Hickory Point Bank And Trust

What Hickory Point Bank And Trust does

Hickory Point Bank & Trust is a privately held community bank headquartered in Decatur, Illinois, operating under holding company First Illinois Corporation since 2011, when it was repurchased from Archer-Daniels-Midland Company. Founded in 1979, the bank serves Central Illinois through nine branch locations across Decatur, Springfield, Champaign, Forsyth, and Mt. Zion, with approximately $648 million in total assets and a headcount of 101–250 employees. Its customer base spans individual consumers, small-to-large businesses, agricultural operators, and wealth management clients, with a full-service retail and commercial banking platform under FDIC and Equal Housing Lender compliance.

The bank's product portfolio is organized across three pillars: Consumer Banking (checking, savings, CDs, credit/debit cards, mortgages, a specialized Physician Home Loan Program, home equity loans, and consumer lending); Commercial & Business Banking (business checking, commercial lending with over $1 billion in commitments originated since 2001, and treasury management services including ACH, Positive Pay, lockbox, remote deposit capture, sweep accounts, and merchant services); and Wealth & Ag Services (trust services, asset management, brokerage, stock transfer, and agricultural services through the First Illinois Ag Group division). Its digital infrastructure is built on Fiserv's platform, powering the HPB Mobile app with mobile deposit, bill pay, Zelle, and Apple/Google/Samsung Pay support, supplemented by the MoneyPass ATM network providing access to 20,000+ surcharge-free ATMs.

Revenue is generated primarily through net interest income from residential and commercial lending, supplemented by deposit service charges, treasury management fees, credit card interchange via the Elan Financial Services partnership, wealth management advisory fees, and agricultural services revenue. The go-to-market combines traditional relationship-based branch banking with digital self-service channels, targeting local Central Illinois markets where the bank competes on personalized service and local decision-making authority rather than scale.

Name

Hickory Point Bank And Trust

Legal name

Hickory Point Bank & Trust

Website

https://hickorypointbank.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Hickory Point Bank & Trust is a privately held community bank headquartered in Decatur, Illinois, serving Central Illinois through nine branches. It offers consumer, commercial, wealth management, and agricultural banking products to individuals, businesses, and farmers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036), State Commercial Banks (6022)

akta.pro primary industry

Treasury & Liquidity Operations (Cash Positioning, Funding, Collateral Ops) (FSABALAH)

akta.pro secondary industries

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF), Reconciliations, Controls & Financial Operations (GL, Nostro/Vostro, Suspense) (FSABALAI), Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Community banking services
• Commercial lending
• Wealth management services
• Agricultural financial services
• Treasury management solutions

Headquarters

HQ city

Decatur

HQ country

United States

HQ region

North America

Offices6 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. Interest Income from Loans: Primary revenue stream from residential mortgages, commercial loans, auto loans, home equity lines, and personal loans. Competitive fixed and variable rate products offered.
2. Deposit Services: Revenue from checking, savings, and money market accounts. Includes service charges, overdraft fees, and monthly maintenance fees for certain account types.
3. Commercial Banking & Treasury Services: Business checking, commercial credit facilities, merchant services, ACH processing, wire transfers, lock box services, and sweep accounts for business customers.
4. Wealth Management & Trust Services: Asset management, brokerage services, investment advisory, IRA accounts, and trust services including stock transfer services.
5. Credit Card Income: Credit card services provided through Elan Financial Services partnership, generating interchange revenue and annual fees.
6. Agricultural Services: Farm management, brokerage, appraisals, and land sale services through First Illinois Ag Group division.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

Hickory Point Bank & Trust is a locally owned community bank delivering consumer and commercial banking products and services across Central Illinois through nine branch locations and digital channels. Core offerings include personal checking, savings, CDs, debit and credit cards, mortgages, HELOCs, and personal loans; commercial lending including term loans, lines of credit, construction loans, and commercial mortgages; treasury management services for business cash flow and fraud protection; and wealth management plus agricultural services through First Illinois Ag Group.

Product overview

Hickory Point Bank & Trust operates as a locally owned community bank serving Central Illinois with nine branches in Decatur, Springfield, and Champaign. Its product portfolio spans personal and business banking organized into three core pillars: (1) Consumer Banking — checking, savings, CDs, credit/debit/gift cards, digital banking (online, mobile, Zelle, digital wallet, mobile deposit, paperless statements), and consumer lending (mortgages including a Physician Home Loan Program, home equity loans/HELOCs, personal loans, auto/recreational loans, and a Ready Reserve line of credit); (2) Commercial & Business Banking — business checking, commercial lending (term loans, lines of credit, construction, commercial mortgages), and Treasury Management services (ACH, Positive Pay, fraud mitigation, lockbox, merchant services, remote deposit capture, sweep accounts, zero balance accounts); and (3) Wealth & Ag Services — trust services, asset management, investment advisory, brokerage, stock transfer, IRAs, and agricultural services (farm brokerage, appraisals, and management) through its First Illinois Ag Group division. Additional offerings include Safe Deposit Boxes, foreign currency exchange, Visa gift cards, Round Up savings, and the HPB Leadership Program for early-career development. The bank is an FDIC member and Equal Housing Lender with approximately $648 million in total assets.

Differentiator

Problem solved

Functional benefit

Brands

• HPB Mobile: Mobile banking application for personal and business accounts
• First Illinois Ag Group
• HPB Leadership Program

Products and services

• Personal Checking Accounts Personal checking accounts for everyday banking, including Classic Checking, Ambassador Club Checking (interest-bearing for customers 50+ with half-off cashier's checks and money orders), and Student Checking for ages 11-17 and 18+, with features such as unlimited check writing, online/mobile banking, Zelle, paperless statements, and debit cards.
• Personal Savings & CDs Savings accounts and Certificates of Deposit (CDs) providing stable rates for extended periods, financial cushions, and interest-earning access to funds for personal banking customers.
• Credit Cards Personal and business credit cards issued by Elan Financial Services under Visa and Mastercard licenses, offering cash, merchandising, or travel rewards with low rates and flexible terms and zero fraud liability protection.
• Debit Cards EMV/chip debit cards accepted anywhere Mastercard is accepted, usable at HPB ATMs and the MoneyPass surcharge-free ATM network, with card management app controls.
• Online and Mobile Banking 24/7 digital banking via web and HPB Mobile app (iOS/Android, Fiserv-powered) providing account access, transfers, bill pay, statements, mobile check deposit, card management, and Zelle peer-to-peer payments.
• Home Mortgage Loans Mortgage lending for home purchases and refinancing delivered through professionally trained mortgage advisors in Decatur, Springfield, and Champaign, with flexible, competitive-rate loans tailored to borrower needs.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity, allowing homeowners to access funds as needed for renovations, debt consolidation, education, or emergencies.
• Business Checking Accounts Business checking accounts with features for managing cash flow, paying bills, and accessing business accounts online and via mobile.
• Commercial Lending Business term loans, lines of credit, construction loans, and commercial mortgage loans supporting working capital, equipment purchases, real estate acquisition, and business acquisitions across Central Illinois; over $1 billion in commercial credit commitments originated since 2001.
• Treasury Management Suite of business banking services including ACH Manager, Positive Pay, Fraud Mitigation, LockBox Processing, Merchant Accounts, Remote Deposit Capture, Sweep Accounts, Zero Balance Accounts, and Business Bill Pay.
• Trust & Wealth Management Comprehensive wealth management including trust services, asset management, investment advisory, brokerage services, employee retirement benefit plans, individual retirement accounts, and stock transfer services for individuals, families, and corporate issuers.
• Agricultural Services (First Illinois Ag Group) Agricultural services delivered through the First Illinois Ag Group division — including farm brokerage, farm land sales, farm and land appraisals, and farm management — by licensed Illinois Real Estate Brokers and State Certified General Appraisers.
• Business Savings, CDs & CDARS Business savings accounts, certificates of deposit, and CDARS (Certificate of Deposit Account Registry Service) products for business clients seeking insured deposits and yield on operating cash.
• Business Credit Cards Business credit cards issued for commercial customers under the bank's card program, supporting working-capital and expense-management needs.
• Visa Gift Cards Prepaid Visa gift cards available in amounts from $10 to $1,000 with a $4 per card fee, with bulk orders available at branches.
• Safe Deposit Boxes Secure storage for valuables and important documents at bank branch locations.
• Foreign Currency Exchange Foreign currency exchange services for international travel and business needs.
• Personal Loans Personal installment loans provided to consumer banking customers for a range of personal borrowing needs.
• Auto & Recreational Loans Auto loans and recreational vehicle loans for consumer borrowers.
• Ready Reserve Line of Credit Ready Reserve revolving line of credit product for consumer customers as a flexible personal-credit facility.
• Business Term Loans Business term loans supporting working capital, equipment purchases, acquisitions, and growth.
• Commercial Mortgage Loans Commercial mortgage loans for owner-occupied and investment commercial real estate.
• Construction Loans Construction loans for commercial developments and commercial construction projects.
• Commercial Lines of Credit Commercial revolving lines of credit for working-capital and short-term financing needs.
• Commercial Letters of Credit Commercial letters of credit supporting business trade and supplier-payment obligations.
• Merchant Accounts Merchant accounts and card-processing services for business customers accepting electronic payments, delivered as part of the Treasury Management suite.
• Fraud Mitigation Services Positive Pay, ACH Positive Pay, and broader fraud mitigation services providing secure networks for processing direct deposits, transfers, and business payments with fraud protection tools.
• LockBox Processing Lockbox processing for business receivables collection, supporting accelerated cash application and treasury workflows.
• Check Reordering Service Check reordering service available through Deluxe (deluxe-check-order.com for personal; Deluxe.com for business) for HPB account holders.

Quantifiable outcome

• $648 million total asset value
• +1 more outcomes

Named customers3 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

Integration3 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services is the creditor and issuer of credit cards offered through Hickory Point Bank, providing Visa and Mastercard products with zero fraud liability protection.
• FiservcoreTechnology or IntegrationFiserv powers the HPB Mobile banking application, enabling real-time account access, mobile deposits, transfers, bill payment, and card management features for customers.
• MoneyPasscoreTechnology or IntegrationMoneyPass network provides HPB customers access to over 20,000 surcharge-free ATMs nationwide, enhancing customer convenience and reducing banking costs.
• First Illinois Ag GroupcoreStrategic or Co-development PartnerAgricultural services division acquired from Union Planters Bank in 2001, providing farm management, brokerage, appraisals, and land sale services. All managers are licensed State of Illinois Real Estate Brokers and some are State Certified General Appraisers.
• Mastercard InternationalcoreTechnology or IntegrationLicensor for Mastercard-branded debit and credit cards offered through the bank, enabling worldwide acceptance at merchant locations.
• Visa U.S.A. Inc.coreTechnology or IntegrationLicensor for Visa-branded debit and credit cards offered through the bank, enabling worldwide acceptance at merchant locations.

Scale indicators4 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Stifel Financial: National wealth management and investment bank offering advisory, brokerage, and trust services. Comparable to HPB's wealth management and trust business but operates at a vastly larger scale and does not focus on community banking.
• JPMorgan Chase: National commercial bank with a significant Central Illinois retail and commercial presence. Competes with HPB for consumer deposits, mortgages, and small business banking but does not focus on the local decision-making, ag, or community niche.

Direct peers

• Busey Bank: Illinois-headquartered super-community bank offering consumer, commercial, and wealth management services across multiple Illinois markets. Highly comparable in product set (deposits, commercial lending, treasury, trust) and directly overlapping in Central Illinois geography.
• CEFCU (Citizens Equity First Credit Union): Central Illinois-headquartered credit union serving Peoria, Bloomington, and surrounding markets. Comparable in community-focused consumer and business banking, with overlapping Central Illinois footprint.
• Heartland Bank and Trust Company: Central Illinois community bank (Bloomington-based) offering personal, business, agricultural, and mortgage lending. Direct peer in terms of community banking model and Central Illinois geographic focus.
• Illini Bank: Central Illinois community bank serving Champaign and surrounding counties. Directly comparable in scale, local ownership model, and community banking focus, with overlap in the Champaign market.
• INB (Illinois National Bank): Springfield, Illinois-based community bank providing personal banking, business banking, and wealth management. Directly comparable in product set and overlap in the Springfield market.
• Farm Credit Illinois: Central Illinois agricultural lending cooperative serving farmers and agribusinesses. Comparable to HPB's First Illinois Ag Group in ag-focused lending and farm services, representing the primary competition in the ag niche.
• First Mid Bank & Trust: Mid-Illinois community bank (Mattoon-based) providing consumer, commercial, mortgage, and wealth management services. Closely comparable in scale, product mix, and community banking model, with overlap in Central Illinois markets.

Regional players

• Country Financial: Central Illinois-headquartered insurance and financial services company (Bloomington, IL). Comparable in regional Central Illinois presence and complementary product set (wealth, insurance, banking) but operates primarily in insurance rather than depository banking.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hickory-point-bank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles30 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 Hickory Point Bank And Trust