilution from share issuance; potential near-term price weakness as shares enter the market.
- Conversion success depends on shareholder participation and market conditions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001643 |
| Document: 9999999995-26-001643-index.html | 9999999995-26-001643 |
| Document: 9999999995-26-001643.txt | 9999999995-26-001643 |
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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