T he first Iowa City office was completed in November 1982 at the former site of the Gatens’ Livestock Auction Barn on South Gilbert Street. The branch opened for business with 10 employees. At that time the total assets of Hills Bank exceeded $100 million, making it the third largest bank in Iowa City. In 1984 Hills Bank purchased uniBank & Trust. This acquisition added two more branches, one on Highway 6 in Coralville and another in downtown North Liberty. A few months later the bank purchased the land where the old Purple Cow Restaurant was located in North Liberty. In March of 1985 John Hughes publicly announced plans to relocate the downtown North Liberty office to the new site.
The Gatens’ Livestock Auction Barn property would later become the site of the first Iowa City branch.
In 1982, the second Hills Bank location was built on South Gilbert Street in Iowa City.
John Hughes died in December of 1985. His untimely death presented many challenges to the bank. With the strong support of customers, guidance from the board of directors, and the commitment and teamwork of the employees, the bank moved forward.
The original uniBank & Trust building in Coralville was purchased in 1984.
Iowa City South Gilbert
Coralville
North Liberty
1982 With over $100 million in assets, the bank adds a second location on South Gilbert Street in Iowa City. There are 37 employees.
1984 With the purchase of uniBank & Trust, branches are opened in Coralville and North Liberty.
1985 The downtown North Liberty office is relocated to the site of the old Purple Cow restaurant.
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