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. It was founded in Pennsylvania by a group of local Amish and non-Amish investors.
|Alan Dakey (CEO)|
Lori Maley (Former CEO)
On November 27, 2013, 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.
The Bank celebrated its first anniversary on December 2, 2014.
Lori Maley replaced Alan Dakey as CEO of the bank on March 1, 2017.
On June 30, 2020, 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.
Location and clienteleEdit
The Bank is located in Bird-in-Hand, Pennsylvania, in Pennsylvanian Amish Country. The Bank caters mostly to Amish borrowers, however not exclusively.
The Bank includes a drive-through window designed to accommodate a horse and buggy.
- ^ a b "A Local Bank in Amish Country Flourishes Amid Dearth of Small Lenders". The Wall Street Journal. March 29, 2015.
- ^ "Bank of Bird-in-Hand proposed, includes Amish investors". Lancaster Online. January 8, 2013.
- ^ "RE:Bank of Bird-in-Hand Application for Federal Deposit Insurance" (PDF). FDIC. Retrieved August 25, 2015.
- ^ "Bank of Bird-in-Hand takes to the skies". Financial Times. December 1, 2013.
- ^ "New CEO for Bank of Bird-in-Hand sees opportunities ahead". Lancaster Online. December 8, 2014.
- ^ "Central Penn Business Journal". Feb 14, 1017.
- ^ "Bank of Bird-in-Hand Reports on Progress of Stock Offering". www.businesswire.com. 2020-10-02. Retrieved 2020-12-30.
- ^ "Amish start-up: The Bank of Bird-in-Hand". Philly.com. October 17, 2013.
- ^ "Nice gig: Lessons from one of America's youngest lenders". The Economist. August 22, 2015.