By 1900 Hyppolite Wawelberg was at the helm of the Wawelberg Bank and held the title of honorable citizen of St. Petersburg, an appellation that could be passed on like a title of nobility. He was also a member of the management board of the Warsaw Bank of Commerce (Bank Handlowy w Warszawie). Back in St. Petersburg he was a member of the treasury of the Jewish Colonist Society, honorable member of the Jewish Educational Society (Общество распространения просвещения среди евреев) and benefactor of the Roman Catholic Beneficial Society (Римско-католического благотворительное общества).
