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Bank of Bird-in-Hand waiting on FDIC approval

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The first start-up bank to open in the United States in three years is going to have to wait a little longer to open its doors.

The Bank of Bird-in-Hand in Leacock Township had planned a soft, private opening for Nov. 22, but it is still waiting for final Federal Deposit Insurance Corporation approval, according to bank officials.

Greg Hernandez, spokesman for the FDIC, said Wednesday the application for deposit insurance is still under review but did not give a timetable for when a decision would be made.

The bank had planned for two weeks of the soft opening, with stakeholders and their families opening their accounts. The public grand opening had been scheduled for Dec. 7, according to Todd Newpher, vice president, bank retail officer.

Newpher said the bank had been hoping to open again this week, but the final FDIC approval still had not arrived.

Once the bank gets the approval, it will be ready to open, he said.

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