Casper, Wyo.-based Hilltop Bank is expanding in the state's capital city by acquiring Cheyenne State Bank. .The deal is expected to close in the first quarter of 2026. As of Sept. 30, Hilltop Bank had $1 billion in assets, while Cheyenne State Bank was a $30.2 million million bank.The acquisition is intended to complement Hilltop Bank’s ongoing construction of a new 6,300-square-foot branch near Frontier Mall in Cheyenne.Founded in 1964 and owned by the Dave True family since 1977, Hilltop Bank has branches in Casper, Glenrock, and Cheyenne, along with a trust and wealth management office in Gillette overseeing $1.7 billion in assets under management. “We look forward to serving existing Cheyenne State Bank customers and welcoming new customers who will love a family-owned Wyoming community bank that gives back to the community in meaningful ways,” said Hilltop Bank CEO Greg Dixson.
