Rhinebeck Bancorp, Inc. Announces Subscription Offering Results and Expected Closing Date
Rhinebeck Bancorp announced its subscription offering related to the mutual-to-stock conversion was oversubscribed by eligible depositors. Existing shareholders will receive 1.3978 shares of the new common stock for each share previously owned, resulting in approximately 15.6 million shares outstanding post-transaction.
Key figures
- Exchange ratio
- 1.3978
- Esop buyback percentage
- 4
- Post transaction shares outstanding
- 15638237
AI analysis
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