Highpoint Community Bank

What Highpoint Community Bank does

Highpoint Community Bank is a Michigan state-chartered, FDIC-insured community bank founded in 1886 and headquartered in Hastings, Michigan, operating through 7 full-service branches, 2 drive-up/Interactive Teller Machine locations, and a loan production office across West Michigan. The bank is a wholly-owned subsidiary of HCB Financial Corp. (OTCPK: HCBN), which entered into a definitive merger agreement in March 2026 to be acquired by Independent Bank Corporation (NASDAQ: IBCP) in a transaction valued at approximately $70.2 million, expected to close in Q3 2026 pending satisfaction of remaining closing conditions. As of December 31, 2025, HCB reported approximately $590 million in total assets, $532 million in total deposits (with a 1.50% cost of deposits and 67% loan-to-deposit ratio), and $354 million in total loans, with a customer-funded model emphasizing low-cost core deposits and local lending decisions.

The bank's product platform spans personal banking (checking tiers including a High Yield Checking paying up to 4.00% APY, savings, vehicle, mortgage and HELOC lending, personal loans, wealth management, and HSAs) and a full business-banking suite (Essential/Edge/Elite Checking with transaction-based pricing, business savings, commercial real estate loans, SBA loans, working-capital and equipment financing, sweep services, and merchant processing through MPACT and Autobooks integrations). Supporting technology includes iOS and Android mobile apps with card-controls, mobile remote deposit, and the HCB Money Manager tool, plus digital wallets (Apple Pay, Google Pay, Samsung Pay) and an Education Center launched in December 2025.

HCB earns revenue primarily through net interest income on its loan portfolio (auto, mortgage, commercial real estate, SBA, working capital, personal) against a low-cost deposit base, supplemented by transaction-based fee income (per-item charges on business checking, debit interchange, wire and merchant-processing fees) and subscription-style wealth-management and investment-advisory fees. Go-to-market is community-led with a Business Advantage Program that drives acquisition through employer partnerships, supported by seven physical branches, digital channels, and community events that reinforce the relationship-banking positioning. Specialized verticals include cannabis-related business banking, municipal public-funds banking, and the KickStart to Career financial-literacy partnership with Barry County Schools and the Barry Community Foundation.

Name

Highpoint Community Bank

Legal name

Highpoint Community Bank

Website

https://highpointcommunitybank.com

Company type

Private

Founded year

1886

Operating status

Operating

Headcount range

101–250 employees

Short description

Highpoint Community Bank is a Michigan state-chartered, FDIC-insured community bank founded in 1886 and headquartered in Hastings, serving individual consumers, small-to-mid-sized businesses, municipalities, and cannabis-related businesses across West Michigan via seven branches, mobile/online banking, and a full suite of deposit, lending, and wealth-management products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Retail deposit accounts
• Commercial lending solutions
• Mortgage and home equity
• Small business banking

Headquarters

HQ city

Hastings

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income earned on the loan portfolio (auto loans, home loans, personal loans, commercial real estate loans, SBA loans, HELOCs) minus interest paid on deposits. This is the primary revenue driver for the community bank, supported by a low-cost deposit base with a 67% loan-to-deposit ratio and total deposits of approximately $532 million.
2. Non-Interest Income: Fee income from deposit account service charges (e.g., paper statement fees, item fees on business checking), debit card transaction fees, merchant processing services, wire transfer fees, and other banking service charges. Business checking accounts have tiered free item allowances with per-item fees above thresholds.
3. Wealth Management / Investment Services: Revenue from investment and wealth management services offered to personal banking customers, including financial planning and investment advisory services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Highpoint Community Bank is a Michigan-based community bank founded in 1886 that offers consumer and business banking products and services through 7 branch locations across West Michigan. Its core offerings include personal checking, savings, and time deposit accounts (CDs), consumer loans (auto, mortgage, home equity, personal, college funding), wealth management, and business banking services such as tiered business checking, commercial real estate loans, SBA loans, working capital financing, merchant card processing, online invoicing, and digital banking platforms (mobile app, online banking, business eBanking).

Product overview

Highpoint Community Bank offers a comprehensive community banking platform serving both personal and business customers in Michigan. The product portfolio includes personal checking and savings accounts (Free Checking, Advantage Checking, High Yield Checking, Smart Start Savings, High Yield Savings), vehicle loans, home mortgages (30-year and 15-year fixed), home equity loans and HELOCs, personal loans, and college funding through College Ave partnership. For business customers, the bank provides three-tiered checking accounts (Essential, Edge, Elite Checking), business savings accounts, CDs, commercial real estate loans, SBA loans, and working capital financing. Digital banking services include mobile app with card controls, bill pay, HCB Money Manager for expense tracking, and online business banking with ACH services. Additional offerings include merchant processing (MPACT), sweep services, HSAs, GAP insurance, and an Education Center providing financial literacy resources. The bank operates 7 branch locations in Michigan and is currently undergoing acquisition by Independent Bank Corporation expected to close in Q3 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts including Free Checking, Advantage Checking, High Yield Checking (earning up to 4.00% APY), Health Savings Account, and Teen Checking for different life stages and consumer needs.
• Personal Savings Personal savings accounts including Smart Start Savings, Statement Savings, and High Yield Savings designed to help personal banking customers reach their savings goals.
• Vehicle Loans Auto loans for purchasing vehicles with rates as low as 5.31% APR for 2024 and newer models, up to 84-month terms.
• Home Loans Mortgage and home financing products including 30-year and 15-year fixed mortgages, home equity loans, and HELOCs for purchasing or refinancing homes.
• Personal Loans Flexible unsecured personal loans and personal lines of credit for consumer needs including debt consolidation, major purchases, or unexpected expenses.
• College Funding Education financing options including partnerships with College Ave for private student loans, providing clear information about interest rates and repayment terms for students and families.
• Wealth Management Wealth management and financial planning services to help personal banking customers grow and protect their assets, including investment advisory services.
• Digital Banking Mobile and online banking platform offering account access, bill pay, card controls, money manager, alerts, and secure in-app chat support for personal customers.
• Card Options Debit and credit card products including business and personal cards with features like mobile wallet integration, card controls, and fraud protection.
• Essential Checking Basic business checking with no monthly service charge and flexibility for daily transactions; includes 150 free items per month and $0.25 per item above the threshold.
• Edge Checking Business checking for growing businesses with higher balances and frequent transactions; includes 500 free items per month and credits on average balance to offset fees.
• Elite Checking Premium business checking for businesses maintaining higher balances with tiered interest rates and no monthly service charge with $10,000 average balance.
• Business Savings Basic business savings account with $100 minimum to open and $3 monthly service charge if balance falls below $200.
• Business High Yield Savings Business savings account with higher yields and $10 monthly charge if balance falls below $5,000.
• Certificate of Deposit (CDs) Time deposit certificates (CDs) with terms from 90 days to 5 years, $500 minimum opening deposit, and guaranteed returns for fixed periods at rates ranging 2.75% to 3.75% APY as of June 27, 2026.
• Municipal Solutions Banking services designed for municipalities and government entities including specialized account features and expertise in handling public funds.
• Cannabis Related Business Banking Specialized banking solutions for cannabis-related businesses operating in legal markets, addressing an underserved segment often declined by mainstream banks.
• Commercial Real Estate Loans Commercial real estate financing for owner-occupied properties, acquisitions, refinancing, and construction/development projects.
• Working Capital & Equipment Loans Business lines of credit and equipment financing to support operational needs and capital investments.
• SBA Loans Small Business Administration loan programs with unique advantages to help businesses finance growth and operations.
• Capital Access Program (CAP) Michigan Capital Access Program providing a smarter path to business financing strengthened by state program benefits.
• Business eBanking Online business banking platform with ACH origination, account management, and business cash management tools.
• Receivables Solutions Business receivables management including Autobooks for online invoicing and payment collection.
• Payables Solutions Business payables management including payment processing and bill pay services.
• Merchant Processing (MPACT) Payment processing services for businesses to accept card payments in-person and online through the bank's MPACT merchant processing solution.

Quantifiable outcome

• Combined entity will have approximately $6.1 billion in total assets, $5.3 billion in total deposits, and $4.7 billion in total loans following merger close.
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature8 records

Partnerships

Five partnerships are on record, tiered minor and core.

• College Ave Student LoansminorGTM or Marketing PartnerReferral partnership for private student loans. HCB refers students/families to College Ave for private student loan financing. HCB is not the lender, underwriter, or servicer — College Ave handles credit evaluation, loan terms, and servicing. Terms and eligibility reviewed by borrower.
• Dickinson Wright PLLCcoreImplementation/ SI/ Consulting PartnerServed as legal counsel for HCB Financial Corp. in connection with the definitive merger agreement with Independent Bank Corporation. Advised on transaction structure, regulatory filings, and closing conditions.
• Varnum LLPcoreImplementation/ SI/ Consulting PartnerServed as legal counsel for Independent Bank Corporation in the acquisition of HCB Financial Corp. and Highpoint Community Bank.
• Barry Community FoundationminorStrategic or Co-development PartnerPartnership through the KickStart to Career program, where every kindergarten student in Barry County receives a savings account with $50, designed to promote early financial literacy and saving habits for college or career training expenses.
• Barry County SchoolsminorStrategic or Co-development PartnerPartner in the KickStart to Career program alongside the Barry Community Foundation, providing every kindergartner in Barry County with a $50 savings account to encourage early saving habits.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• JPMorgan Chase: National banking giant with major presence in Michigan, competing for deposits, mortgages, and small business banking. Represents the large-bank competitive threat that HCB's community positioning aims to differentiate against.
• Independent Bank Corporation: The acquirer of HCB in the pending merger, Independent Bank is a Grand Rapids-based bank holding company with ~$5.5B in assets. It directly serves overlapping West Michigan markets with a similar community banking model but at meaningfully larger scale, making it the closest direct comparable and the entity absorbing HCB's franchise.
• Fifth Third Bank: Large regional bank with major presence in West Michigan, including Grand Rapids. Competes with HCB across consumer, mortgage, and commercial banking lines, but at far greater scale and with broader product capabilities.
• Huntington National Bank: Large regional bank with significant Michigan branch presence. Competes with HCB for deposits, small business banking, and consumer lending across the West Michigan market, though with much broader capabilities and product set.

Direct peers

• First National Bank of Michigan: Michigan-based community bank with similar retail and small business focus. Comparable in scale and operates with a community banking model targeting similar customer segments in Michigan markets.
• Mercantile Bank Corporation: Grand Rapids-headquartered Michigan community bank with similar deposit gathering, business lending, and commercial real estate focus. Comparable asset size tier and overlap in West Michigan markets make it a strong direct peer for HCB.
• Chelsea State Bank: Michigan community bank of similar size and community-oriented model, focused on retail and small business banking in its local market. Comparable asset size, deposit-funded balance sheet, and personal service model.
• Lake Michigan Credit Union: Michigan's largest credit union, headquartered in Grand Rapids with statewide branch network. Competes directly with HCB in West Michigan for retail deposits, mortgages, and consumer lending, with similar community-focused positioning.

Regional players

• Range Bank: Northern Michigan community bank with similar size and community-driven model. Comparable in scale, but its primary footprint is in northern Michigan rather than the West Michigan corridor HCB serves, making it a regional comparable rather than direct competitor.
• Michigan State University Federal Credit Union: Large Michigan-based credit union competing for retail deposits, mortgages, and consumer banking across the state, with overlapping geographic reach in mid-Michigan. A scaled credit union peer that competes for similar consumer and SMB segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/highpointcommunitybank
• LinkedInlinkedin.com/company/highpoint-community-bank
• Instagraminstagram.com/highpointcommunitybank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Highpoint Community Bank