Rhinebeck Bancorp Gives Change-in-Control Agreement Non-Renewal Notices, Including CFO
Rhinebeck Bank notified employees with change in control agreements, including CFO Kevin Nihill, that the agreements will not renew and will expire on December 31, 2027. The bank says the decision reflects a broader change in corporate philosophy and not individual performance, and it plans to create a new change in control benefit arrangement to replace the agreements.
Key points
- Notice of non-renewal provided on October 1, 2026 to each employee with a change in control agreement
- Existing agreements, including the CFO's, expire on December 31, 2027
- Bank intends to develop a new change in control benefit arrangement for affected employees
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 06, 2026.
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