2013-10-21

A new bank in America?

This story is from April, about the first new bank in over two years.

De Novo Banks Need a Niche
Eighteen investors—many of them Amish—are planting the seeds for a new community bank outside Lancaster, Pa.

If the investors can convince regulators that the new institution will thrive, Bank of Bird-in-Hand would become the first de novo in the United States in more than two years.

Bird-in-Hand bank ready to sell stock
The proposed Bank of Bird-in-Hand is moving ever closer to opening this fall.

The start-up institution has received conditional approval from the state Department of Banking and Securities, the bank's leaders announced last week.

This week, Bank of Bird-in-Hand expects to start offering common stock, seeking to raise $16 million to $25 million in capital.

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