Hyperion Bank is headquartered in Philadelphia and is the 105th largest bank in the state of Pennsylvania. It is also the 2,619th largest bank in the nation. It was established in 2006 and as of March of 2022, it had grown to 35 employees at 2 locations. Hyperion Bank has an A health rating.
Called them on the phone to get some info and it turned me away. First the person I spoke to seemed impatient as if they didn't want to deal with my questions about statements, funding, etc.
Seems to me they don't really want non-local people to buy CDs online. They do not accept ACH transfers for funding and told me "we won't open a CD or quote rates until we have the funds in hand".
I didn't even get into more questions because of the attitude of the CSR and lack of the usual easy way to find an account. Might be an OK bank, but not for me.
First let me write something positive about Hyperion Bank. When I called in, a real live, presumable native English speaking CSR (customer service representative) answered the phone on the second to third ring. That is something rare.
Earlier this year I applied for membership to Hyperion Bank. As you would expect the online application involved including very personal information like, name, address, SSN, birthday Mother's maiden name, drivers license number etc.
I applied late at night and my application was rejected by email under 8 hours later. No reason given. I called the next day to inquire why.
I was told by the CSR that I did not meet some criteria that a small bank like Hyperion needed to accept new applicants. What that criteria is.... I don't have a clue.
I have an over 800 credit score so that could not be the issue. Besides my credit reports were frozen at the big three credit reporting agencies so Hyperion bank could not run a credit report if they wanted.
Maybe they have a minimum income requirements... I but don't recall being asked my income on Hyperion Bank's online application.
Maybe they want locals only. Then Hyperion should stop the application once my address is deemed not local
Hyperion should be transparent about what their criteria is for applying for membership with their bank. I wasted my time applying to Hyperion because of some "secret criteria" I did not meet.
In the end I can help but wonder if I was illegally discriminated against.
Overall | |
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FDIC Certificate # | 58371 |
Year Established | 2006 |
Employees | 35 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.82% |
Return on Equity - YTD | 6.62% |
Annual Interest Income | $3.1MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $277.9MM$255.9MM |
Loans | Q1 2022vs Q1 2021 | $233.4MM$212.0MM |
Deposits | Q1 2022vs Q1 2021 | $206.0MM$188.2MM |
Equity Capital | Q1 2022vs Q1 2021 | $34.7MM$22.8MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $2.7MM$2.3MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $2.6MM$2.2MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Hyperion Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.25% | - | - | Statement Savings | |
0.25% | - | - | HyperSaver Kids | |
0.25% | - | - | IRA Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.30%* | $3m* | $10m | Consumer Money Market | ||
OTHER TIERS: 0.25% → Any amount | |||||
0.30%* | $3m* | $10m | Business Money Market | ||
OTHER TIERS: 0.25% → Any amount |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.30% | $500 | - | IOLTA | |
0.20% | - | - | Business Interest Checking | |
0.20% | $10k | - | HyperFree Checking |
Hyperion Bank Locations | ||
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Hyperion Bank | 199 W Girard Ave | Philadelphia, PA 19123 |
Atlanta Branch Office | 3525 Piedmont Rd Ne | Atlanta, GA 30305 |