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State Bank of Texas (SBT)

Popular Accounts at this Bank

1.85%Money MarketJumbo MMDA
2.60%1-year CDJumbo 12 Month CD
2.80%2-year CDJumbo 24 Month CD

Overview / Commentary
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 957th largest bank in the nation. It was established in 1987 and as of March of 2018, it had grown to 138 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.

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.

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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 Grade Components

FDIC Certificate #27074
Year Established1987
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.21%
Return on Equity - YTD22.45%
Annual Interest Income$13.7MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$798.9MM$959.4MM
LoansQ1 2018vs Q1 2017$611.3MM$654.9MM
DepositsQ1 2018vs Q1 2017$637.7MM$781.9MM
Equity CapitalQ1 2018vs Q1 2017$156.7MM$154.0MM
Loan Loss AllowanceQ1 2018vs Q1 2017$6.2MM$6.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$16.9MM$13.1MM
Real Estate OwnedQ1 2018vs Q1 2017$1.4MM$10.1MM
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State Bank of Texas (SBT) Money Market Rates

1.85%$100k-Jumbo MMDA

State Bank of Texas (SBT) CD Rates

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

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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