First National Bank of Hugo-Limon

What First National Bank of Hugo-Limon does

First National Bank of Hugo-Limon is a privately held, nationally chartered community bank founded in 1903 and headquartered in Hugo, Colorado. It operates three physical branches serving Hugo, Limon, and Leadville under the "First National Bank of Hugo-Limon" and "First Mountain Bank" (Leadville) brands, with 24/7 ATM access and night drop services at each location. The bank is an affiliate of First Liberty Capital Corporation, a bank holding company regulated by the Federal Reserve Bank of Kansas City, and its deposits are FDIC-insured (NMLS# 526040).

The bank delivers a traditional community-banking product suite organized around deposits, lending, and digital services. Deposit products include Regular Checking, Student/Senior Checking, Health Savings Accounts, Passbook Savings, and Certificates of Deposit (minimum $1,000), with fees structured around minimum-balance thresholds. Lending spans personal loans (vehicle, home, lot, construction, personal term), agricultural loans (operating notes, land purchase, machinery, cattle notes, FSA beginning farmer/rancher), and business loans (operating, real estate, investment property, SBA, USDA, CHFA). A mobile/online banking platform — provided by NCR/Candescent and available on iOS and Android — adds two-step authentication, biometric login, mobile deposit (up to $3,500 per check), online bill pay with a late-fee reimbursement guarantee, and credit score viewing. Wire transfers are routed through a correspondent banking relationship with Banker's Bank of the West.

The revenue model is conventional community-banking economics: primarily net interest income on the loan portfolio (personal, agricultural, and commercial), supplemented by deposit-account fees, transaction fees (overdraft, wire, stop payment, cashier's checks), and ancillary services (safe deposit box rentals, notary, ATM). Pricing is publicly disclosed and stable, with a fee schedule effective February 2023. The customer base is highly diversified across individual consumers, agricultural operations (farmers/ranchers in Colorado ranch country), and small local businesses. The bank is currently undergoing a merger with High Plains Bank, announced in January 2026, which represents a major consolidation event for the institution.

Name

First National Bank of Hugo-Limon

Legal name

The First National Bank of Hugo-Limon

Website

https://fnbhugo.com

Company type

Private

Founded year

1903

Operating status

Operating

Headcount range

11–50 employees

Short description

First National Bank of Hugo-Limon is a community bank founded in 1903 operating three branches in rural Colorado (Hugo, Limon, Leadville), offering personal, agricultural, and business loans, deposit accounts, and digital banking services to local consumers, farmers, and small businesses.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Agricultural lending
• Personal banking products
• Small business loans
• Mobile banking services

Headquarters

HQ city

Hugo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Interest earned on loans including personal loans (vehicle, home, lot, construction, personal term), agricultural loans (operating notes, land purchase, machinery, cattle notes), and business loans (operating, real estate, investment property)
2. Deposit Account Fees: Monthly service charges for accounts falling below minimum balance thresholds (e.g., $5/month for Regular Checking below $300, $2/month for HSA below $20, $5 for Passbook Savings below $50)
3. Loan-Related Fees: Overdraft fees ($25/item), return item fees ($25/item), deposit item return fees ($3/item), stop payment fees ($25/item), sweep fees ($1-3/item), account closing fees ($30 if closed before 90 days), garnishment and levy fees ($50)
4. Service Fees: Cashier's checks ($5), bank money orders ($5 up to $500), wire transfers (domestic $25, foreign $50), ATM fees for non-customers ($3), card replacement ($10), research time ($20/hour)
5. Safe Deposit Box Rental: Annual rental fees for safe deposit boxes at Hugo, Limon, and Leadville locations ranging from $20-$84 depending on size
6. Bill Pay Service: Free if one bill paid per month; $4.95 monthly service charge if no bills paid

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

First National Bank of Hugo-Limon is a full-service community bank providing deposit accounts (checking, savings, certificates of deposit), personal loans (vehicle, home, lot, construction, term), agricultural loans (operating notes, land purchase, machinery, cattle notes), and small business loans (operating, real estate, SBA/USDA/CHFA programs). The bank supplements in-person banking with digital services including online banking, a mobile banking app with mobile deposit, online bill pay, wire transfers, ATMs, and safe deposit boxes across three branches in Hugo, Limon, and Leadville, Colorado.

Product overview

First National Bank of Hugo-Limon is a community bank offering a unified suite of traditional banking products organized around deposits, lending, and digital services. The core product portfolio consists of deposit accounts (checking, savings, CDs) and loan products (personal, agricultural, business). Digital banking is delivered as an add-on module to core accounts, providing online and mobile access with features including bill pay, account transfers, and mobile deposit. Additional services include wire transfers, notary services, safe deposit boxes, and ATM/night drop access. The bank operates three locations in Colorado (Hugo, Limon, Leadville) under the main brand and First Mountain Bank sub-brand for the Leadville branch.

Differentiator

Problem solved

Functional benefit

Products and services

• Checking & Health Savings Accounts Personal checking account products including Student/Senior Checking (no monthly charge, $50 minimum opening), Regular Checking ($5 monthly fee if balance below $300), and Health Savings Accounts ($2 monthly fee if balance below $20). Includes free MasterCard Debit Card.
• Passbook Savings Accounts Interest-bearing savings accounts with quarterly or paperless statement options. Passbook Savings requires $50 minimum balance to avoid $5 monthly fee and allows 6 withdrawals per month; $1 fee per excess withdrawal.
• Certificate of Deposits (CDs) Term deposit accounts with $1,000 minimum opening deposit and 10-day grace period. Early withdrawal penalties may apply.
• First Mountain Bank Checking & Savings (Leadville) Branch-specific product line for Leadville location including E-Z Checking ($100 minimum opening), Regular Savings, Minor Savings (for ages 16 and under), and various checking account types.
• Personal Loans Individual lending products including Vehicle Loans, Home Loans, Lot Purchase Loans, Construction Loans, and Personal Term Loans for consumer borrowers.
• Agricultural Loans Specialized farming and ranching financing including Operating Notes, Land Purchase, Machinery/Equipment Loans, Cattle Notes, Beginning Farmer/Rancher Loans with FSA, FSA Guarantee, and Refinance options.
• Business Loans Commercial lending products including Operating Loans, Real Estate, Investment Property, SBA, USDA, and CHFA programs, Refinance, and Equity Loans for small businesses.
• Mobile/Online Banking Digital banking platform providing account access via web browser and mobile app. Features include two-step authentication, fingerprint/Face ID support, account transfers, credit score viewing, and Mobile Deposit (up to $3,500 per check). Available on iOS App Store and Google Play Store.
• Online Bill Pay Digital bill payment service allowing customers to pay multiple companies from a single platform. Free with checking account if at least one bill is paid monthly ($4.95 charge if no bills paid). Supports one-time and recurring payments with categorization and tax-time expense tracking. Late fee reimbursement guarantee.
• Wire Transfer Services Domestic and international wire transfer capabilities. Outgoing domestic wires: $25; outgoing foreign wires: $50. Processed through Banker's Bank of the West.
• Notary Services Complimentary notary services available at all three branch locations for customers.
• Safe Deposit Boxes Secure storage rental for important documents and valuables. Available in various sizes at Hugo, Limon, and Leadville locations with annual fees ranging from $20-$84 depending on size.
• ATM Services 24/7 ATM access at all three branch locations. ATMs are located inside Hugo branch entrance, east side of Limon drive-thru, and east side entrance at Leadville.
• Night Drop After-hours secure deposit service available at all three locations for making deposits outside of business hours.

Quantifiable outcome

• Bill Pay late fee reimbursement guarantee - payments arrive on time or late fees are refunded

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• High Plains BankmajorStrategic or Co-development Partner · 1 January 2026First National Bank of Hugo-Limon is currently merging with High Plains Bank. This merger represents a significant strategic consolidation within the regional banking sector. The announcement was made via the bank's website with information available for download.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• HTLF (Heartland Financial USA): Multi-state community bank holding company with banks in markets similar to eastern Colorado; comparable depository franchise model at larger scale.
• First Interstate BancSystem: Multi-state community bank holding company with significant Colorado presence; broader community bank model with similar deposit-and-lend focus but at materially larger scale.
• Glacier Bancorp: Community bank holding company operating across the Mountain West; comparable business model of operating multiple community bank charters in rural/small-city markets.

Regional players

• Alpine Bank: Colorado-based community bank with rural and mountain branch presence; comparable in operating geography and relationship-based community banking orientation.
• Bank of Colorado: Colorado community bank with branches across the state including rural markets; comparable community banking model with broader branch network.
• Collegiate Peaks Bank: Colorado community bank serving rural and mountain communities (Buena Vista, Leadville area); closely comparable in scale, geographic profile, and community banking focus.
• First Southwest Bank: Colorado community bank with branches in small/rural towns offering traditional deposit and ag lending products; similar profile to FNB Hugo-Limon.
• First National Bank of Las Animas: A small Colorado Plains community national bank with similar agricultural lending and deposit products, comparable in scale and operating geography.

Direct peers

• High Plains Bank: The bank's announced merger partner; a Colorado community bank with overlapping rural footprint and similar deposit/lending model. Most directly comparable given the pending consolidation transaction.

Others

• First Mountain Bank (division): The Leadville sub-brand of FNB Hugo itself; included for completeness given shared branch and product set under a distinct brand identity.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 First National Bank of Hugo-Limon