Plains State Bank

What Plains State Bank does

Plains State Bank is a Texas state-chartered, FDIC-insured community bank headquartered in Humble, Texas, serving personal and small-to-medium business customers across the Greater Houston metropolitan area. Founded in 1957 in Plains, Texas, the bank was acquired in 2008 by an investor group organized by current Chairman and CEO Milan B. Saunders through Plains Acquisition Corporation, which relocated the charter and headquarters to Humble. The bank is held under Plains Acquisition Corporation and trades on OTC markets under ticker PLQC. It operates six full-service branches (Humble, Houston, Champions, Sugar Land, Conroe, and Plains) and one Loan Production Office in San Antonio.

The bank's product platform spans three pillars. Personal Banking includes Advantage Checking, Senior Checking, NOW and Premium Money Market accounts, savings and custodial accounts, CDs, IRAs, consumer auto and personal loans, and Mastercard credit cards. Business Banking covers Business Checking, Business Interest Checking, Commercial Account Analysis, Business Money Market and Savings, business Mastercard products, and a Treasury Management suite (positive pay, ACH, wire, lockbox, remote deposit, merchant services). Business Lending offers Business Term Loans, SBA 7(a) and CDC/504 loans, Commercial Real Estate, Construction, Equipment, and Working Capital Lines from $75,000 to $15,000,000. Digital channels comprise PSB Online and Mobile Banking apps (iOS/Android) for personal and business customers, Zelle person-to-person and business payments, PSB Pay Direct for loan servicing, and scorecard-based debit card rewards. Technology relies on a traditional core banking platform with browser-based online banking, mobile apps, and standard payment network integrations rather than proprietary AI or open APIs.

Plains State Bank earns revenue primarily from interest income on consumer, commercial real estate, SBA, construction, equipment, and working capital loans; from a net interest spread on deposits (including CDs at 3.82% APY as of August 28, 2025); from transaction and maintenance fees on deposit accounts (e.g., $15 monthly NOW, $10 Premium Money Market); from credit card annual fees (e.g., $49 on Preferred Points Rewards Business) and interchange; and from treasury management and merchant services fees. Its go-to-market is relationship-driven, combining a business lending team for in-person and on-site consultations with a digital self-serve layer. The bank holds SBA Preferred Lender status — its principal regulatory moat — enabling direct SBA loan approval and shorter decision cycles than non-preferred competitors. In September 2023, PSB acquired Core+ Financial Strategies and Core+ Tax Strategies, adding over $300 million in client assets and extending into wealth management and tax services.

Name

Plains State Bank

Legal name

Plains State Bank

Website

https://psbplains.com

Company type

Public

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

Plains State Bank is a Texas state-chartered community bank in Humble, providing personal banking, small business services, and SBA Preferred Lender business lending to consumers and SMBs across the Greater Houston metro and San Antonio.

Ownership category

akta.pro rank

Headquarters

HQ city

Humble

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Lending: Interest earned on consumer loans (auto, personal), commercial real estate loans, SBA loans, construction loans, equipment loans, and business working capital lines of credit. Competitive rates with flexible terms.
2. Deposit Account Fees and Interest: Monthly maintenance fees on certain accounts (NOW Account $15, Premium Money Market $10, Business Savings $10), transaction fees for excessive withdrawals, and interest paid on deposit accounts.
3. Credit Card Fees: Annual fees on rewards credit cards ($49/year for Preferred Points Rewards Business card), interest on revolving balances, and transaction fees.
4. Treasury Management Services: Fees for merchant services, wire transfers, controlled disbursements, positive pay, account reconciliation services, and lockbox services.
5. Certificates of Deposit Interest Spread: Interest rate spread between rates paid on CDs (3.82% APY for 12-month CD) and lending rates charged to borrowers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Plains State Bank is a Texas state-chartered, FDIC-insured community bank that provides personal banking (checking, savings, CDs, IRAs, consumer loans, credit cards), business banking (business checking/savings, treasury management, merchant services, business credit cards), and business lending (SBA loans, commercial real estate, construction, equipment, working capital lines of credit) to individuals, families, and small-to-medium businesses across the Greater Houston metropolitan area and Texas.

Product overview

Plains State Bank operates as a community bank offering a unified suite of banking products organized into three interconnected pillars: Personal Banking, Business Banking, and Business Lending. The Personal Banking pillar encompasses checking accounts (Advantage Checking, Senior Checking, NOW Account, Premium Money Market), savings products (Personal Savings, Young Savers, CDs, IRAs), consumer loans (Auto Loans, Personal Loans), and consumer credit cards (Low Rate Mastercard, Preferred Points Rewards Mastercard). The Business Banking pillar includes Business Checking, Business Interest Checking, Commercial Account Analysis, Business Money Market, Business Savings, and Business Credit Cards (Standard and Preferred Points Rewards). Both personal and business customers access services through shared digital platforms: PSB Online Banking, PSB Mobile Banking (iOS/Android apps), PSB Business Online Banking, and PSB Business Mobile Banking, all integrated with Zelle for instant payments and PSB Pay Direct for loan servicing. The Business Lending pillar, positioned as a Preferred SBA Lender, offers specialized financing products including Business Term Loans, SBA Loans (7(a) and CDC/504 programs), Commercial Real Estate Loans, Construction Loans, Equipment Loans, and Working Capital Lines of Credit. Treasury Management Services (including lockbox, ACH, wire transfers, positive pay, and merchant services) connects business banking and lending operations. All segments are supported by shared infrastructure including ATM networks (PULSE, Cirrus), Mastercard payment processing, and ScoreCard Rewards loyalty program. The bank also offers wealth management and tax strategy services following the 2023 acquisition of Core+ Financial Strategies and Core+ Tax Strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Advantage Checking Basic personal checking account offering unlimited transactions, no per-check charge, and no monthly maintenance fee, designed for everyday consumer banking. Requires $100 minimum to open with no minimum daily balance requirement.
• Senior Checking (65+) Personal checking account for customers aged 65 and older, providing unlimited transactions, no monthly maintenance fee, and free checks on selected styles.
• NOW Account Interest-earning personal checking account with unlimited check writing and monthly interest compounding, requiring a $1,000 minimum daily balance to avoid the $15 monthly maintenance fee.
• Premium Money Market Interest-bearing personal transaction account for larger balances, offering the highest possible interest rate with unlimited over-the-counter withdrawals. Requires $2,500 minimum daily balance to avoid the $10 monthly maintenance fee and earn interest.
• Personal Savings Basic personal savings account with easy access to funds. Requires $50 minimum to open and a $50 minimum daily balance to avoid monthly maintenance fees.
• Young Savers Custodial TUTMA savings account for minors under 18, with no maintenance fees, no minimum daily balance, and unlimited over-the-counter withdrawals.
• Certificates of Deposit (CD) Fixed-term personal savings product with competitive interest rates and a variety of maturities. Requires $1,000 minimum to open, with penalties for early withdrawal; 12-month CD rate of 3.82% APY as of August 28, 2025.
• Individual Retirement Account (IRA) Tax-advantaged personal retirement savings account allowing deferral of taxes on income until withdrawal, available in fixed-rate and variable-rate options with various maturities.
• Money Market Account Interest-bearing personal account balancing earning potential with fund accessibility, offering unlimited over-the-counter withdrawals and competitive APYs; 0.85% APY as of August 28, 2025 with $2,500 minimum to earn.
• Auto Loans Consumer financing for new or used vehicles up to five years old, with competitive rates and flexible terms based on the borrower's credit profile and loan amount.
• Personal Loans Versatile consumer loans for home repairs, medical bills, or personal expenses, offering flexible terms and amounts based on the borrower's financial situation.
• Personal Card - Low Rate Mastercard consumer credit card with no annual fee, a low introductory rate for the first six months, competitive ongoing APR, and Mastercard benefits including rental car insurance, global services, and ID theft protection.
• Personal Card - Preferred Points Rewards Mastercard rewards credit card earning one point per dollar spent (up to 10,000 points per month), redeemable through Dreampoints.com for cash-back, retail gift cards, travel, and merchandise. Features a low introductory rate for the first six months with no annual fee.
• PSB Online Banking Web-based online banking platform providing 24/7 secure access to view balances, transactions, check images, transfer funds between PSB accounts, and pay bills (optional fee-based service). Requires Access ID and password authentication with encryption and firewall protection.
• PSB Mobile Banking Mobile banking application for iOS and Android enabling 24/7 account access including real-time balance and transaction viewing, mobile check deposits, bill payment scheduling, and loan payment processing.
• Get Zelle Instant payment service integrated into personal banking, enabling users to send and receive money directly between bank accounts through the Zelle network.
• Business Checking Business checking account for small to medium companies and sole proprietors, offering up to 100 free transactions per month (with $0.45 per transaction thereafter), no monthly maintenance fee, and no minimum balance requirement. Non-interest bearing.
• Business Interest Checking Interest-bearing business checking account exclusively for non-profits and sole proprietorships, offering up to 50 free transactions per month with $0.22 per transaction thereafter.
• Commercial Account Analysis Analysis-based business checking for larger companies with higher balances and transaction activity, requiring $500 minimum to open, $35 monthly maintenance fee, and offering an earnings credit to offset charges.
• Business Money Market Interest-bearing money market account for businesses with larger balances, with competitive interest calculated daily and credited monthly. Requires $2,500 minimum daily balance to avoid the $15 monthly maintenance fee and earn interest.
• Business Savings Business savings account offering unlimited over-the-counter withdrawals while earning interest, with a $10 monthly maintenance fee (waivable with $50 minimum daily balance) and $20 excessive debit fee per transaction.
• Business Card - Standard Card Business Mastercard with competitive ongoing APR, individual and summary billing options, Mastercard BusinessCard benefits (car rental insurance, global service, mobile receipt management, easy savings), and no annual fee.
• Business Card - Preferred Points Rewards Business Mastercard earning one reward point per dollar spent (up to 10,000 points per month), redeemable for various rewards via the rewards portal. Includes individual billing option with a $49 annual fee.
• PSB Business Online Banking Web-based online banking platform for business customers providing real-time transaction monitoring, cleared check image viewing, account history access, inter-account fund transfers, and treasury management services integration.
• PSB Business Mobile Banking Mobile banking application for business customers enabling real-time balance and transaction viewing, ACH and wire approval workflows, positive pay item approval, and mobile check deposit for business accounts.
• Get Business Zelle Business-focused instant payment service via Zelle, enabling Houston business customers to send and receive payments directly between business bank accounts.
• PSB Pay Direct Online loan payment service enabling customers to make one-time or automatic loan payments via ACH debit from checking or savings accounts, or via debit card ($4.00 fee per debit card transaction). Supports payment scheduling and automatic withdrawal enrollment.
• Treasury Management Services Comprehensive cash management suite for businesses including collections (lockbox, ACH debits, wire transfers, remote deposit capture), information reporting (PSB Business Online, zero balance accounts, account reconciliation), and disbursements (direct deposit payroll, controlled disbursements, positive pay, wire transfers). Integrates with merchant services for payment processing.
• Merchant Services Payment processing services integrated with treasury management, enabling businesses to accept card payments with faster settlements, lower chargeback risk, and synchronized accounting through Bankers Merchant Services.
• Business Term Loans Traditional and SBA-backed term loans for business acquisitions, commercial real estate, building construction, expansion, leasehold improvements, inventory, equipment, refinancing, debt consolidation, and working capital. Loan amounts range from $75,000 to $15,000,000 depending on industry.
• SBA Loans Small Business Administration-backed financing offered by a Preferred SBA Lender, including 7(a) loans for general business purposes, CDC/504 loans for commercial real estate and large equipment, and SBA working capital loans, featuring lower down payments, longer repayment terms, and competitive rates.
• Commercial Real Estate Loans Financing for commercial property purchases, construction, and refinancing of office buildings, retail spaces, industrial facilities, warehouses, and owner-occupied properties, available as traditional or SBA-backed loans.
• Construction Loans Construction financing for commercial projects including ground-up construction, building expansions, renovations, and tenant/leasehold improvements. Funds released in stages via a draw schedule aligned with construction milestones, with interest-only payments during construction.
• Equipment Loans Financing for manufacturing machinery, construction equipment, agricultural tools, commercial vehicles, medical/dental equipment, technology systems, and other business equipment, with terms matching the asset's expected useful life.
• Working Capital Lines of Credit Flexible short-term credit facilities allowing businesses to draw funds as needed up to an approved limit, repay as receivables come in, and reuse the funds for day-to-day cash needs, payroll, inventory, and unexpected expenses.

Quantifiable outcome

• Quick approvals in as few as 10 days for loans up to $350,000
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature4 records

Partnerships

One partnership is on record.

• Core+ Financial StrategiescoreStrategic or Co-development Partner · 20 September 2023Houston-based financial services company acquired by Plains State Bank on September 20, 2023. The acquisition adds over $300 million in client assets and enhances PSB's wealth management and tax services for small businesses and individual clients. This was PSB's first transaction in the Financial Services sector.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Market position

Weaknesses5 records

Competitive moat4 records

Customer concentration

• Facebookfacebook.com/plainsstatebank
• LinkedInlinkedin.com/company/plains-state-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Plains State Bank