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bank history
proud past...
Rhinebeck Savings Bank was incorporated on April 12, 1860. Just one year later the Civil War broke out which drove many businesses under, but Rhinebeck Savings Bank remained solid. With dedication and commitment, the Bank grew continuing to meet the needs of customers and businesses.
On September 8, 1883, land was purchased at 14 Montgomery Street for $2,000, and a one-story stone and brick building was completed in 1885. This location remained our headquarters until 2001.
In 1937, the original Rhinebeck Branch was enlarged to include the addition of a board room and offices for the President and Treasurer. The Bank expanded yet again in 1953 by extending 35 feet at the rear of the building to accommodate our growing staff.
By the 1970's the Village of Rhinebeck was struggling economically. Rhinebeck Savings Bank showed commitment to the community by building the Rhinebeck Savings Bank Village Plaza. This project helped revitalize the economy and restore a sense of community to Rhinebeck.
Over the years, our branch footprint expanded to better serve our ever-growing customer base. Listed are some of the significant milestones throughout the years.
- 1974 - Opened a new Branch in Millerton, NY
- 1980 - Hyde Park Branch opened
- 1994 - Millerton Branch sold
- 1995 - Red Hook Branch opened
- 1999 - South Road Branch opened
- 2000 - Arlington and Mid-Hudson Center Branches opened
- 2001 - Headquarters moved to 2 Jefferson Plaza, Poughkeepsie
- 2003 - Rhinebeck Branch Renovation Project completed
- 2004 - Rhinebeck Savings Bank became a holding company, retaining 100% ownership of the shares
- 2006 - Kingston Branch opened
- 2007 - East Fishkill Branch opened
- 2009 - Beacon Area Branch opened
focused future...
Since 1860, Rhinebeck Savings Bank has always been deeply rooted in our communities. Our belief in relationship focused banking - growing relationships through one-on-one interactions - has been the mainstay of our customer commitment.
Our Bank has accomplished great success during past years thanks to you - our customers, employees and the communities we are proud to serve. We look forward to the future, as the Bank continues to expand its products, services and locations in Dutchess and surrounding counties. We have a great foundation as an independent community bank - a foundation we intend to build upon for years to come.
