![]() ![]() And bank runs can happen much faster now that people can communicate and move their money almost instantly.Īnd the failure of a small bank is not necessarily an isolated event. Smaller lenders can be more vulnerable to shocks, like the sudden bank run that led to the demise of Silicon Valley Bank. Still, smaller banks can pose risks - and that was made clear by the failures of the three lenders over the past two months. "It was really amazing." But smaller banks can still get in trouble ![]() "We had Amish sitting on the floor, sitting everywhere," Maley recalls. At one point, it had lines out the door of customers waiting to open accounts. Bird-in-Hand now has six locations, four Gelt Buses and a billion dollars in capital. It has an ATM and a teller window and runs on a circuit through some more remote areas of Pennsylvania. ( Gelt is the old German word for money.) Because it caters to the local Amish community, it must offer special accommodations like branches that cater to horse-drawn buggies.Īlso, because horse travel takes a long time, the Bank of Bird-in-Hand has several mobile branches that it takes out to some more remote areas. A horse looks in the drive-through window of the Bank of Bird-in-Hand. ![]()
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