Hilltop National Bank

What Hilltop National Bank does

Hilltop National Bank (HNB) is a privately held Wyoming community bank, founded July 22, 1964 in Casper, Wyoming, and 100% locally owned by the True family. It serves consumer, small-business, and wealth-management customers through five full-service branch locations (Casper, Glenrock, Cheyenne with two offices including the 2025 Cheyenne Prairie Office, and Gillette) supported by 13 ATM sites across the state. Its product portfolio spans personal banking (checking, savings, mortgage, and consumer credit cards), business banking (commercial loans and Treasury services), trust and wealth management, and an unusually broad set of Human Resources administration services (payroll, cafeteria plans, HRA/HSA, COBRA) targeted at Wyoming employers.

Underlying technology is built on a standard core banking platform augmented through third-party integrations rather than proprietary systems. Card processing is delivered via BASYS Processing, credit card issuance through Elan Financial Services, FDIC-sweep treasury solutions through Promontory, mortgage origination through Ellie Mae, peer-to-peer payments via Zelle, and surcharge-free ATM access through MoneyPass. These integrations extend the bank's product surface without requiring in-house engineering at community-bank scale.

Revenue mechanics are split across net interest income (deposit gathering and lending in the Wyoming market), fee income from the Trust and Wealth Management department (chartered 1984, currently managing over $1.4 billion in assets), and service fees from merchant processing and HR administration. Customer acquisition is driven primarily by the physical branch and ATM network, family-ownership continuity, and community-facing programs such as Lemonade Day sponsorship. Pricing is tiered on subscription-style consumer account packages, with relationship-based pricing on commercial and wealth accounts. HNB operates in a regulated FDIC-insured national bank charter and competes principally with regional and national banks operating in Wyoming, rather than with fintech challengers directly.

Name

Hilltop National Bank

Legal name

Hilltop National Bank

Website

https://hilltop.bank

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

Hilltop National Bank is a privately held Wyoming community bank founded in 1964, operating five branches and 13 ATMs to provide personal banking, business banking, trust and wealth management, and HR services to Wyoming consumers, businesses, and employers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)

Keywords

• Community banking
• Commercial lending
• Wealth management
• Mortgage loans
• Treasury services

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue from interest earned on personal and commercial loans including mortgages, auto loans, business loans, and credit cards. Loans include conventional, FHA, VA, WCDA, agricultural, construction, SBA guaranteed, commercial real estate, and personal loans.
2. Deposit Account Fees and Service Charges: Monthly service fees on checking and savings accounts, analysis fees on business accounts, ATM fees, wire transfer fees, and overdraft fees.
3. Wealth Management and Trust Services: Fees from investment management, trust administration, estate settlement, and retirement plan services. Department manages over $1.4 billion in assets.
4. Payroll Processing Services: Comprehensive payroll processing for businesses including payroll calculations, tax reporting, and direct deposit services.
5. Cafeteria Plan Administration: Section 125 Cafeteria Plan administration including Flexible Spending Accounts and insurance premium processing.
6. Credit Card Processing: Merchant services revenue through BASYS Processing partnership for credit and debit card processing.
7. Lockbox Services: Remittance processing services for businesses to process payments received by mail.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Hilltop National Bank is a Wyoming-based community bank that provides personal and business banking products and services, including deposit accounts, consumer and commercial loans, mortgages, credit cards, treasury management, merchant card processing, and trust and wealth management services. It operates 5 branch locations and 13 ATM sites across Wyoming with local decision-making authority, and offers online and mobile banking channels.

Product overview

Hilltop National Bank offers a comprehensive suite of banking products organized across Personal Banking, Business Banking, Treasury Services, Human Resources, Trust and Wealth Management, and Digital Banking. The core banking platform includes checking and savings accounts, loans (personal, mortgage, and commercial), and credit cards. Treasury Services provides business-focused solutions including online banking, merchant services, lockbox, and fraud prevention tools. Human Resources offerings encompass payroll processing, cafeteria plans, and health benefit accounts (HRA/HSA). Trust and Wealth Management, managing over $1.4 billion in assets, delivers investment management, retirement planning, and estate administration services. Digital Banking capabilities include online and mobile banking with Zelle integration, mobile deposit, and account alerts. The bank's products integrate with third-party platforms including BASYS Processing for merchant services, Ellie Mae for mortgage origination, Elan Financial Services for credit cards, and Promontory for FDIC-insured cash sweep services.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts
• Personal Savings Accounts
• Certificates of Deposit
• Health Savings Accounts
• Personal Loans
• Mortgage Loans
• Personal Credit Cards
• Business Checking Accounts
• Business Loans and Lines of Credit
• Lease Financing
• Business Credit Cards
• Credit Card Processing / Merchant Services
• Lockbox Services
• Treasury Management Services
• Positive Pay
• Payroll Processing (Hilltop Business Solutions)
• Cafeteria Plans (Section 125)
• Health Reimbursement Arrangements (HRAs)
• Employer-Sponsored Retirement Plans
• Traditional, SEP, and Roth IRAs
• Investment Management and Trust Services
• Online Wealth Management (HB Total Wealth)
• Safe Deposit Boxes

Quantifiable outcome

• Trust and Wealth Management Department grown to over $1.4 billion in assets over 40+ years

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• BASYS ProcessingcoreTechnology or IntegrationHilltop Bank partnered with BASYS Processing to offer credit card processing services to business clients. The partnership provides dedicated account management, PCI compliance support, online reporting, acceptance of all major card brands, and competitive rates. Solutions include terminals with EMV chip technology, mobile processing, virtual terminal, e-commerce, and POS systems.
• David Street StationminorOthersCommunity sponsorship and support for David Street Station, a community event space in Casper, Wyoming.
• Lemonade Day - CasperminorOthersAnnual sponsor of Lemonade Day Casper, a national entrepreneurship education program teaching kids to start and operate lemonade stands. Hilltop Bank staff creates educational videos breaking down keys to success for participants.
• Lemonade Day NationalminorOthersAffiliation with the national Lemonade Day program organization for curriculum and program support in Casper, Wyoming.
• PromontorycoreTechnology or IntegrationProvides Insured Cash Sweeps (ICS) and Certificate of Deposit Account Registry Services (CDARS) enabling multi-million dollar FDIC Insurance on funds while dealing directly with Hilltop Bank. Allows businesses to access FDIC coverage beyond standard limits.
• WCDA (Wyoming Community Development Authority)coreStrategic or Co-development PartnerPartnership to offer WCDA mortgage loans assisting low-to-moderate income buyers with low-interest rate financing and down payment assistance programs. Available for both first-time and non-first-time homebuyers in Casper, WY.
• Elan Financial ServicescoreTechnology or IntegrationProvider of business and personal credit cards issued through Hilltop Bank. Elan provides zero fraud liability, online expense reporting tools, no fee for additional employee cards, and 24/7 cardmember service.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Glacier Bancorp: Montana-based community banking franchise with multiple bank charters across the western U.S., including Wyoming. Operates a similar community banking model but at materially larger scale, with diversified community bank subsidiaries across multiple states.
• U.S. Bank: National bank with Wyoming presence providing personal, business, wealth, and treasury services. Comparable product set at massive scale — represents the competitive incumbent Hilltop must differentiate against through local service and relationships.
• Pinnacle Bank: Nebraska-headquartered regional bank with multi-state presence including Wyoming. Comparable in core community/commercial banking services and SMB focus, but with substantially larger scale and broader geographic footprint.
• Wells Fargo: National bank with Wyoming branch presence offering the full suite of personal, business, mortgage, and wealth services. Represents the scaled incumbent competing for the same Wyoming customers with greater product breadth and digital capabilities, even if without Hilltop's local relationship focus.
• First Interstate Bank: Montana-headquartered regional bank with significant Wyoming presence and broader western U.S. footprint. Comparable in Wyoming market and core banking products, but operates at meaningfully greater scale with more diversified geographic exposure.
• Sunflower Bank: Texas-based regional bank with western U.S. presence offering commercial banking, treasury services, and wealth management. Comparable in product breadth (including treasury/specialty services) but operates at significantly larger scale and geographic diversification.

Direct peers

• Wyoming Bank & Trust: Wyoming-based community bank offering personal and business banking, lending, and wealth services. Direct peer sharing the same Wyoming market, community banking orientation, and SMB / agricultural customer focus.
• Bank of Wyoming: Wyoming-based community bank serving individuals and businesses across the state. Direct peer in geographic market, customer segments, and core banking product offerings, with comparable relationship-based, locally-owned positioning.
• Jonah Bank of Wyoming: Wyoming-chartered community bank headquartered in Casper, WY — directly comparable to Hilltop in terms of geographic market (Casper/Wyoming), product offerings (personal/business banking, treasury, mortgages), and target customer base (Wyoming individuals, SMBs, and agricultural businesses).
• ANB Bank (now part of Bank of Wyoming): Wyoming-based community bank (now operating as Bank of Wyoming) offering personal and business banking, lending, and wealth services across Wyoming. Direct peer sharing the same Wyoming market, community banking model, and SMB/agricultural customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HilltopBank
• Facebookfacebook.com/hilltopbank
• LinkedInlinkedin.com/company/hilltop-national-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Hilltop National Bank