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Aug 25, 2016 2:40 PM ET

Archived: Hyperion Bank is a retail and commercial bank located in the promising Northern Liberties neighborhood of Philadelphia

iCrowdNewswire - Aug 25, 2016

Hyperion Bank Logo

Hyperion Bank

Philadelphia, PA 19123, US
Financial Services

Hyperion Bank is a retail and commercial bank located in the promising Northern Liberties neighborhood of Philadelphia. We opened for business in 2006 and are located at 199 W. Girard Avenue in a beautiful building that was given new life through an award-winning historic restoration project.

By investing in Hyperion, you’re investing in an up-and-coming community that is primed for penetration and expansion with strong loan and deposit growth potential. As the community grows, so will our business.

The successful restructuring of our expense initiatives in late 2013 resulted in profitability for the past five consecutive fiscal quarters, through March 2015. We have found a successful niche business model within our location in Northern Liberties. Your investment in us will allow us to replicate that model in one or two similar communities over the next twelve to twenty-four months.

We are offering shares at a price of $1.82 per share, which represents a discount of 28% compared to our book value per common share at March 31, 2015,

Our shares are not savings accounts or savings deposits or other debt obligations of a bank or savings association and will not be insured by the Federal Deposit Insurance Corporation (the “FDIC”) or any other government agency or otherwise. The shares are subject to investment risk, including the possible loss of your investment.

The shares are being offered pursuant to an exemption from the Securities Act of 1933. The offering of these shares has not been registered with the Securities and Exchange Commission (the “SEC”). The shares have not been approved or disapproved by the SEC, the Pennsylvania Department of Banking, the FDIC or any other federal or state agency, nor have such entities passed upon the accuracy or adequacy of the offering materials. Any representation to the contrary is unlawful. We are not making an offer to sell the shares in any state where the offer or sale is not permitted.

Products / Services

Traditional Bank Services as well as Ancillary Realty Services

Hyperion Bank is an FDIC insured institution that was formed in 2006 and was issued its state charter form the Pennsylvania Department of Banking that same year. The Bank offers both traditional and niche consumer and commercial banking services.

Traditional banking services:

Hyperion offers consumer and commercial deposit accounts depending on the customer’s needs. Customers can enjoy traditional savings, money market, holiday/vacation savings, interest bearing checking and free checking accounts.

Hyperion offers a variety of loan solutions including construction loans, commercial real estate, personal mortgages, home equity lines of credit and consumer loans. Other services include online banking, merchant credit card processing and remote deposit capture.

Niche services:

Hyperion has been successful in offering specific banking services, which have a high return on investment. These include highly profitable mortgage originations and SBA guaranteed loans.



President Executive Officer
Louis J. DeCesare, jr.

Louis J. DeCesare, Jr. was hired by the Bank as our President and Chief Executive Officer and elected to the Board of Directors in October, 2013 upon the retirement of our previous President and Chief Executive Officer. Mr. DeCesare has over 30 years of experience as a commercial banker in the Philadelphia region, having served as a bank President, Chief Operating Officer, Chief Lending Officer and Chief Credit Officer at various points in his career. Prior to his to joining the Bank, Mr. DeCesare served from 2008-2013 as Executive Vice President of VIST Bank in Wyomissing, Pennsylvania, and from 2001-2008 at Republic First Bancorp in Philadelphia where he served as the President and Chief Operating Officer. Mr. DeCesare received his B.S. and M.B.A. from LaSalle University.

Director Executive Officer
Steven B. Atlass, Chairman of the Board –

Mr. Atlass is an investor, entrepreneur, and turnaround expert who purchases financially distressed businesses and real estate properties, restructuring them to drive improved profitability. He has been a Director of Hyperion Bank since 2006. From 2006 to 2010, and since September 2013, Mr. Atlass has served as the Chairman of the Board of Directors. Mr. Atlass is a Member of the Board of Directors of the Abramson Family Cancer Research Institute and has been Chairman/Vice-Chairman and Member of the Abramson Cancer Center Development Council at the University of Pennsylvania. He is also a Fellow of the College of Physicians of Philadelphia.

Mr. Atlass has a B.S. from Elmira College, has two children, and has also been a pilot since 1972 with a commercial rating.


Prior Year RevenueCurrent Year RevenueNext Year Revenue


Company AgeEmployeesSub-Industry
9 years, 9 months21Other Financial Services


Company TypeStock ExchangeStock Symbol
Contact Information:

Steven B. Atlass, Chairman of the Board

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