Bank of Bird-in-Hand raises about $19.5 million through sale of new common stock
Most shares were purchased by current shareholders, customers, and members of the local community.
Source: wfmz.com
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Most shares were purchased by current shareholders, customers, and members of the local community.
As of Oct. 26, the bank said buyers had sought 514,635 shares of new stock for a total of $14.4 million.
Bank of Bird-in-Hand plans to sell shares starting in September to raise $15 million to $30 million, capital that will help the bank grow and add branches.Chairman Kevin J. McClarigan