Mayor Michael A. Nutter announced $2 million in funding from the Community Development Block Grants and Corridor Bond programs to support small business and commercial corridor development in Philadelphia at a press conference held at Hyperion Bank. The funding will go towards three programs that provide business assistance, technical support, and grants to help existing businesses expand. Hyperion Bank was chosen as the location because of its commitment to small business lending and support of organizations receiving funding.

1. Date: June 1, 2010
For Release: Immediate
Contact: Suzanne Mooney, VP/Marketing Director
Phone: 215-789-4200
MAYOR HOLDS PRESS CONFERENCE AT HYPERION BANK
TO ANNOUNCE $2 MILLION IN CITY FUNDING FOR
SMALL BUSINESS DEVELOPMENT
Philadelphia, Mayor Michael A. Nutter announced $2 million in Community Development Block Grants and
Corridor Bond funding awards that will support small business and commercial corridor development in
Philadelphia at a recent press conference held at Hyperion Bank. The Bank was chosen as the site for the press
conference because of its commitment to making small business and commercial loans and support of the Girard
Coalition and the Empowerment Group – both of which received city funding.
The Mayor was introduced by Joe Matisoff, President and CEO of Hyperion Bank. In his opening remarks Mayor
Nutter sited Hyperion Bank’s commitment to the local community and thanked the Bank for their efforts to save and
restore their stunning headquarters building and support the local economy by providing funds for commercial
loans. “Imagine a bank that actually lends money….what a concept,” said Mayor Nutter. “Hyperion Bank is proud
of its track record for providing business loans that support economic growth in our local community. That’s what
being a community bank is all about,” stated Joe Matisoff.
Three programs: the Targeted Corridor Management Program, the Business Technical Assistance Program and the
ReStore Retail Incentive Grant Program, fund and foster economic development by providing business development
support, technical assistance and help for existing businesses to expand their stores. These investments are part of
the City's current commitment of more than $70 million in supportive funding for small businesses.
Hyperion Bank is the first community bank to locate in the urban part of Philadelphia in more than 20 years.
Restored to its original 1871 grandeur, the stately 11,000 square-foot headquarters and first branch, located at 2nd
Street and Girard Avenue, is a signature footprint in the area’s urban revitalization. This site was chosen because of
its extensive residential redevelopment, expanding small business and deep-rooted neighborhood residents.
Hyperion is a full service retail and commercial bank. Its website is www.HyperionBank.com.
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Photo Caption: Pictured Left to right, Joe Matisoff, President/CEO, Hyperion Bank, Mayor Michael A. Nutter and
Suzanne Salsbury-Mooney, VP/Director of Retail Banking, Hyperion Bank.