The latest update is out from Rhinebeck Bancorp (RBKB).
Kevin Nihill has been appointed as Chief Financial Officer and Treasurer of Rhinebeck Bancorp, Inc., and its affiliated entities, starting July 8, 2024. He takes over from the retiring Michael J. McDermott and interim officer Philip Lekanides, who will continue as Vice President and Controller. With a robust background in finance, including executive roles at St. Mary’s Bank and Berkshire Bank, Nihill’s compensation includes a $360,000 base salary, a $100,000 bonus, eligibility for future incentive plans, and 15,000 restricted stock awards. He’s also secured a change in control agreement providing a potential severance package and additional benefits.
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