Hills Bank History

Hills Bank History

On February 15, 1904, the Hills Savings Bank was founded by 19 local citizens with $10,000 among them. Subscriptions for stock in the bank were purchased, with each share valued at $100.

Approximately 25 years after the bank’s doors opened, the Great Depression struck, causing 600 banks in Iowa to fail. Among those to close were all five banks in Iowa City. This was a defining time and turning point for the small Hills Savings Bank in Hills, whose doors remained open throughout the Great Depression.

After over a century of building relationships, we have grown from 19 founding citizens to over 500 co-workers at 19 locations in three eastern Iowa counties. Total bank assets exceed $2.9 billion, and Trust and Wealth Management division assets exceed $1.5 billion. While headquartered in a town of fewer than 800, Hills Bank is one of the largest banks in Iowa with over 120,000 customers.


Hills Bank has a rich history of determination, innovation, and service. To share this lasting legacy with our co-workers, customers, and friends, several of our locations have rooms or displays which tell the Hills Bank story and the stories of the communities and people we serve. Many of the artifacts and information highlighted in our Hills Bank History and Heritage Book can be found in these displays. 

We invite you to come visit our History and Heritage Room in Hills and the many other displays throughout our locations. Follow our journey through the past century and imagine with us what the next century will hold.

Why Choose Hills Bank?

Local ownership

You can count on Hills Bank to remain local and independent. We started here, and are committed to continue serving the communities where we live and work. This guarantee is backed by the strength of our large and diverse shareholder group.

Local decision making

Ask us your questions and expect a prompt response. You’ll work face-to-face with empowered, experienced professionals who understand the local market and respond to your concerns.

Technology and convenience

Save time and money by choosing where and how you bank. In addition to our 19 convenient locations and 90 free ATMs throughout Eastern Iowa, we offer the latest banking technologies – including online and mobile banking as well as a direct digital chat line with a real banker.

Strength and stability

Grow with confidence, knowing our roots are deep and our financial performance is well-established. Your local deposits help fund local loans to benefit your community, and our competitive pricing and rates will improve your bottom line as well.

Commitment to community

Staying involved is important to us. You’ll see Hills Bank serving, educating, and advocating for our local communities with Shop Local, Youth Salute, Habitat for Humanity, and many other good causes.