RBKB Rhinebeck Bancorp, Inc.
Price Chart
Executive Summary
Rhinebeck Bancorp commenced a stock offering of up to 8,912,500 shares at $10.00 per share in connection with its second-step conversion from mutual to stock holding company structure. The offering represents significant dilution (up to ~51%) and is subject to regulatory and shareholder approvals, creating near-term uncertainty.
Actionable Insight
Monitor subscription period results and regulatory approval timeline. The substantial dilution and execution risk make the stock vulnerable in the near term. Look for updates on the S-1 registration and proxy statement for conversion vote details.
Key Facts
- Offering up to 8,912,500 shares of common stock at $10.00 per share.
- Minimum subscription of 6,587,500 shares required to complete the conversion.
- Subscription offering to eligible depositors and tax-qualified plans, with possible community offering.
- Completion subject to regulatory approvals, stockholder and depositor votes.
- Keefe Bruyette & Woods acting as marketing agent.
Financial Impact
Maximum gross proceeds of $89.125 million (up to 8,912,500 shares × $10). Minimum gross proceeds of $65.875 million. Dilution of approximately 38-51% based on current market cap of $173M.
Risk Factors
- Failure to reach minimum subscription (6,587,500 shares) could scuttle the conversion.
- Regulatory or shareholder disapproval may delay or cancel the offering.
- Dilution may pressure the stock price until conversion is completed and benefits are realized.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001751783-26-000022 |
| Document: 0001751783-26-000022-index.html | 0001751783-26-000022 |
| Document: 0001751783-26-000022.txt | 0001751783-26-000022 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 26, 2026
17d ago
|
8-K
| $15.40 $16.37 | ▼ −6.30% | ▼ −5.21% | $16.71 (−8.51%) |
|
May 15, 2026
29d ago
|
EFFECT
| $16.03 $15.50 | ▼ −3.31% | ▼ −4.27% | $16.71 (+4.24%) |
|
May 14, 2026
29d ago
|
8-K
| $16.03 $15.50 | ▼ −3.31% | ▼ −4.27% | $16.71 (+4.24%) |
|
May 11, 2026
4w ago
|
S-1/A
| $16.06 $15.87 | ▼ −1.18% | ▼ −1.10% | $16.71 (+4.05%) |
|
Apr 24, 2026
7w ago
|
S-1/A
| $16.05 $16.09 | ▲ +0.25% | ▼ −0.15% | $16.71 (+4.11%) |
|
Apr 23, 2026
7w ago
|
8-K
| $16.49 $16.34 | ▼ −0.91% | ▼ −1.82% | $16.71 (+1.33%) |
|
Mar 13, 2026
13w ago
|
S-1
| $15.31 $15.57 | ▲ +1.70% | ▲ +3.74% | $16.71 (+9.14%) |
US Market Status
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