When a cyberattack forced Hilltop Bank offline, the institution took swift action to protect customer accounts. Debit cards still work, but automatic payments are temporarily paused.
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"Our research indicated that Cheyenne is a vibrant market that is hungry for local, community banks. There are offices and branches of large national banks, but only a few local banks. We think those two facts make this an attractive place to expand" stated Greg Dixon, the CEO and President of Hilltop.
While Bank of America and other major banks have now scrapped a widely-derided plan to charge customers a monthly fee for using their debit cards, a new survey shows at least 650,000 people closed their accounts with those banks in the past month and fled to more consumer-friendly credit unions.