Bank of Bird-in-Hand surpassed $1 billion in assets as of Sept. 1, its board of directors announced Tuesday.
Speaking on behalf of the board and the bank, President and CEO Lori A. Maley said in a release, “We are extremely humbled and simultaneously inspired by our community, customers, employees and shareholders who have all played an instrumental role in achieving this latest milestone.”
“It seems like only yesterday we opened the bank, when in reality it has been almost nine years,” she added. “Achieving this threshold so quickly would be considered impossible in many places, but only here can we be so blessed to have everyone working together to truly create a unique and successful community bank.”
Bank of Bird-in-Hand serves Lancaster County, western Chester County and upper Dauphin County with a strong focus on agricultural, small business and consumer lending. Earlier this year, Maley was quoted as saying that the Plain community makes up about 50% of the bank’s customer base.
According to its website, when it was established in 2013, Bank of Bird-in-Hand was the first bank in the U.S. to gain a charter since 2010, and remains the only bank in Pennsylvania to open since 2008.
“The opportunities before this bank are numerous,” said Kevin J. McClarigan, chairman of the board. “We continue to execute our strategic plan to profitably grow our bank and enhance shareholder value while placing our customers as our top priority.”
Bank of Bird-in-Hand has its main branch and office in Bird-in-Hand and operates additional branches in Intercourse, Paradise and Ephrata as well as four mobile bank branches.
Paula Wolf is a freelance writer