BIRD-IN-HAND, Pa.--(BUSINESS WIRE)--The Board of Directors of Bank of Bird-in-Hand (the “Bank”) announced the approval and commencement of a stock offering of shares of the Bank’s common stock. The stock offering commenced on or about September 6, 2018, at $14.00 per share. The Bank is conducting an offering of up to approximately $20 million of common stock with the right to increase the offering amount up to approximately $25 million, in its sole discretion, in the event that demand for the shares exceeds $20 million. The Bank anticipates raising the capital from shareholders, retail and bank-known institutional investors, and the community.

The net proceeds of the common stock offering will be used for general bank purposes to support the Bank’s growth including, but not limited to, continuing to meet regulatory capital requirements, increasing legal lending limits, supporting deposit and lending activities, and planning for the long-term future of the Bank, including additional, yet currently unidentified, branch locations.

The common stock offering will terminate at 11:59 p.m. local prevailing time in Bird-in-Hand, Pennsylvania on December 31, 2018, unless extended by the Bank for an additional period not to exceed 90 days therefrom.

Offering materials are available at the Bank or by contacting Lori Maley, President and CEO at lmaley@bihbank.com or 717-929-2202 or Jennifer Halligan, VP and CFO at jhalligan@bihbank.com or 717-929-2217.

About Bank of Bird-in-Hand

Bank of Bird-in-Hand is a community-owned bank serving Eastern Lancaster County and Western Chester County with a strong focus on agricultural, small business, and consumer lending. Its main branch and office is located at 309 North Ronks Road, Bird-in-Hand, PA 17505. It operates an additional branch at 3540 Old Philadelphia Pike, Intercourse, PA 17534. The Bank also recently established a mobile branch which has a schedule of hours of operation at nine locations in Lancaster County. The unit, which is a twenty-nine-foot-long full-service mobile bank on wheels, has a built-in ATM, walk-up customer service window and also room inside for Customer Service representatives to open accounts and transact business.