On July 21, 2026, Rhinebeck Bancorp, Inc., Poughkeepsie, New York, the holding company for Rhinebeck Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering.  A total of 8,880,210 shares of common stock were sold in the offering at a price of $10.00 per share.

Luse Gorman served as legal counsel to Rhinebeck Bancorp in the transaction. The Luse Gorman team included Ellie Cook, Jeff Cardone, Scott Brown, Brendan Saxon, Keeler Fina and Trevor Kline.

Rhinebeck Bancorp had approximately $1.47 billion in consolidated assets at June 30, 2026, and provides financial services through Rhinebeck Bank’s 12 full-service branch locations and three representative offices in Albany, Dutchess, Orange and Ulster Counties, New York.

Since 2000, Luse Gorman has been the leading law firm in the United States for mutual holding company reorganizations and mutual-to-stock conversions, based on number of transactions. Click here to learn more about our capital markets and corporate finance services.