Rhinebeck Bancorp Announces Executive Contract Strategy Shift

Rhinebeck Bancorp ( (RBKB) ) just unveiled an announcement.

Rhinebeck Bank’s Board of Directors has decided not to renew the employment contracts of key executives Michael J. Quinn and Jamie J. Bloom, which will expire at the end of December 2026. This move is indicative of a strategic shift in the bank’s approach to employment contracts, emphasizing a new corporate philosophy rather than a judgment on the executives’ performance or an indication of impending management reshuffles.

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