October 26, 2020

On October 26, 2020, Rhinebeck Bank, Poughkeepsie, New York, entered into an agreement pursuant to which it will acquire two branch offices in Monroe and Warwick, New York from ConnectOne Bank, Englewood Cliffs, New Jersey. The transaction is expected to add more than $50 million in deposits for Rhinebeck Bank.

Luse Gorman served as legal counsel to Rhinebeck Bank in the transaction. The Luse Gorman team consisted of Scott Brown, Jeff Cardone and Ellie Cook.

Rhinebeck Bank, which has approximately $1.13 billion in assets, provides a full range of banking and financial services to consumer and commercial customers through its 11 branches and two representative offices located in Dutchess, Ulster, Orange and Albany counties, New York.

Luse Gorman has extensive experience representing financial institutions in corporate transactions, equity and debt offerings, and corporate governance, regulatory and employee benefits matters. To learn more about our practice, please visit our website.