Hyperion Bank - community bank with offices in Atlanta & Philadelphia - continues growth, also offering haven for banking customers in flux due to industry tumult

In its First Quarter 2023 Report to Shareholders, Hyperion Bancshares, Inc., Hyperion Bank’s holding company, enumerated strong growth for the Philadelphia-based community bank. It also says recent banking tumult underscores the security of smaller community banks like Hyperion, which has a banking office in Atlanta.

“It certainly was not a dull first quarter in our industry,” says the bank’s CEO and Chairman Charlie Crawford, “and we were fortunate to be able to offer a new banking-partner option to several folks whose banking relationships were in flux due to the turmoil that took place. Along with new customers, we also added five great people to our team.”

Crawford, a longtime community banker, notes that he continues to see strong demand from new and existing customers for Hyperion’s community banking and mortgage services in both the Philadelphia and Atlanta markets.

“We achieved exceptional loan growth which increased by 34% year over year,” he says. “Our deposit growth was even stronger, increasing by 46% since the first quarter of 2022. These and other factors all contributed to our revenues increasing by 59% compared to the same period a year ago. Especially during recent banking tumult, the security that comes with smaller banks like ours was and continues to be affirmed.” 

The 16-year-old bank expanded to the Atlanta market in 2019 and in 2020 launched joint venture Hyperion Mortgage, which now does business in Alabama, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, South Carolina and Tennessee.

Founded in 2006, Hyperion is a full-service community bank, connecting with customers via technology and highly accessible, experienced, enthusiastic bankers who have local decision-making authority. The bank offers a full range of SBA and non-SBA lending products. Member FDIC. Equal Housing Lender. Offer of credit is subject to approval.