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): April 28, 2021

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)

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))

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

Title of each class	Trading<br><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

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 8.01. Other Events.

On April 28, 2021, Rhinebeck Bancorp, Inc. (the “Company”) issued a press release announcing that its wholly-owned subsidiary, Rhinebeck Bank, had received all required regulatory approvals to establish a new branch office in Middletown, New York. The new branch office is expected to open in May 2021. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Number Description

99.1 Press Release dated April 28, 2021

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: April 28, 2021	By: /s/ Michael J. Quinn
	Michael J. Quinn
	President and Chief Executive Officer

Exhibit 99.1

Corporate Offices<br><br> <br>2 Jefferson Plaza<br><br> <br>Poughkeepsie, NY 12601<br><br> <br>845-454-8555<br><br> <br>www.rhinebeckbank.com

Rhinebeck Bank Receives Regulatory Approval to Continue Orange County Expansion With New Branch in Middletown

FOR IMMEDIATE RELEASE

Middletown, NY (April 28, 2021) – Rhinebeck Bank, the wholly-owned subsidiary of Rhinebeck Bancorp, Inc. (NASDAQ: RBKB), has received all required regulatory approvals to continue its expansion in New York’s Orange County with the opening of a new branch at 357 East Main Street in Middletown.

The new branch, expected to open before the end of May, will provide individuals, families and businesses with a full complement of banking and lending services. Rhinebeck Asset Management, a division of Rhinebeck Bank, will also provide a variety of professional asset management and personal and business financial planning services.

“The opening of our Middletown branch is an important part of our Orange County expansion effort,” said Rhinebeck Bank President and CEO Michael J. Quinn. “As a strong community bank, I’m confident our longstanding commitment to personal service, along with our full suite of banking and lending services, will be welcomed by the Middletown community.”

The new branch will be led by Branch Manager Martha Soto and Branch Team Leader Samantha Randy. Diane Passaro, Vice President – Orange County Market Manager, will oversee Middletown branch operations and continue to facilitate new opportunities for growth in Orange County going forward.

“This is an ideal location for us as we look to increase our ability to serve the banking needs of people and businesses throughout Orange County,” said Mark Malone, Senior Vice President, Retail Banking. “Our Middletown branch team knows the region well and looks forward to building strong relationships with individuals, families and business owners in the greater Middletown area.”

The Middletown branch will be the fourth Rhinebeck Bank location to open in Orange County, following branches in Goshen, Monroe and Warwick. A fifth branch is scheduled to open in July in the city of Newburgh. Rhinebeck Asset Management is headquartered in Montgomery.

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About Rhinebeck Bank

For more than 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 continued growth. For more information about Rhinebeck Bank or any of its products or services, please visit www.RhinebeckBank.com.

Forward-Looking Statements

The statements contained herein that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management’s current expectations and beliefs concerning future developments and their potential effects on Rhinebeck Bancorp. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Rhinebeck Bancorp. There can be no assurance that future developments affecting Rhinebeck Bancorp will be the same as those anticipated by management. These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions. Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. Readers should not place under reliance on such forward-looking statements, which speak only as of the date made. For a discussion of these risks and uncertainties, see the section of the periodic reports filed by Rhinebeck Bancorp with the Securities and Exchange Commission entitled “Risk Factors.” We specifically disclaim any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

Investor Contact

Michael J. Quinn, President and Chief Executive Officer, Rhinebeck Bank

(845) 790-1501