Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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The Federal Reserve System published a notice on March 23, 2026 listing applications from bank holding companies seeking approval under the Bank Holding Company Act of 1956. Rhinebeck Bancorp MHC of Poughkeepsie, New York has applied to convert from mutual to stock form. As part of this conversion, Rhinebeck Bancorp MHC would merge with its subsidiary Rhinebeck Bancorp, Inc., which controls Rhinebeck Bank. The notice invites public comments on the applications, which must be received by April 22, 2026. Applications and related filings are available for inspection at the Federal Reserve Bank of New York and the Board of Governors.
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Key Changes
- Public comment deadline set for April 22, 2026
- Rhinebeck Bancorp MHC to convert from mutual to stock form
- Rhinebeck Bancorp MHC to merge with subsidiary Rhinebeck Bancorp, Inc.
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Obligations
What this law requires
Rhinebeck Bancorp MHC must submit an application to the Federal Reserve Board for approval to convert from mutual to stock form under the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) and Regulation Y (12 CFR part 225)
Rhinebeck Bancorp MHC must obtain Federal Reserve Board approval for the merger with its subsidiary Rhinebeck Bancorp, Inc. as part of the mutual-to-stock conversion
Public comments on Rhinebeck Bancorp MHC's application must be received by April 22, 2026 at the Federal Reserve Bank of New York or the Board of Governors
The Federal Reserve Bank of New York must make public portions of the application and related filings available for immediate inspection at 33 Liberty Street, New York, New York 10045-0001
The Board of Governors must make public portions of the application available at its offices and through the Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm