Bank of Bird-in-Hand

Bank of Bird-in-Hand Reports on Progress of Stock Offering

Retrieved on: 
Tuesday, October 31, 2023
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The Bank of Bird-in-Hand (the “Bank”) announced that, as of October 26, 2023, it has received subscriptions for 514,635 shares of its common stock for aggregate gross proceeds of $14,409,780 before deducting offering expenses, through the previously announced stock offering of its shares of common stock.

Key Points: 
  • The Bank of Bird-in-Hand (the “Bank”) announced that, as of October 26, 2023, it has received subscriptions for 514,635 shares of its common stock for aggregate gross proceeds of $14,409,780 before deducting offering expenses, through the previously announced stock offering of its shares of common stock.
  • The Bank commenced the common stock offering on September 18, 2023, at $28.00 per share, of up to approximately $15 million of common stock with the right to increase the offering amount up to approximately $30 million, at the sole discretion of the Board of Directors in the event that demand for the shares exceeded $15 million.
  • Kevin J. McClarigan, CPA, Chairman of the Board, stated, “We are excited and humbled by the strong demand we have experienced for our latest common stock offering.
  • The Bank reserves the right, however, to withdraw or terminate the Offering at any time and return unaccepted subscriptions to subscribers.

Bank of Bird-in-Hand Announces Pricing of Capital Offering

Retrieved on: 
Monday, August 28, 2023
Banking, Professional Services, Finance, COMMON, SELL, Growth, Bank, Mail, United, Bank of Bird-in-Hand, CPA, Management

Lori A. Maley, CPA, President, CEO and Vice Chairman of Bank of Bird-in-Hand released additional details today about the Bank’s previously announced common stock offering.

Key Points: 
  • Lori A. Maley, CPA, President, CEO and Vice Chairman of Bank of Bird-in-Hand released additional details today about the Bank’s previously announced common stock offering.
  • The Bank will seek to raise $15 million in newly issued common shares which will be priced at $28.00 per share.
  • Bybel Rutledge LLP, Lemoyne, Pennsylvania is serving as legal counsel to Bank of Bird-in-Hand in connection with the stock offering.
  • THE OFFERING IS BEING MADE ONLY BY THE WRITTEN OFFERING CIRCULAR WHEN AVAILABLE.

Bank of Bird-in-Hand Announces Future Capital Offering

Retrieved on: 
Monday, August 7, 2023
Banking, Professional Services, Finance, COMMON, Bank of Bird-in-Hand, SELL, Growth, Bank, CPA, Cryptocurrency

The current range of the offering is anticipated to be between $15 million and $30 million in the aggregate.

Key Points: 
  • The current range of the offering is anticipated to be between $15 million and $30 million in the aggregate.
  • The additional capital will help the Bank maintain a strong foundation on which to grow and will allow the Bank to continue to serve underserved communities.”
    The Bank anticipates raising the capital from shareholders, retail investors, and the community.
  • Bybel Rutledge LLP, Lemoyne, Pennsylvania is serving as legal counsel to Bank of Bird-in-Hand in connection with the stock offering.
  • THE OFFERING IS BEING MADE ONLY BY THE WRITTEN OFFERING CIRCULAR WHEN AVAILABLE.

Bank of Bird-in-Hand Announces Special Cash Dividend

Retrieved on: 
Wednesday, June 21, 2023
Banking, Professional Services, Finance, Growth, Bank of Bird-in-Hand, Investment, CPA, Holding company, Management

Bank of Bird-in-Hand (the “Bank”) announced today that the Board of Directors has declared a special cash dividend of $0.27 per share of common stock to shareholders of record as of August 11, 2023, and payable on September 5, 2023.

Key Points: 
  • Bank of Bird-in-Hand (the “Bank”) announced today that the Board of Directors has declared a special cash dividend of $0.27 per share of common stock to shareholders of record as of August 11, 2023, and payable on September 5, 2023.
  • “We are excited to be able to announce the special cash dividend based upon the continuing growth of the Bank,” remarked Lori A. Maley, CPA, President, Chief Executive Officer and Vice Chairman of the Board.
  • “Our remarkable and outstanding financial performance and results since our founding in December of 2013 provides us the opportunity to declare a special cash dividend.
  • Furthermore, this special cash dividend would not be possible without the steadfast support of our shareholders and the hard work and dedication of all our employees and the Board of Directors,” Ms. Maley continued.

Bank of Bird-in-Hand Announces New GELT (Money) Bus Branch Location

Retrieved on: 
Tuesday, March 14, 2023
Banking, Professional Services, Finance, CPA, Federal Reserve Bank of St. Louis, Federal Reserve Bank, Bank of Bird-in-Hand, Environment, News, Bank

Bank of Bird-in-Hand (the “Bank”) announced that the latest addition to the Bank’s specialized delivery network of GELT (Money) Bus branches opened on March 8, 2023 at Reifsnyder’s Ag Center, 7180 Bernville Road, Bernville, PA 19506.

Key Points: 
  • Bank of Bird-in-Hand (the “Bank”) announced that the latest addition to the Bank’s specialized delivery network of GELT (Money) Bus branches opened on March 8, 2023 at Reifsnyder’s Ag Center, 7180 Bernville Road, Bernville, PA 19506.
  • The Bank operates four mobile bank branches serving 17 total locations.
  • “We are excited to expand our services to a new area in need of a true community bank,” remarked Lori A. Maley, CPA, President and Chief Executive Officer and Vice Chairman of the Bank.
  • The Bank of Bird-in-Hand is happy to be a community bank oasis in a rural banking desert.

Lancaster County Banker Appointed to National Council for Community Bank Leaders

Retrieved on: 
Thursday, December 8, 2022
Banking, Professional Services, Finance, LLP, Heart, American Bankers Association, Data aggregation, Ernst, Certified Public Accountant, Bank, Conference, Corporation, Lehigh Coal and Navigation Company, School, CPA, Business administration, Saint Joseph University, Pennsylvania National Bank Building, Vice, Bloomsburg University of Pennsylvania, Ernst & Young, Employment, National bank, Federal Reserve Bank, Assistant, FDIC, NSF, Albright College, CSBS, ABA, Muhlenberg College, Pennsylvania State University, Equal housing lender, News, United Community Bank, Navigation, Bank of Bird-in-Hand, Congress, Berkshire Bank, Kutztown University of Pennsylvania, Risk, Management, Science

American Bankers Association has selected Lori A. Maley, CPA, President, CEO and Vice Chairman of Bank of Bird-in-Hand, to serve on ABAs Community Bankers Council.

Key Points: 
  • American Bankers Association has selected Lori A. Maley, CPA, President, CEO and Vice Chairman of Bank of Bird-in-Hand, to serve on ABAs Community Bankers Council.
  • Ms. Maley attended the ABA Community Bankers Council meeting in Washington, November 14-16.
  • ABAs Community Bankers Council, which meets twice a year, is made up of approximately 100 bankers from across the country from institutions with generally less than $5 billion in assets.
  • Lori A. Maley, CPA, has served as Vice Chairman, President and Chief Executive Officer of Bank of Bird-in-Hand since March 1, 2017.

The Bank of Bird-in-Hand Surpasses the Billion Dollar Mark

Retrieved on: 
Tuesday, September 20, 2022
Banking, Professional Services, Securities Exchange Act of 1934, Intercourse, Risk, Securities Act of 1933, Corporation, CPA, Director, News, Pennsylvania Route 340, Industry, Bank of Bird-in-Hand, Bank, CEO, Terminology, Board, Small business, Humble Oil, Management

The Board of Directors of Bank of Bird-in-Hand (the Bank) announced that the Bank has surpassed the One Billion dollar asset threshold as of September 1, 2022.

Key Points: 
  • The Board of Directors of Bank of Bird-in-Hand (the Bank) announced that the Bank has surpassed the One Billion dollar asset threshold as of September 1, 2022.
  • It seems like only yesterday we opened the Bank, when in reality it has been almost 9 years.
  • As of August 31, 2022, the Bank had $1.0 billion in assets, $888.2 million in net loans and $802.5 million in deposits (unaudited).
  • The Bank also operates four mobile bank branches which have a schedule of hours of operation at 18 locations in Lancaster, Chester, and Dauphin Counties.

Bank of Bird-in-Hand Completes and Sells Out Common Stock Offering

Retrieved on: 
Tuesday, November 16, 2021
Banking, Professional Services, Small business, Person, Director, CEO, Terminology, CPA, Growth, Income, Intercourse, Â, Forward-looking statement, Board, Bank, Bank of Bird-in-Hand, Pennsylvania Route 340, Time

The Bank of Bird-in-Hand ( www.bihbank.com ) (the Bank) announced that, as of October 22, 2021, it has completed the offering of approximately $25 million of its common stock.

Key Points: 
  • The Bank of Bird-in-Hand ( www.bihbank.com ) (the Bank) announced that, as of October 22, 2021, it has completed the offering of approximately $25 million of its common stock.
  • Lori A. Maley, CPA, President, Chief Executive Officer and Vice Chairman of the Board stated, We are delighted with the strong demand we experienced for our common stock offering.
  • On behalf of the Bank, I want to thank everyone who purchased common stock in the offering, Ms. Maley added.
  • The Banks common stock trades only on a very limited basis in private transactions in the local over-the-counter market.

 Bank of Bird-in-Hand Reports on Progress of Stock Offering

Retrieved on: 
Thursday, September 30, 2021
Banking, Professional Services, Finance, Humble Bundle, Sustainability Accounting Standards Board, Income, Intercourse, CPA, Board, Offering, CEO, THE, Bank of Bird-in-Hand, Terminology, Small business, Pennsylvania Route 340, Bird, COMMON, Forward-looking statement, Bank, Time, SELL, Director, Security (finance), Management

The Bank of Bird-in-Hand (the Bank) announced that, as of September 23, 2021, it has received and accepted subscriptions for 652,173 shares of its common stock for aggregate gross proceeds of $15,000,000, before deducting offering expenses, through the previously announced stock offering of its shares of common stock.

Key Points: 
  • The Bank of Bird-in-Hand (the Bank) announced that, as of September 23, 2021, it has received and accepted subscriptions for 652,173 shares of its common stock for aggregate gross proceeds of $15,000,000, before deducting offering expenses, through the previously announced stock offering of its shares of common stock.
  • Kevin J. McClarigan, CPA, Chairman of the Board, stated, We are excited and humbled by the strong demand we have experienced for our latest common stock offering.
  • The Bank reserves the right, however, to withdraw or terminate the Offering at any time and return unaccepted subscriptions to subscribers.
  • Offering materials are available at the Bank or by contacting Lori A. Maley, CPA President, CEO and Vice Chairman of the Board, Bank of Bird-in-Hand, 309 North Ronks Road, Bird-in-Hand, Pennsylvania 17505.

Bank of Bird-in-Hand Announces Pricing of Capital Offering

Retrieved on: 
Monday, August 30, 2021
Banking, Professional Services, Finance, Terminology, Bank of Bird-in-Hand, SELL, COMMON, Growth, Director, CPA, Forward-looking statement, Small business, Board, Bank, CEO, United States Postal Inspection Service, Pennsylvania Route 340, THE, Intercourse, Mail, Income, Security (finance)

The Bank will seek to raise $15 million in newly issued common shares which will be priced at $23.00 per share.

Key Points: 
  • The Bank will seek to raise $15 million in newly issued common shares which will be priced at $23.00 per share.
  • In the event that the demand for shares exceeds $15 million, the Board may increase the offering amount up to $25 million.
  • Bybel Rutledge LLP, Lemoyne, Pennsylvania is serving as legal counsel to Bank of Bird-in-Hand in connection with the stock offering.
  • Bank of Bird-in-Hand is a community-owned bank serving Lancaster County and western Chester County with a strong focus on agricultural, small business, and consumer lending.