Rhinebeck Bancorp Appoints New President and CEO

Rhinebeck Bancorp, Inc. announced the appointment of Matthew J. Smith as President and Chief Executive Officer, effective October 20, 2025. Smith will succeed Michael J. Quinn, who is retiring. Smith previously served as Senior Executive Vice President and Chief Operating Officer at Columbia Financial, Inc. and Columbia Bank. The company has entered into an employment agreement with Smith, which includes an annual base salary of $525,000, eligibility for short-term and long-term incentive compensation, and other benefits. The agreement also outlines severance terms in the event of termination without cause or resignation for good reason.