<SEC-DOCUMENT>0000943374-19-000114.txt : 20190213
<SEC-HEADER>0000943374-19-000114.hdr.sgml : 20190213
<ACCEPTANCE-DATETIME>20190213170931
ACCESSION NUMBER:		0000943374-19-000114
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20190213
DATE AS OF CHANGE:		20190213
EFFECTIVENESS DATE:		20190213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Rhinebeck Bancorp, Inc.
		CENTRAL INDEX KEY:			0001751783
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-229662
		FILM NUMBER:		19598531

	BUSINESS ADDRESS:	
		STREET 1:		2 JEFFERSON PLAZA
		CITY:			POUGHKEEPSIE
		STATE:			NY
		ZIP:			12601
		BUSINESS PHONE:		845-454-8555

	MAIL ADDRESS:	
		STREET 1:		2 JEFFERSON PLAZA
		CITY:			POUGHKEEPSIE
		STATE:			NY
		ZIP:			12601
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>forms-8.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Luse Gorman
         Document created using EDGARfilings PROfile 5.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body text="#000000" bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
  <div>
    <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">
      <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Registration No. 333-_________</div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
          </font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">As filed with the Securities and Exchange
            Commission on February 13, 2019</font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
          </font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">UNITED STATES</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, D.C.&#160; 20549</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">____________________</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">FORM S-8</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">REGISTRATION STATEMENT</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">UNDER</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">THE SECURITIES ACT OF 1933</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Rhinebeck Bancorp, Inc.</font></div>
      <div style="text-align: center; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Exact Name of Registrant as Specified in its Charter)</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z2c951a5b7c6d4db7bd108d676fa4c47f" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Maryland</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">83-2117268</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(State or Other Jurisdiction of</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Incorporation or Organization)</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(I.R.S. Employer Identification No.)</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2 Jefferson Plaza</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Poughkeepsie, NY 12601</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">(Address of Principal Executive
            Offices)</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"></font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
          </font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Rhinebeck Bank 401(k) Plan</font></font></div>
      <div style="text-align: center; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Full Title of the Plan)</font></div>
      <div style="text-align: center; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
        </font></div>
      <div style="text-align: center; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Copies to:</font></div>
      <table cellspacing="0" cellpadding="0" id="z6db1ba55ff33446bb269fd0f3cc04012" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Michael J. Quinn</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Eric Luse, Esq.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">President and Chief Executive Officer</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Scott Brown, Esq.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Rhinebeck Bancorp, Inc.</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Luse Gorman, PC</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2 Jefferson Plaza</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5335 Wisconsin Ave., N.W., Suite 780</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Poughkeepsie, NY 12601</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Washington, DC 20015-2035</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(845) 790-1579</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(202) 274-2000</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Name, Address and Telephone</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Number of Agent for Service)</font></div>
            </td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 47.35%; vertical-align: top;">&#160;</td>
            <td style="width: 5.34%; vertical-align: top;">&#160;</td>
            <td style="width: 47.32%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div style="text-align: justify; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated
          filer, smaller reporting company, or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Securities Exchange Act of
          1934, as amended (the &#8220;Exchange Act&#8221;):</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z7fccef039eef439ca635ea89cac83de9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 66.66%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Large accelerated filer <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
            </td>
            <td style="width: 33.34%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Accelerated filer <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 66.66%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Non-accelerated filer&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
            </td>
            <td style="width: 33.34%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Smaller reporting company<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 66.66%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Emerging growth company <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;</font></font></div>
            </td>
            <td style="width: 33.34%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
          period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</font></font></div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: left; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to
          Rule 415 under the Securities Act of 1933 check the following box <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9746;&#160; <br>
          </font></font></div>
      <div style="text-align: left; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
          </font></font></div>
      <div style="text-align: left; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
          </font></font></div>
      <div style="text-align: left; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
          </font></font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CALCULATION OF REGISTRATION FEE</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zcffcc5dac9bf4738a892976cb6c7d56c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 20.01%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Title of Securities to be Registered</font></div>
            </td>
            <td style="width: 20.01%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amount to be Registered</font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Proposed Maximum </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Offering Price Per Share</font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Proposed Maximum </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Aggregate Offering Price</font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Amount of </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Registration Fee</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20.01%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Common stock, $0.01par value </font></div>
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">per share</font></div>
            </td>
            <td style="width: 20.01%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,500,000<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$11.405<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$17,107,500</font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$2,073.43</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20.01%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Participation Interests</font></div>
            </td>
            <td style="width: 20.01%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">--<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> (2)</sup></font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">--</font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">--</font></div>
            </td>
            <td style="width: 20%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">--<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"> (4)</sup></font></div>
            </td>
          </tr>

      </table>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">_________________________</font></div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z8970464c14544e219b22a69255f6a485" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This registration statement relates to 1,500,000 shares of common stock of Rhinebeck Bancorp, Inc. that may be purchased with employee contributions to the
                      Rhinebeck Bank 401(k) Plan (the &#8220;Plan&#8221;).</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="z2c1caa223be94b9ca05b3971476e9ca6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to 17 C.F.R. Section 230.416(c) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this registration statement also covers an
                      indeterminate amount of participation interests to be offered or sold pursuant to the Plan.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zd15454cce76844e5b5eb045e6078f802" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(3)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Determined pursuant 17 C.F.R. Sections 230.457(h)(1) and 230.457(c) of the Securities Act.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zda7fd65de2284190acd350d2f12641b8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(4)</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to 17 C.F.R. Section 230.457(h)(2) of the Securities Act, no registration fee is required to be paid. </font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">____________________</font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: justify; text-indent: 36pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This Registration Statement shall become effective upon filing in accordance with Section 8(a) of
          the Securities Act and 17 C.F.R. &#167; 230.462 under the Securities Act.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
        </font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART I.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Items 1 and 2.&#160;&#160;Plan Information and Registrant Information and Employee Plan Annual Information</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The documents containing the information specified in Part I of Form S-8 have
          been or will be sent or given to participants in the Plan as specified by Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Such documents are not being filed with the Commission, but constitute (along
          with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">PART II.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 3.&#160;&#160;Incorporation of Documents by Reference</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following documents previously or concurrently filed with the Commission
          are hereby incorporated by reference in this Registration Statement:</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">(a)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">The latest prospectus filed by Rhinebeck Bancorp, Inc. (the
          &#8220;Company&#8221;) pursuant to Rule 424(b)(3) of the Securities Act with the Commission on November 21, 2018 (Commission File No. 333-227266);</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">(b)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">All other reports filed by the Company pursuant to Section
          13(a) or 15(d) of the Exchange Act since the end of the year covered by the latest prospectus filed by the Company referred in (a) above; and</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">(c)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">The description of the Company&#8217;s common stock contained in the
          Registration Statement on Form 8-A filed with the Commission on January 16, 2019 to register the Company's common stock under the Exchange Act (Commission File No. 001-38779).</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">All documents subsequently filed by the Company with the Commission pursuant
          to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act, after the date hereof, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then
          remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a part thereof from the date of the filing of such documents.&#160; Any statement contained in the documents incorporated, or deemed to be
          incorporated, by reference herein or therein shall be deemed to be modified or superseded for purposes of this Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed
          document which also is, or is deemed to be, incorporated by reference herein or therein modifies or supersedes such statement.&#160; Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a
          part of this Registration Statement and the prospectus.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">All information appearing in this Registration Statement and the prospectus is
          qualified in its entirety by the detailed information, including financial statements, appearing in the documents incorporated herein or therein by reference.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 4.&#160;&#160;Description of Securities</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Not applicable.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 5.&#160;&#160;Interests of Named Experts and Counsel</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">None.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 6.&#160;&#160;Indemnification of Directors and Officers</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Articles 10 and 11 of the Articles of Incorporation of Rhinebeck Bancorp, Inc.
          (the &#8220;Corporation&#8221;) set forth circumstances under which directors, officers, employees and agents of the Company may be insured or indemnified against liability which they incur in their capacities as such.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">A.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent:
          0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Indemnification.&#160; </font><font style="font-weight: normal;">The Corporation shall indemnify (1) its current and former directors and officers, whether serving the Corporation or at its request any other entity, to the fullest extent required or permitted by the Maryland
            General Corporation Law (the &#8220;MGCL&#8221;) now or hereafter in force, including the advancement of expenses under the procedures and to the fullest extent permitted by law, and (2)&#160;other employees and agents to such extent as shall be authorized by
            the Board of Directors and permitted by law; provided, however, that, except as provided in Section&#160;B of this Article 10 with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such indemnitee in
            connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">B.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent:
          0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Procedure.&#160; </font><font style="font-weight: normal;">If a claim under Section&#160;A of this Article&#160;10 is not paid in full by the Corporation within sixty (60) days after a written claim has been received by the Corporation, except in the case of a claim for an
            advancement of expenses, in which case the applicable period shall be twenty (20) days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of the claim.&#160; If successful in whole or in part
            in any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee shall also be entitled to be reimbursed the expense of prosecuting or defending such suit.&#160;
            It shall be a defense to any action for advancement of expenses that the Corporation has not received both (i) an undertaking as required by law to repay such advances in the event it shall ultimately be determined that the standard of conduct
            has not been met and (ii)&#160;a written affirmation by the indemnitee of his good faith belief that the standard of conduct necessary for indemnification by the Corporation has been met.&#160; In (i) any suit brought by the indemnitee to enforce a right
            to indemnification hereunder (but not in a suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense that, and (ii)&#160;any suit by the Corporation to recover an advancement of expenses pursuant to the
            terms of an undertaking the Corporation shall be entitled to recover such expenses upon a final adjudication that, the indemnitee has not met the applicable standard for indemnification set forth in the MGCL.&#160; Neither the failure of the
            Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such suit that indemnification of the indemnitee is proper in the circumstances because the
            indemnitee has met the applicable standard of conduct set forth in the MGCL, nor an actual determination by the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that the indemnitee has not met such
            applicable standard of conduct, shall create a presumption that the indemnitee has not met the applicable standard of conduct, or, in the case of such a suit brought by the indemnitee, be a defense to such suit.&#160; In any suit brought by the
            indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not
            entitled to be indemnified, or to such advancement of expenses, under this Article&#160;10 or otherwise, shall be on the Corporation.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">C.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent:
          0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Non-Exclusivity.&#160; </font><font style="font-weight: normal;">The rights to indemnification and to the advancement of expenses conferred in this Article&#160;10 shall not be exclusive of any other right that any Person may have or hereafter acquire under any statute, these
            Articles, the Corporation&#8217;s Bylaws, any agreement, any vote of stockholders or the Board of Directors, or otherwise.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">D.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent:
          0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Insurance.&#160;<font style="font-weight: normal;"> </font></font><font style="font-weight: normal;">The Corporation may maintain insurance, at its expense, to insure itself and any director, officer, employee or agent of the Corporation or another corporation,
            partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such Person against such expense, liability or loss under the MGCL.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">E.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent:
          0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Miscellaneous.&#160; </font><font style="font-weight: normal;">The Corporation shall not be liable for any payment under this Article&#160;10 in connection with a claim made by any indemnitee to the extent such indemnitee has otherwise actually received payment under any insurance
            policy, agreement, or otherwise, of the amounts otherwise indemnifiable hereunder.&#160; The rights to indemnification and to the advancement of expenses conferred in Sections&#160;A and B of this Article&#160;10 shall be contract rights and such rights shall
            continue as to an indemnitee who has ceased to be a director or officer and shall inure to the benefit of the indemnitee&#8217;s heirs, executors and administrators.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: normal;"> <br>
          </font></font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">F.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent:
          0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Limitations Imposed by Federal
            Law. </font> <font style="font-weight: normal;">Notwithstanding any other provision set forth in this Article 10, in no event shall any payments made by the Corporation pursuant to this Article 10 exceed the amount permissible under
            applicable federal law, including, without limitation, Section 18(k) of the Federal Deposit Insurance Act and the regulations promulgated thereunder.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Any repeal or modification of this Article&#160;10 by the stockholders of the
          Corporation or the Board of Directors shall not in any way diminish any rights to indemnification or advancement of expenses of such director or officer or the obligations of the Corporation arising hereunder with respect to events occurring, or
          claims made, while this Article&#160;10 is in force.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ARTICLE&#160;11.&#160;
            Limitation of Liability.&#160; </font><font style="font-weight: normal;">An officer or director of the Corporation, as such, shall not be liable to the Corporation or its stockholders for money damages, except (A)&#160;to the extent that it is proved
            that the Person actually received an improper benefit or profit in money, property or services, for the amount of the benefit or profit in money, property or services actually received; or (B) to the extent that a judgment or other final
            adjudication adverse to the Person is entered in a proceeding based on a finding in the proceeding that the Person&#8217;s action, or failure to act, was the result of active and deliberate dishonesty and was material to the cause of action
            adjudicated in the proceeding; or (C)&#160;to the extent otherwise provided by the MGCL.&#160; If the MGCL is amended to further eliminate or limit the personal liability of officers and directors, then the personal liability of officers and directors of
            the Corporation shall be eliminated or limited to the fullest extent permitted by the MGCL, as so amended.</font></font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Any repeal or modification of the foregoing paragraph by the stockholders of
          the Corporation shall not adversely affect any right or protection of a director or officer of the Corporation existing at the time of such repeal or modification.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 7.&#160;&#160;Exemption From Registration Claimed</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Not applicable.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 8.&#160;&#160;List of Exhibits</font></div>
      <table cellspacing="0" cellpadding="0" id="zf915d6195b5142d88571fe2055dd0581" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 18.16%; vertical-align: bottom; border-bottom: 2px solid black;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Regulation S-K</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibit Number</font></font></div>
            </td>
            <td style="width: 6.02%; vertical-align: bottom;">&#160;</td>
            <td style="width: 40.36%; vertical-align: bottom; border-bottom: 2px solid black;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Document</font></font></div>
            </td>
            <td style="width: 6%; vertical-align: bottom;">&#160;</td>
            <td style="width: 29.46%; vertical-align: bottom; border-bottom: 2px solid black;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Reference to Prior Filing or</font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibit No. Attached Hereto</font></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.16%; vertical-align: top;">&#160;</td>
            <td style="width: 6.02%; vertical-align: top;">&#160;</td>
            <td style="width: 40.36%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 29.46%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 18.16%; vertical-align: top;">
              <div style="text-align: center;"><a href="http://www.sec.gov/Archives/edgar/data/1751783/000114420418048865/tv502109_ex4.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4</font></a></div>
            </td>
            <td style="width: 6.02%; vertical-align: top;">&#160;</td>
            <td style="width: 40.36%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Form of Common Stock Certificate</font></div>
            </td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 29.46%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">*</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.16%; vertical-align: top;">&#160;</td>
            <td style="width: 6.02%; vertical-align: top;">&#160;</td>
            <td style="width: 40.36%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 29.46%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 18.16%; vertical-align: top;">
              <div style="text-align: center;"><a href="ex23.htm"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">23</font></a></div>
            </td>
            <td style="width: 6.02%; vertical-align: top;">&#160;</td>
            <td style="width: 40.36%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consent of Independent Registered Public Accounting Firm</font></div>
            </td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 29.46%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Attached as Exhibit 23</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.16%; vertical-align: top;">&#160;</td>
            <td style="width: 6.02%; vertical-align: top;">&#160;</td>
            <td style="width: 40.36%; vertical-align: top;">&#160;</td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 29.46%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 18.16%; vertical-align: top;">
              <div style="text-align: center;"><a href="#POWEROFATTORNEY"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">24</font></a></div>
            </td>
            <td style="width: 6.02%; vertical-align: top;">&#160;</td>
            <td style="width: 40.36%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Power of Attorney</font></div>
            </td>
            <td style="width: 6%; vertical-align: top;">&#160;</td>
            <td style="width: 29.46%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Contained on Signature Page</font></div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">_________________________</font></div>
      <div style="text-align: justify;">
        <div>
          <table cellspacing="0" cellpadding="0" id="zceff4eceeb5946baa3c0e0206529ca0a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

              <tr>
                <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">*</font></td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Incorporated by reference to Exhibit 4 to the Registration Statement on Form S-1 (File No. 333-227266) originally filed by the Company under the Securities
                      Act with the Commission on September 10, 2018, and all amendments or reports filed for the purpose of updating such description.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The undersigned hereby undertakes that Rhinebeck Bank, the wholly-owned subsidiary of the
          registrant, has submitted, or will submit, the Plan and any amendment thereto to the Internal Revenue Service in a timely manner and has made, or will make, all changes required by the Internal Revenue Service in order to qualify the Plan.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 9.&#160;&#160;Undertakings</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The undersigned registrant hereby undertakes:</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">1.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">To file, during any period in which offers or sales are being
          made, a post-effective amendment to the Registration Statement to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the
          Registration Statement;</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;"> <br>
        </font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;"> <br>
        </font></div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">2.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">That, for the purpose of determining any liability under the
          Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">bona fide</font> offering thereof;</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">3.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">To remove from registration by means of a post-effective
          amendment any of the securities being registered which remain unsold at the termination of the offering;</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">4.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">That, for purposes of determining any liability under the
          Securities Act, each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to
          the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">bona fide</font> offering
          thereof;</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">5.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">The undersigned registrant hereby undertakes that, for purposes
          of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report
          pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at
          that time shall be deemed to be the initial bona fide offering thereof; and</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">6.</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block;
          text-indent: 0px; font-size: 1px; width: 36pt; font-weight: normal;">&#160;</font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal;">Insofar as indemnification for liabilities arising under the
          Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is
          against public policy as expressed in the Securities Act and is, therefore, unenforceable.&#160; In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a
          director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant
          will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities
          Act and will be governed by the final adjudication of such issue.</font></div>
      <div style="margin-bottom: 12pt;"><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIGNATURES</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">The
            Registrant.</font>&#160; <font style="font-weight: normal;">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
            on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Poughkeepsie, State of New York, on February 13, 2019.</font></font></div>
      <table cellspacing="0" cellpadding="0" id="zcaf5103ccb7b44b3b885ab21a347ad53" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 44.94%; vertical-align: top;">&#160;</td>
            <td style="width: 10.14%; vertical-align: top;">&#160;</td>
            <td style="width: 44.92%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">RHINEBECK BANCORP, INC.</font></div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.94%; vertical-align: top;">&#160;</td>
            <td style="width: 10.14%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By:&#160;&#160; <br>
                </font></div>
            </td>
            <td style="width: 44.92%; vertical-align: top;">
              <div style="text-align: justify;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Michael J. Quinn &#160; &#160; &#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
                  </font></u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.94%; vertical-align: top;">&#160;</td>
            <td style="width: 10.14%; vertical-align: top;">&#160;</td>
            <td style="width: 44.92%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Michael J. Quinn</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.94%; vertical-align: top;">&#160;</td>
            <td style="width: 10.14%; vertical-align: top;">&#160;</td>
            <td style="width: 44.92%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">President and Chief Executive Officer</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.94%; vertical-align: top;">&#160;</td>
            <td style="width: 10.14%; vertical-align: top;">&#160;</td>
            <td style="width: 44.92%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Duly Authorized Representative)</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We, the undersigned directors and officers of Rhinebeck Bancorp, Inc. (the
          &#8220;Company&#8221;) hereby severally constitute and appoint Michael J. Quinn, as our true and lawful attorney and agent, to do any and all things in our names in the capacities indicated below which said Michael J. Quinn may deem necessary or advisable to
          enable the Company to comply with the Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with the registration of Company common stock and participation
          interests offered or sold to the Rhinebeck Bank 401(k) Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration statement and any and all amendments
          (including post-effective amendments) thereto; and we hereby approve, ratify and confirm all that said Michael J. Quinn shall do or cause to be done by virtue thereof.</font></div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-weight: normal;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Act of 1933, as amended, this
          registration statement has been signed by the following persons in the capacities and on the date indicated.</font></div>
      <table cellspacing="0" cellpadding="0" id="z9b825510e6574833a43e5e49cb44a7bc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Signatures</font></font></u></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Title</font></font></u></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date</font></font></u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Michael J. Quinn</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">President and</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Michael J. Quinn</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Executive Officer</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal Executive Officer)</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Michael J. McDermott</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Michael J. McDermott</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Principal Financial and Accounting Officer)</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Frederick L. Battenfeld</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Frederick L. Battenfeld</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Christopher W. Chestney</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Christopher W. Chestney</font></div>
            </td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 3.94%; vertical-align: top;">&#160;</td>
            <td style="width: 33.85%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zde0d38d9bd6b4ab9a2da1e95df1ea925" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Signatures</font></font></u></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">
              <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Title</font></font></u></div>
            </td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date</font></font></u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Freddimir Garcia</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Freddimir Garcia</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ William C. Irwin</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">William C. Irwin</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Shannon Martin LaFrance</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Shannon Martin LaFrance</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Suzanne Rhulen-Loughlin</font></div>
            </td>
            <td style="width: 5.48%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 5.46%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 13, 2019</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div>
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Suzanne Rhulen-Loughlin</font></div>
              </div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 5.48%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Director</font></div>
            </td>
            <td style="width: 5.46%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">
              <div>
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Louis Tumolo, Jr.</font></div>
              </div>
            </td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 29.14%; vertical-align: top;">&#160;</td>
            <td style="width: 5.48%; vertical-align: top;">&#160;</td>
            <td style="width: 30.8%; vertical-align: top;">&#160;</td>
            <td style="width: 5.46%; vertical-align: top;">&#160;</td>
            <td style="width: 29.12%; vertical-align: top;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after:always;">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">The Plan</font>.&#160;<font style="font-weight: normal;">&#160;Pursuant to the requirements of the Securities Act of 1933, as amended, the trustees (or other persons who administer the Plan) have duly caused this registration statement to be signed on its behalf by the
            undersigned, thereunto duly authorized, in the City of Poughkeepsie, State of New York, on February 13, 2019.</font></font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="zb9a656a6f38f4cf597828607faa54169" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td style="width: 44.95%; vertical-align: top;">&#160;</td>
            <td style="width: 6.78%; vertical-align: top;">&#160;</td>
            <td style="width: 48.28%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Rhinebeck Bank 401(k) Plan</font></div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.95%; vertical-align: top;">&#160;</td>
            <td style="width: 6.78%; vertical-align: top;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;">By:&#160; <br>
                </font></div>
            </td>
            <td style="width: 48.28%; vertical-align: top;">
              <div style="text-align: justify;"><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Michael J. Quinn&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
                  </font></u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.95%; vertical-align: top;">&#160;</td>
            <td style="width: 6.78%; vertical-align: top;">&#160;</td>
            <td style="width: 48.28%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Name: Michael J. Quinn</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.95%; vertical-align: top;">&#160;</td>
            <td style="width: 6.78%; vertical-align: top;">&#160;</td>
            <td style="width: 48.28%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Title: President and Chief Executive Officer</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 44.95%; vertical-align: top;" rowspan="1">
              <div>&#160;</div>
              <div> <br>
              </div>
              <div> <br>
              </div>
              <div> <br>
              </div>
              <div> <br>
              </div>
              <div> <br>
              </div>
              <div> <br>
              </div>
            </td>
            <td style="width: 6.78%; vertical-align: top;" rowspan="1">&#160;</td>
            <td style="width: 48.28%; vertical-align: top;" rowspan="1">&#160;</td>
          </tr>

      </table>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>ex23.htm
<DESCRIPTION>EXHIBIT 23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Luse Gorman
         Document created using EDGARfilings PROfile 5.1.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body text="#000000" bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">
  <div style="text-align: right;">Exhibit 23<br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div style="text-align: right;">
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Consent of Independent Registered Public Accounting Firm</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">We hereby consent to the incorporation by reference on this Registration Statement on Form S-8 of our report dated September 10, 2018 on the
        consolidated financial statements of Rhinebeck Bancorp, MHC and Subsidiaries, which appears in the Registration Statement on Form S-1, as amended (File No. 333-227266), of Rhinebeck Bancorp, Inc.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">/s/ Baker Tilly Virchow Krause, LLP</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">New York, New York</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">February 11, 2019</font></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
