Trending...
- Malcolm Hill: The Laughter, Legacy and Determination Behind a Philly Comedy Mainstay
- A New Era Of Social Networking Is Here !
- Coach Bulinda Wright Advances To Top Five In National 'Top Host 2026 Competition'
PHILADELPHIA, May 21, 2024 ~ At the annual meeting on May 16, shareholders of Hyperion Bancshares, Inc., the holding company for Hyperion Bank, were updated on the bank's growth and progress by CEO and Chairman Charlie Crawford. As a longtime community banker, Crawford shared that 2023 was a year of significant growth for the company, with a 27% increase in their balance sheet driven by strong demand for loans and deposits.
During the meeting, Crawford also discussed the first quarter of 2024, which showed a significant increase in profitability compared to the previous year. He reported that loan growth had increased by 15% and deposits were up by 13%, resulting in total assets of $427,506,788.
Crawford also highlighted the income statement for Q1 of 2024, which showed even faster growth with revenues increasing by 38% and net income up by 69%. He noted that their book value per share had increased by $1.10 since last year due to their strong credit quality and moderate loan growth.
In addition to discussing financials, Hyperion President & COO Lou DeCesare announced that the bank had expanded its talent base in the past year with senior-level additions such as Bill Young as Vice President & Director of Technology Services, Toni Hughes as EVP & Compliance Department Manager (CRCM), and Susan Battle as Senior Vice President & Director of SBA Lending. Young brings over 25 years of IT experience to his role while Hughes has over 30 years of banking experience in various positions including credit, collections, lending, operations, and regulatory compliance. Battle has four decades' worth of experience in U.S. Small Business Administration lending.
More on The PennZone
Looking ahead to the rest of the year, Crawford stated that there will be an emphasis on increasing profitability while maintaining moderate growth and a strong focus on credit quality.
The meeting also included the re-election of eight board members: Charlie Crawford, Lou DeCesare, Jill K. Jinks, James J. McAlpin Jr., Robert N.C. Nix III, Michael J. Purcell, Lara Rhame, and Gretchen M. Santamour. These members will continue to serve on the board for another year.
Hyperion Bank, which was founded in 2006, has expanded its reach to the Atlanta market in 2019 and launched a joint venture called Hyperion Mortgage in 2020. This venture now operates in Alabama, Florida, Georgia, New Jersey, Pennsylvania, South Carolina, and Tennessee.
As a full-service community bank with a focus on technology and accessible and experienced bankers with local decision-making authority, Hyperion offers a range of SBA and non-SBA lending products. They are also proud to be a member of the FDIC and an Equal Housing Lender. All offers of credit are subject to approval.
For media inquiries or more information about Hyperion Bank and its subsidiaries (Hyperion Mortgage and Hyperion Bancshares), please contact Drew Plant at 678-637-5532.
During the meeting, Crawford also discussed the first quarter of 2024, which showed a significant increase in profitability compared to the previous year. He reported that loan growth had increased by 15% and deposits were up by 13%, resulting in total assets of $427,506,788.
Crawford also highlighted the income statement for Q1 of 2024, which showed even faster growth with revenues increasing by 38% and net income up by 69%. He noted that their book value per share had increased by $1.10 since last year due to their strong credit quality and moderate loan growth.
In addition to discussing financials, Hyperion President & COO Lou DeCesare announced that the bank had expanded its talent base in the past year with senior-level additions such as Bill Young as Vice President & Director of Technology Services, Toni Hughes as EVP & Compliance Department Manager (CRCM), and Susan Battle as Senior Vice President & Director of SBA Lending. Young brings over 25 years of IT experience to his role while Hughes has over 30 years of banking experience in various positions including credit, collections, lending, operations, and regulatory compliance. Battle has four decades' worth of experience in U.S. Small Business Administration lending.
More on The PennZone
- The King Returns: Satirical December 2026 Rematch Sees Challenger Delayed by a Christmas Light Installation
- Veteran Antiques Expert John Swahn Releases New Book: The Truth About Antiques
- Steven Weisz of Art Imagined Photography to exhibit at ExpoMetro Florence, Italy
- Hope Survives Managing Director Jasmine Balignasay-Chavez Receives 2026 Catalyst Award
- LCH2 Awarded Additional $1 Million to Advance Lewis County Clean Energy Campus
Looking ahead to the rest of the year, Crawford stated that there will be an emphasis on increasing profitability while maintaining moderate growth and a strong focus on credit quality.
The meeting also included the re-election of eight board members: Charlie Crawford, Lou DeCesare, Jill K. Jinks, James J. McAlpin Jr., Robert N.C. Nix III, Michael J. Purcell, Lara Rhame, and Gretchen M. Santamour. These members will continue to serve on the board for another year.
Hyperion Bank, which was founded in 2006, has expanded its reach to the Atlanta market in 2019 and launched a joint venture called Hyperion Mortgage in 2020. This venture now operates in Alabama, Florida, Georgia, New Jersey, Pennsylvania, South Carolina, and Tennessee.
As a full-service community bank with a focus on technology and accessible and experienced bankers with local decision-making authority, Hyperion offers a range of SBA and non-SBA lending products. They are also proud to be a member of the FDIC and an Equal Housing Lender. All offers of credit are subject to approval.
For media inquiries or more information about Hyperion Bank and its subsidiaries (Hyperion Mortgage and Hyperion Bancshares), please contact Drew Plant at 678-637-5532.
Filed Under: Business
0 Comments
Latest on The PennZone
- New Bethany, Provident Bank, Jaindl Farms and Lehigh Valley IronPigs Unite for Turkey Drive
- Grace Montessori School Awarded $56,180 to Support Scholarships for 15 Students
- Win a $5,000 VIP Family Experience at the 100th Thanksgiving Day Parade in New York City
- CB Stuffer Announces Private Sale to Secure Future of Brand Growth
- Brother Marcus Celebrates 400th Episode of The Elements of Inspiration Podcast
- USA Dental Edge Unveils Dental Intelligence
- The Fifth Annual "Bamboo Lantern Festival" to Illuminate Tokyo Mizumachi and Sumida River Walk®
- Iglesia.com Positioned in Multimillion-Dollar Domain Market with $10 Million Asking Price
- Searching for the Next LBE Creator: CalArts Launches First-Ever D.R.E.A.M.S. Pitch Competition
- TCA VG: 2025 Funding Climbs to $9M across 43 Companies; Cumulative Returns Reach 5.3 MOIC & 22% IRR
- An AI Plays Kenshi Entirely by Itself, Live 23 Hours a Day, With an AI Host and Chat Voting
- Integris Composites Joins International Sea Power Conference Aboard HMS Prince of Wales
- Commercial Sales Launch Following FDA Approval; National Sales Force Now in Action as January Shipments and Major Market Opportunity Take Shape
- ViewDNS.info Launches Monitors, Alerting Teams the Moment Something Changes on Their Domains
- Philadelphia-Area Entrepreneur Nouho M Kanneh Builds $37 Million Net Worth Across Real Estate, E-Commerce and Retail
- Meals on Wheels of the Greater Lehigh Valley Raises Over $50,000 to Help Feed Local Seniors
- Contracting Resources Group Named a 2027 Elev8 GovCon Honoree by OrangeSlices
- Malcolm Hill: The Laughter, Legacy and Determination Behind a Philly Comedy Mainstay
- The World's No.1 Superstar® Brings Christmas Back in Grand Style with Music, Cinematic Glamour, and Luxury Fashion
- New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)