Rhinebeck Bank

What Rhinebeck Bank does

Rhinebeck Bank is a New York State-chartered community bank founded in 1860 and headquartered in Poughkeepsie, operating 13 full-service branches across the Hudson Valley — spanning Rhinebeck, Poughkeepsie, Hyde Park, Red Hook, Kingston, Fishkill, East Fishkill, Goshen, Newburgh, Warwick, and Middletown. Its publicly traded parent, Rhinebeck Bancorp, Inc. (NASDAQ: RBKB), is currently executing a second-step conversion from a mutual holding company to a full stock holding company structure, with a stock offering of up to 8,912,500 shares at $10.00 launched in May 2026.

The bank serves both retail consumers and small-to-medium-sized businesses through three core product lines: (1) personal banking — checking, savings (including Kasasa-branded High Interest and Cash Back Checking with up to 5.00% APY), CDs, IRAs, credit cards, and consumer lending; (2) business banking — deposit accounts, Remote Deposit Capture, ACH, wire transfers, Positive Pay fraud prevention, and Merchant Services via a BASYS Processing partnership with Clover POS; and (3) commercial banking — relationship-based lending, treasury management, and Express Business Loans up to $250,000, augmented by a Homestead Funding Corp. partnership for mortgage origination. Wealth management is delivered through Rhinebeck Asset Management in partnership with Osaic Institutions.

The underlying technology stack is a vendor-orchestrated platform rather than a proprietary system: digital banking (online, mobile, text banking, Zelle), the MANTL/Alkami omnichannel deposit origination platform (consumer onboarding under 5 minutes, business under 10 minutes), Quicken/QuickBooks data export, and IntraFi CDARS for jumbo deposit FDIC coverage up to $50M. Revenue is generated primarily through net interest income on loans and investments (Q1 2026 net interest income +1.4% YoY) supplemented by non-interest income from deposit account fees, merchant services residuals, and wealth management fees. The bank generated Q1 2026 net income of $2.2 million, down 3.1% year-over-year.

Name

Rhinebeck Bank

Legal name

Rhinebeck Bancorp, Inc.

Website

https://rhinebeckbank.com

Company type

Public

Founded year

1860

Operating status

Operating

Headcount range

101–250 employees

Short description

Rhinebeck Bank is a 160-year-old community bank operating 13 branches across New York's Hudson Valley, offering personal, business, and commercial banking products alongside wealth management through Rhinebeck Asset Management to retail and SMB customers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Credit Intermediation and Related Activities (522)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Bank Branch / Retail Purchase Mortgages (FSALAAAA)

akta.pro secondary industry

Bridge & Short-Term Real Estate Loan Intermediation (FSAEAEAG)

Keywords

• Community banking
• Retail banking services
• Commercial lending
• Consumer lending
• Wealth management

Headquarters

HQ city

Poughkeepsie

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel

Revenue model

1. Net Interest Income: Primary revenue stream from interest earned on loans (commercial, residential, consumer) and investments, offset by interest paid on deposits. Q1 2026 net interest income increased 1.4% year-over-year.
2. Non-Interest Income - Fees and Charges: Fee income from account services including overdraft fees, monthly maintenance fees, wire transfer fees, ATM fees, and business banking services. Also includes merchant services revenue through BASYS Processing partnership.
3. Wealth Management - Rhinebeck Asset Management: Division offering investment and insurance products and services through Osaic Institutions, Inc., generating fee-based revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Rhinebeck Bank is a community bank that accepts consumer and business deposits (checking, savings, money market, CDs, IRAs) and originates consumer, residential, and commercial loans across the Hudson Valley region of New York. It offers digital banking, business cash management (ACH, Positive Pay, Remote Deposit Capture, merchant services) and wealth management through its Rhinebeck Asset Management division, supported by 13 branch offices and online/mobile channels.

Product overview

Rhinebeck Bank is a community bank headquartered in Poughkeepsie, New York, operating since 1860 with 13 full-service offices across New York State. The bank's product portfolio centers on core deposit products (checking, savings, CDs, money market accounts) and lending services (commercial lending, consumer lending, home mortgages). Digital banking capabilities are delivered through an integrated online and mobile platform supporting 24/7 account access, bill pay, and Zelle transfers. Business banking services include eBanking with Remote Deposit Capture, ACH Services, Positive Pay fraud prevention, and Merchant Services (via BASYS Processing partnership). The bank recently partnered with MANTL (an Alkami solution team) for omnichannel digital account opening. Wealth management services are offered through Rhinebeck Asset Management in partnership with Osaic Institutions. The bank is currently undergoing a second-step conversion from mutual holding company to stock holding company structure.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Banking

Quantifiable outcome

• Digital account opening available in under 5 minutes for consumers and under 10 minutes for businesses
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• MANTL (Alkami solution team)coreTechnology or Integration · 26 March 2026Partnership to implement MANTL's omnichannel deposit origination platform to modernize business and retail account opening across physical and digital channels. Platform automates KYC, AML, and BSA compliance checks, reducing manual processes and enabling customers to open deposit accounts online in under 5 minutes for consumers and under 10 minutes for businesses.
• Homestead Funding CorpcoreChannel Partner/ Reseller/ DistributorStrategic partnership offering home mortgage options through Homestead Funding, a licensed mortgage banker headquartered in Albany, NY. Homestead provides FHA (including 203k and Energy Efficient), conventional (including Homestyle Renovation), VA, jumbo, USDA Rural Housing, investment property, and new construction disbursement loans.
• BASYS ProcessingcoreTechnology or IntegrationPartnership for merchant services enabling businesses to accept credit and debit card payments. Services include e-commerce, mobile processing, Point of Sale (POS) solutions using Clover, terminals, and virtual terminals. Includes dedicated relationship manager, PCI compliance support, and online reporting.
• Osaic Institutions, Inc.supportingChannel Partner/ Reseller/ DistributorInvestment and insurance products and services offered through Osaic Institutions, Inc. Rhinebeck Asset Management division operates as part of this arrangement. Non-deposit products are not FDIC insured and may lose value.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Financial Institutions Inc. Financial Institutions (Nasdaq: FISI) is a Western and Central New York community bank holding company of similar size offering consumer, commercial, and mortgage banking — closely comparable to Rhinebeck's community bank profile.
• Dime Community Bancshares: Dime Community Bancshares (Nasdaq: DCOM) is a New York community bank with similar consumer and commercial banking focus, and a comparable recently-completed mutual-to-stock conversion history that parallels Rhinebeck's current corporate transition.
• Tompkins Financial Corporation: Tompkins Financial (NYSE American: TMP) is a New York-based community bank holding company with retail, business, and wealth management banking across upstate and the Hudson Valley region, overlapping directly with Rhinebeck's footprint and product suite.
• PCSB Financial Corporation: PCSB Financial (NYSE: PCSB, now part of Brookline Bancorp) was a Hudson Valley community bank of similar size and product mix to Rhinebeck, and serves as a useful reference point for valuation, conversion dynamics, and acquisition comparables.
• Arrow Financial Corporation: Arrow Financial (Nasdaq: AROW) operates as a community bank holding company in upstate New York with consumer and commercial banking of comparable scale and product set, making it a close size and business-model peer to Rhinebeck Bancorp.
• First of Long Island Corporation: First of Long Island (Nasdaq: FLIC) is a New York community bank of similar scale focused on commercial lending and relationship banking, providing a directly comparable operating model and earnings profile to Rhinebeck.
• Evans Bancorp: Evans Bancorp (NYSE American: EVBN) is a similarly-sized New York community bank holding company headquartered in Hamburg, NY, with comparable consumer and commercial banking products, mortgage origination, and wealth management — directly comparable in scale and business mix to Rhinebeck Bancorp.
• Trustco Bank Corp: Trustco Bank (Nasdaq: TRST) is a New York-headquartered community bank with a similar mix of retail deposits, residential mortgages, and commercial lending, and a comparable mid-cap community bank valuation profile to Rhinebeck Bancorp.

Broad incumbents

• Community Bank System: Community Bank System (NYSE: CBU) is a substantially larger Upstate New York community bank with consumer, business, and wealth management banking — a relevant incumbent peer competing in parts of Rhinebeck's Hudson Valley footprint.
• NBT Bancorp Inc. NBT Bancorp (Nasdaq: NBTB) is a larger New York and New England regional bank with overlapping Hudson Valley presence and a broader geographic footprint, serving as a scale benchmark for where Rhinebeck could grow into.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RhinebeckBank
• LinkedInlinkedin.com/company/rhinebeck-bank
• Instagraminstagram.com/rhinebeckbank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rhinebeck Bank