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State Bank of Texas

Popular Accounts at this Bank

1.55%Money MarketJumbo MMDA
1.55%1-year CDJumbo 12 Month CD
1.45%1-year CD12 Month CD

Overview / Commentary
11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas is headquartered in Dallas and is the 75th largest bank in the state of Texas. It is also the 912th largest bank in the nation. It was established in 1987 and as of June of 2017, it had grown to 136 employees at 15 locations. State Bank of Texas' 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.

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 Grade Components

FDIC Certificate #27074
Year Established1987
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD11.96%
Return on Equity - YTD68.43%
Annual Interest Income$29.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$835.7MM$680.1MM
LoansQ2 2017vs Q2 2016$620.7MM$498.5MM
DepositsQ2 2017vs Q2 2016$612.3MM$541.3MM
Equity CapitalQ2 2017vs Q2 2016$166.1MM$123.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.4MM$6.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$11.7MM$3.3MM
Real Estate OwnedQ2 2017vs Q2 2016$10.2MM$14.2MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

State Bank of Texas Money Market Rates

1.55%$100k-Jumbo MMDA

State Bank of Texas CD Rates

1.55%$100k-Jumbo 12 Month CD
1.45%*$25k*-12 Month CD
OTHER TIERS: 1.30% $5k - $25k

State Bank of Texas 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