The Board of Directors of Bank of Bird-in-Hand Announces the Appointment of Alan W. Dakey as President and Chief Executive Officer Effective Immediately

Kevin J. McClarigan, Chairman of the Board, Bank of Bird-in-Hand, announced today on behalf of the Board of Directors the appointment of Alan W. Dakey as President and Chief Executive Officer effective immediately. Lori A. Maley, who served as interim President and Chief Executive Officer of the Bank will continue in her position as Executive Vice President and Chief Financial Officer.

Mr. Dakey served as President/CEO of Peoples Neighborhood Bank with headquarters in Hallstead, PA from 2009 to 2013 prior to its merger with Penseco Financial Services Corp. Prior to that, Mr. Dakey was President/CEO of Mid Penn Bank with headquarters in Millersburg, PA for over 14 years. Before serving as President and CEO of Mid Penn Bank, Mr. Dakey was Senior Vice President at The Dime Bank in Honesdale, PA, where he worked for twenty years with most of that time in various senior commercial loan positions. He holds a Master of Business Administration degree from the University of Scranton and a Bachelor of Science degree in Accounting from Bloomsburg University. Mr. Dakey has been an active participant of the Pennsylvania Bankers Association and Pennsylvania Association of Community Bankers. He brings a record of community leadership in positions including the Millersburg Area School Board, West Shore Chamber of Commerce, and Harrisburg Area YMCA Board of Directors.

Speaking on behalf of the Board of Directors, Mr. McClarigan said, “The Board engaged in a comprehensive search and evaluation process to find the best candidate to lead the Bank of Bird-in-Hand as the first de novo bank in the United States since the financial crisis with a strong focus on agriculture, small business and consumer banking. The Board of Directors considered a number of highly qualified candidates. The Board is confident that Alan’s experience and leadership will contribute greatly to the Bank as we experience continued significant growth. The Board and Alan are strongly committed to enhancing long-term shareholder value. We are very excited that Alan has decided to join our team. The Board would also like to express its deep appreciation to Ms. Maley who has guided our company through this transition phase in her capacities as not just an exceptional Chief Financial Officer but also Interim President and Chief Executive Officer. We have a management team that brings significant banking experience, exceptional skill and dedication to our Bank.”

Bank of Bird-in-Hand will be celebrating its first year of operations on December 2, 2014.

Bank of Bird-in-Hand, Bird-in-Hand, PA is an independent community bank headquartered in Lancaster County, Pennsylvania with one community office and approximately $66 million in assets.