Rhinebeck Bancorp, Inc. functions as the holding company for Rhinebeck Bank, which is dedicated to providing a full spectrum of banking and financial services. These offerings cater to both individual consumers and business clients throughout New York's Hudson Valley region. The company's financial products include various deposit accounts, automobile financing, and a wide range of real estate loans. This extensive lending portfolio covers commercial real estate, encompassing multi-family properties, construction, and land development, in addition to business loans and mortgages for one-to four-family residential dwellings. Furthermore, Rhinebeck Bancorp, Inc. extends brokerage and financial advisory services, along with life insurance and investment products, to its diverse clientele. As of December 31, 2021, the company operated through 15 branches and 2 representative offices situated across Dutchess, Ulster, Orange, and Albany counties. It also maintains an ATM in Tivoli, New York. Established in 1860, the company's primary corporate base is located in Poughkeepsie, New York. Rhinebeck Bancorp, Inc. operates under the umbrella of its parent company, Rhinebeck Bancorp, MHC.
Rhinebeck Bank Opens Rye Brook Branch to Advance Westchester Expansion
Rhinebeck Bank, subsidiary of Rhinebeck Bancorp (NASDAQ: RBKB), opened a new branch at 800 Westchester Avenue in Rye Brook, New York.
The branch sits alongside the bank's recently opened Westchester commercial banking office, uniting retail and commercial teams in one location as part of the bank's Westchester County expansion.
The branch will be led by Glen Fernandez, a banker with more than 18 years of experience, most recently with the U.S. Small Business Administration and previously Valley Bank.