Press Release

Approval of Application by Rhinebeck Bancorp, Inc.

November 09, 2018
NEW YORK—The Federal Reserve Bank of New York approved the applications under Section 3 of the Bank Holding Company Act of 1956, as amended, by: (1) Rhinebeck Bancorp, Inc., Poughkeepsie, New York, to become a bank holding company by acquiring 100 percent of the voting shares of Rhinebeck Bank, Poughkeepsie, New York; and (2) Rhinebeck Bancorp, MHC, Poughkeepsie, New York, to acquire voting shares of Rhinebeck Bancorp, Inc., Poughkeepsie, New York.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.