Bank of Bird-in-Hand and GELT Bancorp, Inc. Announce the Appointment of Louise Hutchinson, Esquire, as Director

Bird-in-Hand, PA (April 14, 2025) Bank of Bird-in-Hand (the “Bank”), a subsidiary of bank holding company GELT Bancorp, Inc. (the “Company”), is pleased to announce the appointment of Louise Hutchinson, Esquire to its Board of Directors and the Board of the Company.

Ms. Hutchinson is an attorney with over 30 years in the public and private sectors, focusing on technology, banking and nonprofit law. She currently also volunteers as a member of the boards of directors of two nonprofits, The Technology Council of Central Pennsylvania and Voce.

“We are excited to welcome Louise to our Boards,” says Kevin McClarigan, CPA, Chairman. “Her extensive background in the fields of law and information technology will provide valuable strategic insight as we continue to explore new ways of delivering value to our community. We believe Louise is a great cultural fit and will help us further our mission of cultivating lasting customer relationships by providing quality banking services with integrity in the markets we serve.”

About Bank of Bird-in-Hand and GELT Bancorp, Inc.

Bank of Bird-in-Hand, a subsidiary of bank holding company GELT Bancorp, Inc., is a community-owned bank 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 additional brick-and-mortar branches as well as mobile bank branches called the GELT Buses. For additional information, including a list of all branches, please visit our website at www.bihbank.com. Member FDIC.

As of December 31, 2024, GELT Bancorp, Inc. and Bank of Bird-in-Hand consolidated had total assets of approximately $1.592 billion, total deposits of approximately $1.328 billion, total net loans of approximately $1.379 billion, and total shareholders’ equity of approximately $147 million.

A Warning About Forward-Looking Statements

This press release contains statements about our plans, objectives, expectations, and intentions as well as other statements that are not historical facts. These are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements can be identified by use of terminology such as “expect”, “plan”, “anticipate”, “believe”, “estimate”, and similar words that are intended to identify such forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates, and projections about the Bank and the Company, the financial services industry, and the economy. There are several factors such as changes in fiscal or monetary policy, or changes in the economic climate that will influence the future operations of the Bank and the Company. These factors are difficult to predict with regard to how likely and to what degree or significance that they would occur and are subject to change. Actual results may differ materially from what may have been forecast in the forward-looking statements. Readers are accordingly cautioned not to place undue reliance on forward-looking statements. The Bank and the Company do not revise or update these forward-looking statements to reflect events or changed circumstances.