“The bank would be the first de novo (startup) bank to open in almost three years in the United States, Hernandez said. Peters said increased regulation and the availability of banks for sale kept some from opening banks since the recession.  ‘As a new enterprise, we certainly can’t screw up,’ Peters said. ‘It would set everybody back. I’m sure there are other groups of businessmen watching to see how this goes. It’s a good sign for the industry, because it means the regulators are at least willing to consider a new charter for a new bank to occur.'”

http://www.cpbj.com/article/20130906/CPBJ01/309059999/Bank-of-Bird-in-Hand-to-open-in-fall

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