Bank of Bird-in-Hand

Bank of Bird-in-Hand was the first bank in the United States to open following the passage of the Dodd Frank Act in 2010.[1] The Pennsylvania-based bank was founded by a group of local Amish and non-Amish investors.[2]

History

On November 27, 2013,[3] the Federal Deposit Insurance Corporation approved the launch of Bank of Bird-in-Hand. At the time of the launch, the Bank had $17 million in capital.[4]

The Bank celebrated its first anniversary on December 2, 2014.[5]

As of August 2015, the Bank held assets of $96 million.[6]

Location and clientele

The Bank is located in Bird-in-Hand, Pennsylvania - the heart of Pennsylvanian Amish Country.[7] The Bank caters mostly to Amish borrowers, however not exclusively.[1]

Building

The Bank includes a drive-through window designed to accommodate a horse and buggy.[6]

References

External links

This article is issued from Wikipedia - version of the Friday, January 01, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.