State Bank of Texas (SBT)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.85%	Money Market	Jumbo MMDA 1.85% - CIT Bank Money Market Account
2.60%	1-year CD	Jumbo 12 Month CD 2.45% - Synchrony Bank 14 Month CD Special
2.80%	2-year CD	Jumbo 24 Month CD 2.35% - Ally Bank Raise Your Rate 2-Year CD

View all State Bank of Texas (SBT) rates »

Overview / Commentary

www.statebnk.com

972-252-6000

11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas (SBT) is headquartered in Dallas and is the 76^th largest bank in the state of Texas. It is also the 957^th 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.

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.

View all posts from:

2017
2016
2009
Earlier

7/17 - 1.55 % Money Market, BUT NOT FOR ME
6/26 - State Bank of Texas Ups Jumbo MMDA Rate
5/24 - State Bank of Texas 12-Month Jumbo CD Available Nationwide

8/30 - State Bank of Texas Offers 1-Year CD and MMA Nationwide
2/22 - State Bank of Texas Offers Competitive 1-Year CD And MMA

7/9 - 4.00% 10-Month / 4.15% 15-Month CD at a Texas Bank (Millennium)

9/11/08 - 4.10% 9-Month / 4.35% 18-Month CD at a Texas Bank (Millennium)
1/26/06 - 4.85% 1-Year CD at a Texas Bank

Reviews (5)

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Featured Account Options

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

19

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.

24

Money Market Account

Posted by: dale26s | Jun 16, 2017

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

7

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?

Comment

4

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.

17

Health

B

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	27074
Year Established	1987
Employees	138
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	4.21%
Return on Equity - YTD	22.45%
Annual Interest Income	$13.7MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$798.9MM$959.4MM
Loans	Q1 2018vs Q1 2017	$611.3MM$654.9MM
Deposits	Q1 2018vs Q1 2017	$637.7MM$781.9MM
Equity Capital	Q1 2018vs Q1 2017	$156.7MM$154.0MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$6.2MM$6.3MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$16.9MM$13.1MM
Real Estate Owned	Q1 2018vs Q1 2017	$1.4MM$10.1MM

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