Rhinebeck Bancorp Acquisition | Financial Services Deal in MD

Keefe, Bruyette & Woods, Inc. has completed the acquisition of Rhinebeck Bancorp, a banking business in Maryland, for $10.00. Rhinebeck Bancorp operates as a savings bank and mutual holding company structure, offering common stock tied to the MHC ownership interest. The offering supports a mutual-to-stock conversion and subscription process for eligible depositors and tax-qualified employee plans, including a 401(k) and ESOP. This financial services M&A deal is categorized as other acquisition and is part of financial services deals MD and MD acquisitions tied to banking acquisition activity. The agency agreement is dated May 14, 2026, with up to 8,912,500 shares offered at a $10.00 subscription price.