Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
On the identical day, Dwyer additionally acquired 22,000 shares via inventory choices at a worth of $6.57 per share, valued at roughly $144,540. Following these transactions, Dwyer holds 10,079 shares immediately and extra shares not directly via an Worker Inventory Possession Plan (ESOP) and a 401(ok) plan. These transactions replicate Dwyer’s ongoing involvement with Rhinebeck Bancorp, a financial savings establishment based mostly in Poughkeepsie, New York, which has a market capitalization of $105.4 million. Acquire deeper insights into RBKB’s insider transactions and monetary metrics with InvestingPro, which gives further unique ideas and complete evaluation.
On the identical day, Dwyer additionally acquired 22,000 shares via inventory choices at a worth of $6.57 per share, valued at roughly $144,540. Following these transactions, Dwyer holds 10,079 shares immediately and extra shares not directly via an Worker Inventory Possession Plan (ESOP) and a 401(ok) plan.
These transactions replicate Dwyer’s ongoing involvement with Rhinebeck Bancorp, a financial savings establishment based mostly in Poughkeepsie, New York.
In different current information, Rhinebeck Bancorp has introduced key adjustments in its govt management and a strategic repositioning of its portfolio. The corporate reported the non-renewal of contracts for President and CEO Michael J. Quinn, and Jamie J. Bloom, EVP, COO & Chief Banking Officer, efficient as of December 31, 2026. This resolution is a part of a shift in company technique to standardize employment contracts. In a parallel growth, Kevin Nihill has been appointed as the brand new Chief Monetary Officer, succeeding Michael McDermott. Nihill brings over 20 years of expertise in banking and company finance.
Rhinebeck Bancorp additionally reported a strategic steadiness sheet repositioning, the place it bought $71 million of its available-for-sale securities. The proceeds have been reinvested into new securities with yields 3.11% increased than these bought. This transfer is predicted to extend the financial institution’s earnings per share by $0.12 and its internet curiosity margin by 0.17% over the subsequent yr. Regardless of a one-time pre-tax lack of $12.0 million from the sale, Rhinebeck Financial institution maintains a robust capital place with strong liquidity metrics. These current developments replicate Rhinebeck Bancorp’s dedication to its strategic enterprise targets and long-term advantages for its shareholders and clients.
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