Rhinebeck Bancorp Announces CFO Michael McDermott’s Retirement

Rhinebeck Bancorp Inc (RBKB) has released an update to notify the public and investors about its officers.

Rhinebeck Bancorp, Inc., the parent of Rhinebeck Bank, announced the retirement of its Chief Financial Officer, Michael J. McDermott, effective May 31, 2024. McDermott, who has been the CFO since 2001, is stepping down after nearly 23 years of service. The company acknowledged his valuable contributions and leadership, confirming that his departure is not due to any operational, policy, or practice disagreements.

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For a comprehensive understanding of the announcement, you can read the full document here.