Hyperion Bank

roma258's picture

So my bank is getting bought out, again. The financial system is so screwed up that it needs a a trillion dollar handout from the taxpayers to stay afloat. All of a sudden, a small, community-focused bank like Hyperion is starting to look all the more appealing. Does anyone have any experiences dealing with this bank? I've heard some positive things, but a first-hand account would be nice.

dan's picture

roma258 wrote:So my bank is

roma258 wrote:

So my bank is getting bought out, again.

Core States -> First Union -> Wachovia -> Citigroup ?

Yeah, I've been on the same ride.

roma258's picture

dan wrote:roma258 wrote:So

dan wrote:
roma258 wrote:

So my bank is getting bought out, again.

Core States -> First Union -> Wachovia -> Citigroup ?

Yeah, I've been on the same ride.

Yup, at this point I'm thinking, enough is enough.

ken215's picture

Ask Brooke.

Ask Brooke.

Ftown66's picture

I starting to think it might

I starting to think it might be safer to stash my money in my mattress. It will be safe there as long as the bedbugs don't eat it.

tudor's picture

No experience with it. But I

No experience with it. But I think you may have the right idea. It seems like it's the big banks that are getting hit first.

zempf's picture

As long as you have less

As long as you have less than $100k in your account I wouldn't worry too much about it, as you're FDIC insured up to that point.

NEW KENZO's picture

Ftown66 wrote:I starting to

Ftown66 wrote:

I starting to think it might be safer to stash my money in my mattress. It will be safe there as long as the bedbugs don't eat it.

you may want to try washing your sheets occasionally Ftown.

Ftown66's picture

What are sheets?

What are sheets?

dan's picture

Ftown66 wrote:What are

Ftown66 wrote:

What are sheets?

those pieces of cloth the bedbugs use to keep warm

brooke's picture

I'd avoid Hyperion. One of

I'd avoid Hyperion. One of its employees most likely counterfeited a check off of one deposited in my account and actually got a bank in NJ to deposit it. When I brought the situation to the bank's attention, there was very little concern about a potential criminal employee--just that I might close my account. Of course, I promptly closed my account.

Third Federal on Girard proved no better--I went to open up a CD with the proceeds of my account and the "assistant manager" (I pray this wasn't their actual assistant manager even though she wore the tag) and she claimed I was denied because of my credit score and wanted me to follow up--after taking about 30 minutes to get to this point. I said, "Um, why are you pulling my credit when I'm giving you money?" She then said they didn't pull my credit...but I have 30 days to get a credit report free now that I've been denied credit. My head swimming, I said, "You know, I'll just take my money to Citizens Bank where I'm sure they'll be happy to take my money."

I promptly pulled my credit report later that day to find out that (a) 3rd Federal never pulled my credit and (b) I have a top tier credit score.

Long and short: I wouldn't trust either one of those banks to even hold my lunch money, let alone my savings. This is pretty disappointing considering my whole purpose in going to them was to keep my money local and to support local business.

On the whole, Citizens is pretty irritating at times to deal with (if you notice, there's always a line in Thriftway to deposit money--you can't do it in the ATM across the street in the CVS parking lot and there's no ATM in Thriftway--but it's close and when you're just taking money out, it's easy as pie. I'd also recommend Commerce with the closest branch I know of being in Headhouse Square because they're open pretty long hours and I have lots of clients and friends who use them and recommend them.

(I wouldn't, however, recommend them for mortgages but that's another story.)

Ftown66's picture

brooke wrote:I'd avoid

brooke wrote:

I'd avoid Hyperion. One of its employees most likely counterfeited a check off of one deposited in my account and actually got a bank in NJ to deposit it. When I brought the situation to the bank's attention, there was very little concern about a potential criminal employee--just that I might close my account. Of course, I promptly closed my account.

Third Federal on Girard proved no better--I went to open up a CD with the proceeds of my account and the "assistant manager" (I pray this wasn't their actual assistant manager even though she wore the tag) and she claimed I was denied because of my credit score and wanted me to follow up--after taking about 30 minutes to get to this point. I said, "Um, why are you pulling my credit when I'm giving you money?" She then said they didn't pull my credit...but I have 30 days to get a credit report free now that I've been denied credit. My head swimming, I said, "You know, I'll just take my money to Citizens Bank where I'm sure they'll be happy to take my money."

I promptly pulled my credit report later that day to find out that (a) 3rd Federal never pulled my credit and (b) I have a top tier credit score.

Long and short: I wouldn't trust either one of those banks to even hold my lunch money, let alone my savings. This is pretty disappointing considering my whole purpose in going to them was to keep my money local and to support local business.

On the whole, Citizens is pretty irritating at times to deal with (if you notice, there's always a line in Thriftway to deposit money--you can't do it in the ATM across the street in the CVS parking lot and there's no ATM in Thriftway--but it's close and when you're just taking money out, it's easy as pie. I'd also recommend Commerce with the closest branch I know of being in Headhouse Square because they're open pretty long hours and I have lots of clients and friends who use them and recommend them.

(I wouldn't, however, recommend them for mortgages but that's another story.)

Even if you had terrible credit what would this do to prevent you from opening a CD since you are the one depositing money. What is their credit risk. I don't get it.

brooke's picture

Exactly. It was ludicrous.

Exactly. It was ludicrous. She just had no idea what she was doing and was making it up as she went along.

Becky's picture

If you want to stay local,

If you want to stay local, there is also Eagle One Federal Credit Union at Frankford and Dauphin. According to the website, people in the 19125 zip code are eligible for membership: http://www.eagleonecu.com/about.asp. Anyone dealt with them? The people there are super nice.

Second Brooke on Commerce, which has been my bank for over 10 years. I've had fantastic customer service experiences with Commerce. They came through in a big way when I put the wrong account number on my tax return and routed both my refund and stimulus checks to someone else. Doh!

dan's picture

Becky wrote:Second Brooke on

Becky wrote:

Second Brooke on Commerce

?

george's picture

dan wrote:Becky wrote:Second

dan wrote:
Becky wrote:

Second Brooke on Commerce

?

I prefer the management at the other Commerce Bank.