State Bank of Texas (SBT) is headquartered in Dallas and is the 73rd largest bank in the state of Texas. It is also the 900th largest bank in the nation. It was established in 1987 and as of June of 2019, it had grown to 86 employees at 6 locations. State Bank of Texas (SBT)'s money market rates are 4X the national average, and it has an A health rating.
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6/26 - State Bank of Texas Ups Jumbo MMDA Rate
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Shaky Start
We decided to open a jumbo money market account at the Garland branch based on the excellent rate. The sign up experience was shaky. We had to ask for both checks to be sent to us and a receipt for our deposit, among other things. I keep waiting for a phone call telling me they forgot something
Account Opening
The Chicago office said you must go into one of the branches to open an account. It can't be done online or by snail mail.
Money Market Account
Beware- when balance falls below $25,000 there is $20 monthly fee-
Nonsense Of A Bank
So many banks have a much more APY. And this bank wants a minimum balance of $100,000 for their abysmal APY?
Awful Customer Service
I called this bank on TWO separate occasions inquiring about its Jumbo Money Market account. I had to leave messages both times, but nobody ever called me back.
I find this to be incredibly unprofessional and bad business on their part since I was looking to deposit $100,000 and not open a Christmas Club account with $100.00!
I'm shocked by their incompetence.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27074 |
| Year Established | 1987 |
| Employees | 86 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 5.2% |
| Return on Equity - YTD | 33.47% |
| Annual Interest Income | $34.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $887.2MM$814.4MM |
| Loans | Q2 2019vs Q2 2018 | $627.9MM$631.1MM |
| Deposits | Q2 2019vs Q2 2018 | $741.0MM$634.2MM |
| Equity Capital | Q2 2019vs Q2 2018 | $139.7MM$137.0MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $6.5MM$6.1MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $16.8MM$15.2MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $1.5MM$1.1MM |
Always verify rates and promotions with the bank or credit union. We are not State Bank of Texas (SBT); we are a rate comparison website and cannot provide official rates or promotions.
State Bank of Texas (SBT) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Savings Account |
State Bank of Texas (SBT) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | $100k | - | Jumbo MMDA |
State Bank of Texas (SBT) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $25k | - | Jumbo 12 Month CD |
| State Bank of Texas (SBT) Locations | ||
|---|---|---|
| State Bank Of Texas | 11950 Webb Chapel Road | Dallas, TX 75234 |
| Richardson Branch | 500 W Belt Line Road | Richardson, TX 75080 |
| Garland Branch | 517 West I-30 | Garland, TX 75041 |
| Irving Branch | 605 W. Airport Freeway | Irving, TX 75062 |
| Devon Branch | 2615 West Devon | Chicago, IL 60659 |
| O'hare International Airport Branch | 10000 West O'hare Avenue | Chicago, IL 60666 |