State Bank Of Texas
State Bank of Texas is a privately held, family-owned community bank headquartered in Dallas. Founded in 1987 with $2.8 billion in assets, it specializes as America's leading hospitality lender while offering general business and personal banking services.
- Company typePrivate
- Founded1987
- HeadquartersIrving, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What State Bank Of Texas does
State Bank of Texas is a privately held, family-owned community bank headquartered in Dallas, Texas, founded in 1987 by hospitality entrepreneur Chan Patel. The bank was created to deploy the expertise Patel developed operating a 17-hotel portfolio (built from 1976 onward) into financing for other hoteliers' ventures; today the institution operates with $2.8 billion in assets, claims the title of America's leading hospitality lender, and is led by Patel's sons Sushil and Rajan Patel. The bank has consistently ranked at or near the top of community banks under $10 billion in assets for Return on Average Assets and Efficiency Ratio, holds a Bauer Financial 5-Star rating, and carries an A+ rating from DepositAccounts.com.
The product set spans Business Banking (Business Checking, Business Certificates of Deposit, Business Money Market, Hospitality Checking, Money Service Business Banking), Personal Banking (Personal Checking, Personal CDs, Personal Money Market), specialized Hospitality Lending with an emphasis on fast closings and quick decisions, and supporting services including Remote Deposit Capture, Treasury Solutions, Foreign Currency Exchange, and general Banking Services. In February 2026 the bank migrated to a digital banking platform powered by Alkami Technology that delivers mobile check deposit, real-time alerts, card controls, and unified business banking tools across consumer and commercial segments. The bank also markets rate-leading deposit products — a High-Rate Jumbo 12-Month CD at 4.05% APY and a High-Rate Jumbo Money Market at 3.76% APY, both with $100,000 minimums.
Revenue mechanics follow a standard community-bank model: net interest margin earned on the $2.8 billion asset base, with a hospitality-tilted loan portfolio funded by retail and commercial deposits, supplemented by treasury services, foreign currency exchange, and deposit service fees. Customer acquisition leans on the hospitality lending franchise and high-rate deposit offerings to attract jumbo depositors, while geographic reach covers Texas, the broader Southwest, California (including the Bay Area), and national accounts. The bank remains family-controlled with no disclosed institutional investors or parent entities, and its last disclosed inorganic move was the 2014 acquisition of National Republic Bank of Chicago.
State Bank Of Texas firmographics
Firmographics- Name
- State Bank Of Texas
- Legal name
- State Bank of Texas
- Website
- https://statebnk.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- State Bank of Texas is a privately held, family-owned community bank headquartered in Dallas. Founded in 1987 with $2.8 billion in assets, it specializes as America's leading hospitality lender while offering general business and personal banking services.
- Ownership category
- akta.pro rank
State Bank Of Texas industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro industry
- SME Deposits & Business Accounts (Operating, Savings, CDs)Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)
Keywords
Where State Bank Of Texas is headquartered
LocationHeadquarters
- HQ city
- Irving
- HQ country
- United States
- HQ region
- North America
Markets served
State Bank Of Texas business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
State Bank Of Texas product offering
Product offeringCore offering
State Bank of Texas is a community bank that operates deposit-gathering and lending businesses for individuals, businesses, and money service businesses, with a specialty in hospitality/hotel lending built on founder Chan Patel's hospitality expertise. It funds relationship-based hotel loans with deposits drawn from business checking, certificates of deposit, money market, personal banking, and jumbo high-yield deposit products across the U.S.
Product overview
State Bank of Texas operates as a community bank offering a comprehensive suite of banking products and services through a unified platform. The core offerings include Business Banking (Business Checking, Business Certificates of Deposit, Business Money Market, Hospitality Checking, Money Service Business Banking) and Personal Banking (Personal Checking, Personal CDs, Personal Money Market), all built on its digital banking infrastructure powered by Alkami Technology. The bank differentiates through specialized Hospitality Lending, positioning itself as America's leading hospitality lender with a legacy dating to 1976 when founder Chan Patel opened his first hotel. Supporting services include Remote Deposit Capture, Treasury Solutions, Foreign Currency Exchange, and general Banking Services. The bank also offers high-yield deposit products like the High-Rate Jumbo 12-Month CD (4.05% APY) and High-Rate Jumbo Money Market (3.76% APY).
Differentiator
Problem solved
Functional benefit
Products and services
- Business Banking Comprehensive business banking suite including business checking, business certificates of deposit, business money market, hospitality checking, and money service business banking tailored for commercial customers.
- Business Checking Checking accounts designed for business customers to manage day-to-day banking operations and cash flow.
- Business Certificates of Deposit Time deposit accounts for businesses with fixed terms and competitive interest rates.
- Business Money Market Money market accounts offering higher interest rates for business deposits with limited transaction capability.
- Hospitality Checking Specialized checking accounts designed for hospitality industry businesses, reflecting SBT's focus as America's leading hospitality lender.
- Money Service Business (MSB) Banking Banking services designed for money service businesses, including money transmission and currency exchange operations.
- Personal Banking Personal banking services including personal checking, personal certificates of deposit, and personal money market accounts for individual customers.
- Personal Checking Checking accounts for individual personal banking customers.
- Personal Certificates of Deposit Time deposit accounts for personal savings with fixed terms and guaranteed returns, including jumbo high-rate options.
- Personal Money Market Money market accounts for personal depositors offering competitive interest rates.
- Hospitality Lending Specialized lending services for the hospitality industry including hotel financing, known for fast closings and quick decisions.
- Remote Deposit Capture Electronic deposit service allowing customers to deposit checks remotely without visiting a branch.
- Treasury Solutions Cash management and treasury services for business customers to optimize working capital and liquidity.
- Foreign Currency Exchange Currency exchange services for customers needing to convert or transact in foreign currencies.
- Digital Banking Platform Unified consumer and business digital banking experience delivered through web and mobile channels, supporting mobile check deposit, real-time alerts, card controls, and business banking tools, powered by Alkami Technology under a white-label deployment.
Companies that use State Bank Of Texas
Customer profileIdeal customer profiles4 records
State Bank Of Texas technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
State Bank Of Texas partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights4 records
State Bank Of Texas competitors and assessment
Company assessmentDirect peers
- PlainsCapital Bank: PlainsCapital Bank is a Dallas-headquartered community bank under Hilltop Holdings, operating at similar asset scale with comparable Texas business banking and specialty lending focus.
- Cadence Bank: Cadence Bank is a regional community bank with significant Texas and Southeast presence and similar business-banking orientation, serving as a comparable peer in operating model and market scope.
- Independent Bank Group: Independent Bank Group (IBTX) is a Texas-based community bank holding company headquartered in McKinney with a similar mid-size asset profile and Texas community banking focus, making it a strong operational comparable.
- Simmons Bank: Simmons Bank is a Mid-South regional community bank with similar asset scale and a multi-state footprint, comparable to SBT in community-banking strategy and focus on consumer/business deposit gathering.
- East West Bank: East West Bank is a community bank with deep specialty in hospitality/hotel lending, particularly to Asian-American hotel owners. It is the closest comparable in terms of niche lending expertise and community-bank scale.
- RBB Bancorp: RBB Bancorp is a community bank holding company operating primarily in California and serving niche ethnic-business communities, comparable to SBT in asset size and community-bank business model.
- First Foundation Inc. First Foundation is a community bank holding company of similar asset size with multi-state presence, providing a comparable template of mid-size community banking with specialty commercial lending.
Broad incumbents
- JPMorgan Chase: JPMorgan Chase runs one of the largest hospitality lending platforms in the U.S. and competes with SBT for institutional hotel-financing relationships, though its scale and balance-sheet flexibility dwarf SBT's.
- Wells Fargo & Company: Wells Fargo operates a substantial commercial real estate and hospitality lending franchise (inherited from Wachovia) that competes directly with SBT for hotel-loan customers, but at vastly larger scale and as part of a national balance sheet.
Regional players
- Texas Capital Bank: Texas Capital Bank is a Texas-headquartered commercial bank that competes with SBT for Texas business banking and commercial lending relationships, but operates at larger scale and with a different capital structure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
State Bank Of Texas social profiles
Digital presenceState Bank Of Texas financial estimates
Financial estimateRevenue estimate
Valuation estimate
State Bank Of Texas leadership team
Management profileNumber of profiles
Profiles2 records
State Bank Of Texas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
State Bank Of Texas M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about State Bank Of Texas
What does State Bank Of Texas do?
State Bank of Texas is a community bank that operates deposit-gathering and lending businesses for individuals, businesses, and money service businesses, with a specialty in hospitality/hotel lending built on founder Chan Patel's hospitality expertise. It funds relationship-based hotel loans with deposits drawn from business checking, certificates of deposit, money market, personal banking, and jumbo high-yield deposit products across the U.S.
Is State Bank Of Texas a public or private company?
State Bank Of Texas is a private company. It is classified as family owned and is currently operating.
When was State Bank Of Texas founded?
State Bank Of Texas was founded in 1987. It employs 101 to 250 people.
Where is State Bank Of Texas based?
State Bank Of Texas is headquartered in Irving, United States, in the North America region.
Who are State Bank Of Texas's main competitors?
Direct peers on record are PlainsCapital Bank, Cadence Bank, Independent Bank Group, Simmons Bank, East West Bank, RBB Bancorp and First Foundation Inc.. Broad incumbents are JPMorgan Chase and Wells Fargo & Company. Texas Capital Bank is listed as a regional player.
Does State Bank Of Texas have an API?
No public API is recorded for State Bank Of Texas.
What industry is State Bank Of Texas in?
State Bank Of Texas's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522110 and its SIC code is 6022.