Top Qs
Timeline
Chat
Perspective
Bank of Bird-in-Hand
American bank based in Pennsylvania From Wikipedia, the free encyclopedia
Remove ads
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.[1] It was founded in Bird-in-Hand, Pennsylvania by a group of local Amish and non-Amish investors.[2]
Remove ads
History
On November 27, 2013,[3] 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.[4]
The bank celebrated its first anniversary on December 2, 2014.[5]
Lori Maley replaced Alan Dakey as CEO of the bank on March 1, 2017.[6]
Assets
As of June 30, 2020[update], 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.[7]
Remove ads
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.[8][9] The bank caters mostly to Amish borrowers, however not exclusively.[1]
Building
The bank includes a drive-through window designed to accommodate a horse-drawn buggy.[10]
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads