Corporate ActionMay 14, 2026, 05:22 PM
Rhinebeck Bancorp Engages KBW for Stock Offering Marketing
AI Summary
Rhinebeck Bancorp, Inc., its parent mutual holding company, and Rhinebeck Bank entered into an Agency Agreement with Keefe, Bruyette & Woods, Inc. (KBW) on May 14, 2026. KBW will assist in the marketing of the company's common stock during its stock offering, serving as financial advisor, marketing agent, and records agent. KBW will receive a $50,000 management fee, a success fee ranging from 1.0% to 1.5% of offering proceeds, and a $45,000 records agent fee, with potential for an additional $15,000.
Key Highlights
- Rhinebeck Bancorp engaged Keefe, Bruyette & Woods (KBW) for its common stock offering.
- KBW will serve as financial advisor, marketing agent, and records agent for the offering.
- KBW received a $50,000 management fee, which has already been paid.
- A success fee of 1.0% to 1.5% of offering proceeds is payable upon completion.
- A fee not exceeding 6.0% applies for a syndicated community offering.
- KBW will receive a $45,000 records agent fee, with $20,000 already paid.
- The records agent fee may increase by up to $15,000 under certain conditions.
- The common stock is being offered pursuant to a Registration Statement on Form S-1.
Price Impact
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