Question 1

What is Cheyenne State Bank (Wyoming)?

Accepted Answer

Cheyenne State Bank (Wyoming) is a locally owned and operated community bank serving Wyoming's capital city. With approximately $30.3 million in assets as of September 2025, the bank operates as a commercial bank with a specialization in commercial lending. The institution is FDIC-insured and regulated by the Federal Deposit Insurance Corporation.

Founded with a focus on personalized service and local decision-making, Cheyenne State Bank positions itself as a nimble alternative to larger regional and national banking institutions. The bank emphasizes its commitment to keeping money within the local community and supporting Wyoming businesses and residents.

Question 2

When was Cheyenne State Bank (Wyoming) founded?

Accepted Answer

Cheyenne State Bank was founded in 2001 and opened for business in 2002. The bank was established by local Cheyenne residents with the goal of providing a community-focused banking alternative in Wyoming's capital city. Since its inception, the institution has maintained its commitment to local ownership and personal banking relationships.

The bank was created during a period when community banks sought to differentiate themselves through personalized service and local decision-making authority, offering an alternative to larger institutions with more rigid policies and procedures.

Question 3

When did Cheyenne State Bank (Wyoming) close?

Accepted Answer

Cheyenne State Bank has not closed but is pending acquisition. In October 2025, Hilltop Bank, a Casper-based community bank, entered into a definitive agreement to acquire Cheyenne State Bank. The agreement was signed effective October 13, 2025, with both banks' boards of directors approving the transaction.

The acquisition is expected to close in the first quarter of 2026, pending approval from federal and state banking regulators, Cheyenne State Bank shareholders, and the satisfaction of other customary closing conditions. Upon completion, existing customers will transition to Hilltop Bank's operations.

Question 4

Where is Cheyenne State Bank (Wyoming) headquartered?

Accepted Answer

Cheyenne State Bank is headquartered in downtown Cheyenne, Wyoming. The bank's main office is located at 101 West 19th Street at the corner of 19th Street and Central Avenue. This downtown location positions the bank in the heart of Wyoming's capital city and state business district.

The bank operates from a single office location, maintaining its focus on serving the local Cheyenne community through this central downtown presence.

Question 5

Where does Cheyenne State Bank (Wyoming) operate?

Accepted Answer

Cheyenne State Bank operates exclusively in Cheyenne, Wyoming, serving Laramie County and the greater Cheyenne metropolitan area. The bank maintains one office located in downtown Cheyenne and employs approximately nine staff members.

As a single-location community bank, the institution focuses its operations on serving residents and businesses within Wyoming's capital city. The bank offers 24-hour online access to extend its service availability beyond traditional banking hours.

Question 6

What services does Cheyenne State Bank (Wyoming) offer?

Accepted Answer

Cheyenne State Bank offers a full range of personal and business banking services. Personal banking products include various checking account options, personal savings accounts, personal money market savings accounts, consumer loans, mortgage loans, and construction loans.

For business customers, the bank provides business checking accounts, business savings accounts, business money market accounts, commercial loans, and specialized lending products designed to support local businesses. The bank has a commercial lending specialization, as designated by federal regulators.

Digital banking services include online banking with 24-hour account access, mobile banking apps available on both iOS and Android platforms, mobile check deposit, bill pay functionality, fund transfers, and text alerts for account activity. The bank also offers Popmoney person-to-person payment services, allowing customers to send and receive money using only an email address or mobile number.

Question 7

What makes Cheyenne State Bank (Wyoming) unique?

Accepted Answer

Cheyenne State Bank distinguishes itself as the only locally owned bank in downtown Cheyenne, emphasizing personal relationships and local decision-making authority. The bank's small size allows it to operate with greater flexibility and speed compared to larger institutions, offering customized solutions tailored to individual customer needs.

The bank takes pride in its "symbiotic relationship" philosophy with the community, believing that when customers succeed, the bank succeeds. This approach manifests in the bank's willingness to work with customers to find solutions that keep business local and support the economic vitality of the Cheyenne community.

With only nine employees and a single office location, the bank maintains an intimate, personal approach where customers are known by name rather than account number. This personalized service model represents the traditional community banking experience that has become less common in the modern financial services landscape.

Question 8

What type of financial institution is Cheyenne State Bank (Wyoming)?

Accepted Answer

Cheyenne State Bank is a state-chartered commercial bank with a commercial lending specialization. As a state-chartered institution, the bank operates under Wyoming state banking laws and is regulated by both the Wyoming Division of Banking and the Federal Deposit Insurance Corporation (FDIC).

The bank is not a member of the Federal Reserve System and does not hold fiduciary powers. It operates as a traditional commercial bank focused on deposit-taking and lending activities, with particular emphasis on serving the commercial and business banking needs of the Cheyenne community. The bank's structure as a locally owned, independent community bank without holding company affiliation gives it operational autonomy in serving its market.

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