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RBKB - Rhinebeck Bank to acquires two branches from ConnectOne Bank
Rhinebeck Bancorp Inc.
Rhinebeck Bank (RBKB) will acquire two leased branch offices in Orange County, NY, and their related deposits, from ConnectOne Bank (CNOB).The transaction is expected to add more than $50M in deposits for Rhinebeck Bank.It is expected to close late in the Q420 or early in the Q121.Terms of the transaction were not disclosed.