Hills Bancorporation (HBIA)

Overview

Hills Bancorporation is a bank holding company that spearheads its operations through Hills Bank and Trust Company, focusing on delivering comprehensive commercial banking services. Its clientele spans across individuals, businesses, governmental units, and institutional customers, aiming to cater to a wide range of financial needs. Founded in 1904 with its headquarters based in Hills, Iowa, Hills Bancorporation has established a robust presence, especially within the Iowa counties of Johnson, Linn, and Washington, through its main office and various full-service branches. The organization's commitment to community banking is rooted in its century-old heritage, ensuring financial services are tailored to the local community's evolving needs.

Products and Services

Hills Bancorporation offers a diversified portfolio of products and services designed to meet the multifaceted financial requirements of its customers:

• Deposits: The bank accepts various types of deposits, including demand, savings, and time deposits. These offerings provide a secure foundation for clients' wealth, alongside the flexibility to meet their immediate and future financial necessities.
• Real Estate Loans: This category encompasses residential, multi-family, and commercial real estate loans. Through these, Hills Bancorporation supports the acquisition, development, and investment in real estate ventures of varying scales.
• Mortgage and Construction Loans: Tailored to individuals looking to build or purchase homes, these loans facilitate the realization of housing projects from conception to completion.
• Commercial and Financial Loans: Designed for businesses, these loans provide the necessary capital for operational expansion, inventory procurement, and other commercial needs.
• Agricultural Loans: Acknowledging the pivotal role of agriculture in the local economy, these loans cater to farmers and agribusiness entities, supporting everything from crop production to farm equipment purchases.
• Consumer Loans: This broad category includes personal loans, automobile financing, installment loans, and other forms of consumer credit, addressing the personal financial needs of customers.
• Night and Safe Deposit Facilities: Ensuring the security of clients' valuables and documents, these facilities complement the bank's deposit services.
• Banking Services: A comprehensive suite of traditional banking services, including collection, exchange, and others, support the day-to-day financial operations of customers.
• Trust and Estate Services: Administering estates, personal trusts, and pension plans, the bank offers fiduciary services tailored to the preservation and management of wealth for individuals and families.
• Farm Management and Investment Advisory: Specialized services offering farm management solutions and investment advice, catering to individual, corporate, and nonprofit clientele.
• Mortgage Origination: The company originates mortgages that are subsequently sold in the secondary residential real estate market. These services signify the bank's role in facilitating homeownership aspirations, notably without retaining mortgage servicing rights, emphasizing its focus on initial lending.