Rhinebeck Bancorp, Inc.

Rhinebeck Bancorp, Inc. is a Maryland corporation that operates as the holding company for Rhinebeck Bank. The Company was incorporated in August 2018 and became the holding company for Rhinebeck Bank on January 16, 2019, following a reorganization into a two-tier mutual holding company structure. Rhinebeck Bancorp, Inc. is regulated by the Board of Governors of the Federal Reserve System and the New York State Department of Financial Services. As of December 31, 2025, the Company reported consolidated total assets of $1.30 billion, total deposits of $1.10 billion, and stockholders' equity of $136.9 million. The Company's executive offices are located at 2 Jefferson Plaza, Poughkeepsie, New York 12601. Rhinebeck Bancorp, MHC, a New York-chartered non-stock corporation, is a mutual holding company that owns 57.0% of the outstanding common stock of Rhinebeck Bancorp, Inc. On February 10, 2026, Rhinebeck Bancorp, MHC adopted a Plan of Conversion and Reorganization to convert from a mutual holding company structure to a fully public stock holding company structure. This "second-step conversion" requires approval from the NYSDFS, the Federal Reserve Board, the depositors of Rhinebeck Bank, and the stockholders of Rhinebeck Bancorp, Inc.