Bank of Bird-in-Hand
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| Company type | Private company |
|---|---|
| Industry | Banking |
| Founded | November 27, 2013 |
| Headquarters | , |
Key people | Alan Dakey (Former CEO) Lori Maley (CEO) |
| Products | Retail banking |
| Website | bihbank |
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]
Assets
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]
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]
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]