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

State Bank of Texas (SBT) is headquartered in Dallas and is the 76th largest bank in the state of Texas. It is also the 941st largest bank in the nation. It was established in 1987 and as of June of 2018, it had grown to 130 employees at 6 locations. State Bank of Texas (SBT)'s money market rates are 4X the national average, and it has a B+ health rating.

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State Bank of Texas Offers Top Rate on 12-Month Jumbo CD - 6/30/2018

State Bank of Texas is currently offering nationally available Jumbo CDs:12mo (2.60% APY), 18mo (2.70% APY), 24mo (2.80% APY), 36mo (3.00% APY), $25k min deposit.

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Reviews (5)

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-

Nonsense Of A Bank

Posted by: Andy_BE | Jun 12, 2018

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

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
B+

Health Grade Components

Overall
FDIC Certificate #27074
Year Established1987
Employees130
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.66%
Return on Equity - YTD25.77%
Annual Interest Income$28.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$814.4MM$835.7MM
LoansQ2 2018vs Q2 2017$631.1MM$620.7MM
DepositsQ2 2018vs Q2 2017$634.2MM$612.3MM
Equity CapitalQ2 2018vs Q2 2017$137.0MM$166.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$6.1MM$6.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$15.2MM$11.7MM
Real Estate OwnedQ2 2018vs Q2 2017$1.1MM$10.2MM
Rates
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State Bank of Texas (SBT) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Savings Account

State Bank of Texas (SBT) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$100k-Jumbo MMDA

State Bank of Texas (SBT) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$25k-Jumbo 24 Month CD
2.70%$25k-Jumbo 18 Month CD
2.60%$25k-Jumbo 12 Month CD
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

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