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PHILADELPHIA, Feb. 9, 2021 /PRNewswire/ -- In its Fourth Quarter record to shareholders, Hyperion financial institution referred to that 2020 became a checklist yr for the bank.
"because of the efforts of their dedicated personnel, 2020 become a record yr for Hyperion," says veteran group banker Charles B. (Charlie) Crawford, Jr., Hyperion's Chairman and CEO. "Loans elevated 41%, deposits had been up 29% and property grew to over $250 million."
Hyperion bank's Charlie Crawford
Hyperion bank's Lou DeCesare
He notes that, in certain, "Our team members tailored immediately and perpetually as COVID changed how they go about featuring the excessive degree of service their customers predict. That contains being diligent about knowing how the pandemic affected existence and business for valued clientele and making certain their banking was as seamless as feasible."
Louis J. DeCesare, Jr., Hyperion's President & COO, provides different highlights of 2020 for Hyperion:
In SBA PPP circular One, Hyperion tackled as a whole lot or extra of the market than many better economic institutions, helping greater than 300 organizations access cash.
may also 2020 noticed the launch of Hyperion mortgage, a joint venture primarily based in Atlanta, originating residential personal loan loans in Georgia and Alabama.
September marked the first anniversary of Hyperion's enlargement to Atlanta, and the bank marked its 14th anniversary in November.
Hyperion's boom was diagnosed in September when the Philadelphia enterprise Journal included it on its "hovering 76" record of fastest-growing organizations, with 39 p.c earnings boom over the last three years.
In October 2020 Hyperion shareholders approved the formation of a maintaining business, Hyperion Bancshares; Hyperion bank will develop into a unconditionally owned subsidiary of the brand new maintaining enterprise. at the time, Crawford pointed out the protecting business presents better flexibility and positions the corporation to take expertise of future alternatives, including the techniques during which it might raise capital.
searching ahead, Crawford says that having a great yr is definitely a problem of varieties, "with team Hyperion specializing in even more suitable tips on how to leverage know-how and engaged, skilled bankers to bring ever-enhancing service to the communities they serve."
Hyperion bank is a full-carrier group financial institution, which connects with clients by way of technology and enormously attainable, skilled, enthusiastic bankers who've native determination-making authority. Member FDIC. Equal Housing Lender. present of credit is subject to approval. #communitybanking #HyperionBank #HyperionMortgage #GeorgiaBank #PennsylvaniaBank #PhiladelphiaBank #AtlantaBank #communitybank #communitybanker
Media inquiries: B. Andrew (Drew) Plant[email protected]
678-637-5532
source Hyperion financial institution
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