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Overview / Commentary
972-252-6000
11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas (SBT) is headquartered in Dallas and is the 73rd largest bank in the state of Texas. It is also the 902nd largest bank in the nation. It was established in 1987 and as of September of 2017, it had grown to 133 employees at 6 locations. State Bank of Texas (SBT) has an A health rating.

Related Posts

1.55 % Money Market, BUT NOT FOR ME - 7/17/2017

I have apparently made the unpardonable error of being a current customer of State Bank of Texas. The current posted rate for their Jumbo Money Market account is 1.55%. When I got my latest statement, the rate shown is 1.25%, the rate when I opened the account. I called today, and was told that the higher rate is for"new money". I replied that the old money is likely to disappear given the bank's behavior toward its customers. The response was that the banker would talk to the Treasurer of the bank to see what he could do. Maybe this will be fixed by my leaving, or maybe they will pay what they are advertising- we will see. The one thing for sure is that you have to watch your accounts with them like a hawk!

State Bank of Texas Ups Jumbo MMDA Rate - 6/26/2017

State Bank of Texas has raised the rate on its nationally available Jumbo MMDA (1.55% APY, $100k+). Balances below $100k do not earn any interest.

State Bank of Texas 12-Month Jumbo CD Available Nationwide - 5/24/2017

State Bank of Texas has raised the rate on its nationally available 12-month Jumbo CD (1.55% APY, $100k min) and 12-month CD (1.45% APY, $25k min).

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Reviews (4)

Shaky Start

Posted by: dla1946 | May 27, 2016

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

Posted by: CSample | Mar 11, 2016

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

Posted by: dale26s | Jun 16, 2017

Beware- when balance falls below $25,000 there is $20 monthly fee-

Awful Customer Service

Posted by: pwj7050 | Jul 28, 2017

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.



Health

Health Grade Components

Overall
FDIC Certificate #27074
Year Established1987
Employees133
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD9.61%
Return on Equity - YTD52.38%
Annual Interest Income$44.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$842.8MM$688.3MM
LoansQ3 2017vs Q3 2016$598.6MM$497.2MM
DepositsQ3 2017vs Q3 2016$661.7MM$540.9MM
Equity CapitalQ3 2017vs Q3 2016$176.4MM$132.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$6.3MM$5.9MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$9.5MM$1.8MM
Real Estate OwnedQ3 2017vs Q3 2016$10.4MM$10.8MM
Rates

Sorry, we do not have rate data for State Bank of Texas (SBT).

Locations


State Bank of Texas (SBT) Locations
Devon Branch2615 West DevonChicago, IL 60659
O'hare International Airport Branch10000 West O'hare AvenueChicago, IL 60666
State Bank Of Texas11950 Webb Chapel RoadDallas, TX 75234
Richardson Branch500 W Belt Line RoadRichardson, TX 75080
Garland Branch517 West I-30Garland, TX 75041
Irving Branch605 W. Airport FreewayIrving, TX 75062