State Bank
State Bank provides online banking, savings, credit cards, and lending services.
- Company typePublic
- Founded1865
- HeadquartersLa Grange, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What State Bank does
State Bank is a Texas-chartered community bank headquartered in La Grange, operating as a wholly owned subsidiary of NASDAQ-listed Texas United Bancshares, Inc. (TXUI). Founded in 1868 from a predecessor general store (1865), the bank reports approximately $1.1 billion in assets, employs 51–100 people, and runs 30 full-service banking centers across central and south central Texas plus loan production offices in San Antonio and Victoria. Its core customer segments are retail consumers and small-to-mid-sized local businesses in Texas communities ranging from Austin, Bryan, and College Station to rural towns such as Dime Box, Flatonia, Lexington, Schulenburg, and Weimar.
The product platform spans tiered retail deposit accounts (Free Checking through High-Yield Investment Checking and Platinum Reward 50), savings, money market, CDs, and IRAs; residential mortgage lending with local underwriting and Fannie Mae direct servicing; consumer loans (auto, boat, RV, home equity, line of credit); full commercial banking including SBA Preferred Lender programs (7(a) up to $2M, 504 up to $3.5M), real estate lending, asset-based lending ($500K–$5M), and accounts receivable financing; business cash management (ACH, wire, lockbox, sweeps); State Bank-branded Visa credit cards issued through Elan Financial Services; and full brokerage and retirement planning through Duerr Financial Corporation, which manages over $92 million in customer assets.
The digital channel is a commodity NetTeller Internet Banking platform with 128-bit SSL encryption, supplemented by TeleBanker phone banking, an ATM network at branches and third-party retail/healthcare/education locations, and fee-free access to Wells Fargo ATMs. Distribution is overwhelmingly regional and relationship-led; pricing uses tiered subscription-style monthly maintenance fees with waivers tied to combined balances, while revenue is generated primarily through net interest income on loans and securities, deposit account and transaction fees, mortgage origination and servicing, credit-card interchange, and brokerage commissions.
State Bank firmographics
Firmographics- Name
- State Bank
- Legal name
- State Bank
- Website
- http://statebanktx.com
- Company type
- Public
- Founded year
- 1865
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- State Bank provides online banking, savings, credit cards, and lending services.
- Ownership category
- akta.pro rank
State Bank industry classification
Industry- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where State Bank is headquartered
LocationHeadquarters
- HQ city
- La Grange
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
State Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
Revenue model
- Net Interest Income: Interest income earned from loan portfolio including commercial loans, real estate loans, and consumer loans. Interest paid on deposits.
- Credit Card Services: Credit card products offered through Elan Financial Services partnership, generating interchange and fee revenue
- Investment Services: Brokerage and investment products through Duerr Financial Corporation, managing $92 million in assets
- Deposit Account Fees: Monthly maintenance fees, transaction fees, and service charges on personal and business checking and savings accounts
- Mortgage Banking: Residential mortgage origination and servicing, including FHA/VA loans, Direct Servicer for Fannie Mae
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Free Checking - No monthly fee, unlimited check writing |
| Subscription | Monthly | Platinum Reward Checking - Premium banking package |
| Subscription | Monthly | High-Yield Investment Checking - Interest-bearing account |
| Subscription | Monthly | Smart Business Checking |
| Subscription | Monthly | Commercial Checking |
| Subscription | Monthly | Premium Money Market Account |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
State Bank product offering
Product offeringCore offering
State Bank is a community bank that provides personal and business checking, savings, money market, and certificate of deposit accounts, along with residential mortgages, consumer loans, SBA lending, commercial real estate lending, asset-based lending, accounts receivable financing, cash management, credit cards, and investment/brokerage services. It distributes these products through 30 full-service banking centers in central and south central Texas, a shared ATM network, and the NetTeller Internet Banking platform.
Product overview
State Bank is a community bank offering a comprehensive, multi-channel banking platform with personal and business checking, savings, money market, and CD accounts, along with residential and commercial lending products. The core digital banking experience centers on NetTeller Online Banking, complemented by mobile access and TeleBanker phone services. The product portfolio includes tiered personal checking accounts (Free, Silver, Gold, Platinum Reward, Platinum Reward 50, and High-Yield Investment), personal savings vehicles (Regular Savings, Money Fund, Money Market, CDs, IRAs), residential mortgage lending, personal loans (vehicle, debt consolidation, home equity, home improvement, line of credit), business banking (checking, cash management, SBA lending, real estate lending, asset-based lending, accounts receivable financing), credit cards through Elan Financial Services, and investment services through Duerr Financial Corporation managing over $92 million in assets.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Mortgage applications processed within 24 hours or less
- +1 more outcomes
Companies that use State Bank
Customer profileNamed customers5 records
Segments4 records
State Bank technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
State Bank partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
State Bank competitors and assessment
Company assessmentDirect peers
- Prosperity Bancshares: Houston-based community bank holding company operating ~190 full-service locations across Texas and Oklahoma with comparable personal/commercial banking, mortgage, and treasury services to State Bank — directly comparable Texas community banking franchise at larger scale.
- Independent Bank Group: McKinney, Texas-based bank holding company with branches across Texas and Colorado, offering similar community-oriented commercial and consumer banking including SBA lending and mortgage origination — directly comparable community banking model with overlapping Texas markets.
- First Financial Bankshares: Abilene, Texas-based bank holding company operating multiple bank divisions across central and west Texas with full consumer, commercial, mortgage, and trust services — closely comparable to State Bank's Texas community banking franchise and customer mix.
- Texas Capital Bancshares: Dallas-based business-focused bank with strong Texas commercial lending, treasury management, and SBA capabilities — directly comparable to State Bank's business banking and SBA Preferred Lender positioning, though more concentrated on larger commercial clients.
- Glacier Bancorp: Community bank holding company operating multiple community bank divisions across the Western US with consumer/commercial banking and SBA lending — comparable multi-branch community banking model with similar scale profile to State Bank.
- Southside Bancshares: Tyler, Texas-based bank holding company operating ~60 branches in East/North/Central Texas with consumer, commercial, and mortgage lending — directly comparable Texas community banking franchise with similar SBA and mortgage capabilities.
Broad incumbents
- Cullen/Frost Bankers (Frost Bank): San Antonio-headquartered regional bank with deep Texas branch network offering consumer, commercial, and wealth management services — directly overlapping State Bank's central and south central Texas footprint but at materially larger scale and broader product set.
- International Bancshares (IBC Bank): Laredo, Texas-based bank holding company with branches across Texas and Oklahoma/Mexico offering consumer and commercial banking — overlaps State Bank's Texas footprint with broader geographic reach and larger asset base.
- Cadence Bank: Regional bank with Texas presence offering consumer and commercial banking, wealth management, and SBA lending — comparable product set to State Bank but with broader multi-state footprint and digital capabilities.
- Simmons First National: Arkansas-based regional bank with consumer, commercial, mortgage, and wealth services across multiple states — comparable community banking DNA and product breadth to State Bank but at materially larger consolidated scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
State Bank social profiles
Digital presenceState Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
State Bank leadership team
Management profileNumber of profiles
State Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
State Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about State Bank
What does State Bank do?
State Bank is a community bank that provides personal and business checking, savings, money market, and certificate of deposit accounts, along with residential mortgages, consumer loans, SBA lending, commercial real estate lending, asset-based lending, accounts receivable financing, cash management, credit cards, and investment/brokerage services. It distributes these products through 30 full-service banking centers in central and south central Texas, a shared ATM network, and the NetTeller Internet Banking platform.
Is State Bank a public or private company?
State Bank is a public company. It is currently operating.
When was State Bank founded?
State Bank was founded in 1865. It employs 51 to 100 people.
Where is State Bank based?
State Bank is headquartered in La Grange, United States, in the North America region.
How does State Bank make money?
Five revenue lines are on record. Net Interest Income is the primary driver. The others are credit Card Services, investment Services, deposit Account Fees and mortgage Banking.
Who are State Bank's main competitors?
Direct peers on record are Prosperity Bancshares, Independent Bank Group, First Financial Bankshares, Texas Capital Bancshares, Glacier Bancorp and Southside Bancshares. Broad incumbents are Cullen/Frost Bankers (Frost Bank), International Bancshares (IBC Bank), Cadence Bank and Simmons First National.
Does State Bank have an API?
No public API is recorded for State Bank.
What industry is State Bank in?
Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.