Bank of Bird-in-Hand
{{Short description|American bank based in Pennsylvania}}
{{Use mdy dates|date=February 2024}}
{{Infobox company
| name = Bank of Bird-in-Hand
| logo =
| logo_caption =
| logo_alt =
| type = Private company
| industry = Banking
| founded = {{Start date and age|2013|11|27}}
| hq_location_city = Bird-in-Hand, Pennsylvania
| hq_location_country = United States
| area_served =
| key_people = Alan Dakey (Former CEO)
Lori Maley (CEO)
| products = Retail banking
| owner =
| num_employees =
| num_employees_year =
| website = {{URL|https://bihbank.com/}}
}}
Bank of Bird-in-Hand is an American bank, the first in the United States to open following the passage of the Dodd Frank Act in 2010.{{cite web |url=https://www.wsj.com/articles/a-local-bank-in-amish-country-flourishes-amid-dearth-of-small-lenders-1427677879 |title=A Local Bank in Amish Country Flourishes Amid Dearth of Small Lenders |publisher=The Wall Street Journal |date=March 29, 2015}} It was founded in Bird-in-Hand, Pennsylvania by a group of local Amish and non-Amish investors.{{cite web |url=http://lancasteronline.com/business/bank-of-bird-in-hand-proposed-includes-amish-investors/article_12e0c11b-b31f-5e77-8bb2-2cb8e016d90f.html |title=Bank of Bird-in-Hand proposed, includes Amish investors |publisher=Lancaster Online |date=January 8, 2013}}
History
On November 27, 2013,{{cite web |url=https://www.fdic.gov/regulations/laws/bankdecisions/DepIns/bird_in_hand.pdf |title=RE:Bank of Bird-in-Hand Application for Federal Deposit Insurance |publisher=FDIC |accessdate=August 25, 2015}} the Federal Deposit Insurance Corporation approved the launch of Bank of Bird-in-Hand. At the time of opening, the bank had $17 million in capital.{{cite web |url=http://www.ft.com/cms/s/0/fcc8d90e-59dc-11e3-81dd-00144feabdc0.html |title=Bank of Bird-in-Hand takes to the skies |publisher=Financial Times |date=December 1, 2013}}
The bank celebrated its first anniversary on December 2, 2014.{{cite web |url=http://lancasteronline.com/business/local_business/new-ceo-for-bank-of-bird-in-hand-sees-opportunities/article_db01790c-7c9f-11e4-943e-477e116fc00b.html |title=New CEO for Bank of Bird-in-Hand sees opportunities ahead |publisher=Lancaster Online |date=December 8, 2014}}
Lori Maley replaced Alan Dakey as CEO of the bank on March 1, 2017.{{Cite web|url=https://www.cpbj.com/dakey-to-retire-as-bird-in-hand-ceo-maley-to-take-helm-2/|title=Central Penn Business Journal|date=Feb 14, 1017}}
= Assets =
{{As of |2020|6|30|df=US}}, the bank reported total assets of $527.5 million, total deposits of $453.2 million, total net loans of $425.0 million, and total shareholders’ equity of $57.8 million.{{Cite web|date=2020-10-02|title=Bank of Bird-in-Hand Reports on Progress of Stock Offering|url=https://www.businesswire.com/news/home/20201002005472/en/Bank-of-Bird-in-Hand-Reports-on-Progress-of-Stock-Offering|access-date=2020-12-30|website=www.businesswire.com|language=en}}
Location and clientele
The bank is located in Bird-in-Hand in Pennsylvanian Amish Country with several branches in and around Lancaster County, plus several vans operating as their mobile branch.{{cite web |url=http://www.philly.com/philly/blogs/inq-phillydeals/Amish-start-up-The-Bank-of-Bird-in-Hand-.html |title=Amish start-up: The bank of Bird-in-Hand |publisher=Philly.com |date=October 17, 2013}}{{Cite web |url=https://bihbank.com/locations-and-hours/ |title=Locations & Hours |website=Bank of Bird-in-Hand}} The bank caters mostly to Amish borrowers, however not exclusively.
Building
The bank includes a drive-through window designed to accommodate a horse-drawn buggy.{{cite web|url=https://www.economist.com/news/finance-and-economics/21661676-lessons-one-americas-youngest-lenders-nice-gig|title=Nice gig: Lessons from one of America’s youngest lenders|date=August 22, 2015|publisher=The Economist |url-access=subscription |archive-url=https://web.archive.org/web/20201031015344/https://www.economist.com/finance-and-economics/2015/08/20/nice-gig |archive-date=October 31, 2020}}
References
{{reflist}}
External links
- {{Official website|https://bihbank.com/}}
Category:Banks established in 2013
Category:Banks based in Pennsylvania