LegacyTexas Bank (TX)

Deposits held and insured by Prosperity Bank (TX)

Overview / Commentary
5000 Legacy Drive
Plano, TX 75024
Deposits held and insured by Prosperity Bank (TX)

Related Posts

View all posts from:

8/28/11 - Viewpoint Bank RCA Rate Change To 3%
9/1/10 - Viewpoint Bank Rate Tiers Changing Effective November 1, 2010
7/27/10 - Update on ViewPoint's Reward Checking Account - New Accounts Now Limited to Texas
7/26/10 - ViewPoint Bank Narrows Its National Availability
7/7/10 - Reward Checking Gotchas - ViewPoint Bank
6/18/10 - Details of Applying For ViewPoint Bank's Reward Checking Account
5/14/10 - I've Been Reading The Bad Rejection Review Here And Hesitate To Open Account
5/5/10 - I Am Out Of Their State And They Approved My Online Application
4/14/10 - To Anon#30
4/6/10 - I Called The Bank
4/2/10 - To All The Dishearted Individuals Above Check Out Pelican State Credit Union
3/29/10 - My Application Was Rejected
3/24/10 - @Anonymous Who Posted On 3/15/2010
2/6/10 - L- Your Comments In Defense Of This Bank Are Unreasonable Unless Of Course You Are Their Employee
1/28/10 - L- Do You Work For This Bank
1/21/10 - They're Based Out Of Texas
1/13/10 - And If It Was Fraud Or A Scam To Get Personal Information
1/13/10 - Well...If You Have So Many Accounts That Are Paying High Interest
1/12/10 - Hahahahaha
1/10/10 - Like The Others Postings
1/10/10 - I Ve Had A Really Good Experience
1/7/10 - Totally Agree With All The Postings Here
1/7/10 - Totally Agree With All The Postings
12/23/09 - What A Joke
12/22/09 - Same Case. My Application Got Rejected For No Reason (I Have An Excellent Credit And Has Never Been
12/18/09 - Don't Waste Your Time To Apply It
12/8/09 - This Bank Is A JOKE
11/8/09 - Reward Checking Account at a Texas Bank (ViewPoint)
11/3/08 - 5.25% 60-Month CD at ViewPoint Bank - Nationally Available
9/20/07 - iPod nano Checking Account Bonus at ViewPoint Bank (Nationally Available)
11/6/06 - 6.00% 12-Month CD Still at a Dallas Bank - $125k min (ViewPoint)
10/10/06 - 6.00% 12-Month CD at a Dallas Bank - $125k min (ViewPoint)

My review of Legacy Texas

I have been with Legacy Texas for the past 5 years. I have been with them when it was the local community credit union. They have since change and became the bank that they are now today. This bank is not like the big brands, they have all the same amminities but with the small town helpfulness. You can walk into any branch and the team will greet you with a handshake and a warm cup of coffee. At my local branch they have been extremely helpful with any thing that I need from statements to helping me locate a past deposits. The big banks are not the only choices you can trust this small town bank as well.

Old Reviews

Posted by: |

LegacyTexas Bank was formed at the end of 2014 and changed names early 2015. View Point and other banks where acquired by LegacyTexas. If you are looking at reviews on this site for LegacyTexas and the date is prior to 2014, then the reviews are not actually about LeqacyTexas. For me, it has been the best bank I have dealt with. I have had accounts a Chase, BOA, before that NationsBank, WellsFargo, Frostbank (another great bank), 1stcb and a few others. My wife and I just finished a completing a chapter 13 and were able to get 4.0% on an auto loan for 16K. No other bank would work with us. We received personal service. I would rate this bank perfect for everything I have ever used them for. And keep in mind reviews prior to 2014 are not for LegacyTexas.

Absolute Checking Rate Dropped Again

Posted by: |

I've never had any trouble with the bank itself...always encounter friendly and helpful staff at the branch.  However, the interest rate dropped for the 3rd time since we've been customers in September 2010.  We started out with 4%...and it just dropped to 1% this month (no warning at all, just an update to the website).

Weak Business Banking

Posted by: |

Legacy Texas repeatedly demonstrates their inability to perform even simple tasks when it comes to business checking and bill pay accounts. Once you discover an issue, contacting their customer service is a long and painful process. You will routinely set on hold for 20 minutes or more. Even after discussing with them self-evident issues, they change nothing. I do not recommend this bank for anything.



Data as of Q4 2019

Data displayed below is for insuring bank: Prosperity Bank (TX)
Learn why bank health matters

Health Grade Components

FDIC Certificate #16835
Year Established1949
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD7.8%
Annual Interest Income$836.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$32.18B$22.69B
LoansQ4 2019vs Q4 2018$18.76B$10.28B
DepositsQ4 2019vs Q4 2018$24.30B$17.28B
Equity CapitalQ4 2019vs Q4 2018$6.01B$4.04B
Loan Loss AllowanceQ4 2019vs Q4 2018$87.5MM$86.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$55.2MM$16.7MM
Real Estate OwnedQ4 2019vs Q4 2018$6.9MM$1.8MM
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Always verify rates and promotions with the bank or credit union. We are not LegacyTexas Bank (TX); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LegacyTexas Bank (TX) Savings Account Rates

0.10%*$250k*-Health Savings Account
OTHER TIERS: 0.05% $5k - $250k
0.05%--Basic Savings
0.05%--Kids Club Savings
0.05%--IRA Savings
0.05%--Business Savings

LegacyTexas Bank (TX) Money Market Rates

0.25%*$5m*-Premier Money Market Savings
OTHER TIERS: 0.05% Up to $100k | 0.10% $100k - $250k | 0.15% $250k - $1m | 0.20% $1m - $5m
0.25%*$5m*$25mBusiness Premier Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $250k | 0.20% $250k+
0.20%*$100k*-Business Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $50k | 0.15% $50k - $100k
0.15%*$25k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k
0.05%*$2.5k*-Money Market Checking
OTHER TIERS: 0.02% Up to $2.5k

LegacyTexas Bank (TX) Checking Account Rates

1.00%*-$25kMaximum Checking - Qualifying
OTHER TIERS: 0.05% $25k+
0.50%*-$25kAt Work Checking
OTHER TIERS: 0.05% $25k+

LegacyTexas Bank (TX) CD Rates

1.86%$1k-120 Month Regular CD
1.86%$1k-Business 120 Month Regular CD
1.41%$1k-60 Month Regular CD
1.41%$1k-Business 60 Month Regular CD
1.39%$1k-48 Month Regular CD
1.39%$1k-Business 48 Month Regular CD
1.31%$1k-36 Month Regular CD
1.31%$1k-Business 36 Month Regular CD
1.26%$1k-24 Month Regular CD
1.26%$1k-Business 24 Month Regular CD
1.11%$1k-18 Month Regular CD
1.11%$1k-Business 18 Month Regular CD
1.00%$1k-12 Month Regular CD
1.00%$1k-Business 12 Month Regular CD
0.80%$1k-6 Month Regular CD
0.80%$1k-Business 6 Month Regular CD
0.35%$1k-3 Month Regular CD
0.35%$1k-Business 3 Month Regular CD
0.10%$100-12 Month Regular Start-Up CD
0.10%$100-Business 12 Month Regular Start-Up CD

LegacyTexas Bank (TX) IRA Rates

1.86%$1k-120 Month IRA
1.41%$1k-60 Month IRA
1.39%$1k-48 Month IRA
1.31%$1k-36 Month IRA
1.26%$1k-24 Month IRA
1.11%$1k-18 Month IRA
1.00%$1k-12 Month IRA
0.80%$1k-6 Month IRA
0.35%$1k-3 Month IRA
0.10%$100-12 Month IRA Start-Up


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