Rhinebeck Bancorp completes second-step conversion to fully public holding company structure
RBKB•Share conversion details
Public shareholders’ existing shares converted into new shares at an exchange ratio of 1.3978.
Total common shares outstanding rose to 15,638,237, excluding fractional-share adjustments.
Rhinebeck Bancorp completes second-step conversion
Rhinebeck Bancorp completed a second-step conversion to a fully public stock holding company structure, ending its mutual holding company.
The offering sold 8,880,210 common shares at $10 per share.
