8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 6, 2020

Rhinebeck Bancorp, Inc.

(Exact Name of Registrant as Specified in Charter)

| Maryland |  | 001-38779 | 83-2117268 |  |

| --- | --- | --- | --- | --- | | (State or Other Jurisdiction) | | (Commission File No.) | (I.R.S. Employer | | | of Incorporation) | | | Identification No.) | | | | 2 Jefferson Plaza, Poughkeepsie, New York | | | 12601 | | | (Address of Principal Executive Offices) | | | (Zip Code) |

Registrant’s telephone number, including area code:(845) 454-8555

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class | Trading<br>				<br>Symbol\(s\) | Name of each exchange on which registered |

| --- | --- | --- | | Common Stock, par value $0.01 per share | RBKB | The NASDAQ Stock Market, LLC |

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17

CFR 240.14d-2(b))

☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17

CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01Regulation FD Disclosure.

On May 6, 2020, Rhinebeck Bancorp. Inc. issued a press release reporting its funding of over $84 million in loans under the Paycheck Protection Program through the U.S. Small Business Administration.  This press release is furnished with this report as Exhibit 99.1, and is incorporated herein by reference.  This report and the exhibit are furnished to, and not filed with, the Commission.

Item 9.01Financial Statements and Exhibits.

| \(d\) | Exhibits: |

| --- | --- |

99.1Press Release dated May 6, 2020.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

|  | RHINEBECK BANCORP, INC. |

| --- | --- | | DATE: May 6, 2020 | By: /s/ Michael J. Quinn | | | Michael J. Quinn | | | President and Chief Executive Officer |

		rbkb\_PPP Press Release	

FOR IMMEDIATE RELEASE

CONTACT: Michael J. Quinn, President and Chief Executive Officer

TELEPHONE: (845) 790-1501

RHINEBECK BANK RECEIVES SBA AUTHORIZATION TO FUND $84.9 MILLION IN PAYCHECK PROTECTION PROGRAM LOANS FOR HUDSON VALLEY SMALL BUSINESSES AND NON-PROFITS

Poughkeepsie,  New York,  May 6, 2020 – Rhinebeck Bancorp, Inc., (the “Company”) (NASDAQ: RBKB), the holding company of Rhinebeck Bank (the “Bank”), announced today that the Bank has received authorization from the U.S. Small Business Administration (“SBA”)  to fund approximately $84.9 million in loans under the SBA’s Paycheck Protection Program (“PPP").  As a result, approximately 600 Hudson Valley small businesses and non-profits received much-needed relief from the devastating economic impact of COVID-19. Equally as important, the Bank’s efforts have helped to save over 9,200 local jobs.

Rhinebeck Bank President and CEO, Michael J. Quinn, noted the tireless work of Bank staff as part of the PPP loan process.  “I continue to be tremendously grateful to all of our employees who continue to provide superior customer service during this time.  I’m humbled by their dedication, professionalism, respect, empathy and accountability,” said Quinn.  “While this was a truly collaborative effort among numerous departments, it could not have been accomplished without our Credit Administration, Commercial Lending, Branch Managers and Loan Documentation teams, who helped to process, approve and document all of the PPP loans.”

About Rhinebeck Bank

For over 160 years, Rhinebeck Bank has been an integral part of the area's economic growth and a driving force for commerce along the Hudson River. Rhinebeck Bank takes pride in being personally involved in local businesses, communities and charitable organizations. Its ability to be responsive to the needs of its customers and community has led to its continued growth. For more information about Rhinebeck Bank or any of their products or services, please visit www.RhinebeckBank.com.