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)

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).

I Had The Same Problem As Others And Was Rejected Because Of The Report From Checksystems (Too Many

Posted by: |

I had the same problem as others and was rejected because of the report from Checksystems (too many inquiries).  I sent an e-mail to the President of the Bank and followed up with a call.  I received a call from a woman in the President's office and she was able to get everything resolved.  It was definately not easy to open an account.  I have been a customer for two months and so far everything is going fine. 

Cash Withdrawal Shortages

Posted by: |

I have been a customer of Legacy Texas bank since it was originally Community Credit Union. I have banked primarily at the Richardson texas location and over the years I have witnessed and experienced a continued customer support decline. Since I have been with this bank for so many years I didn't want to change to another bank. I am writing this review to hopefully make customers aware of ensuring they are paying close attention to cash withdrawals they receive. I've been the victim of 2 occurrences where I have been shorted several thousands of dollars. The 1st occurrence was a little over a year ago when I had withdrew $50k. I received 5 stacks of what I was told were $10k each stack. Unfortunately, I never opened any of the stacks because I trusted my bank and believed what I was given would be accurate. I took the cash and placed in safe keeping to use when needed. I had an opportunity to pay off a 2nd mortgage on house and decided to use $30k of the $50k I withdrew to pay off the note that was $26k. I took the money to Chase bank to pay it off and they ran the $10k stack through the money counter and 2 of the stacks were only $9k each! I immediately requested Chase bank to read count, they did and again the 2 stacks were only $9k each. Chase asked me where I got the cash and go back to them and tell them both were short $1k each. It had been over a year since I had withdrew the money, so I never went back to Legacy because I thought it was too late. So I took the $2k loss. Most recently on March 3rd of this year, I withdrew what I thought to believe was $35k cash from the Richardson location. This was 3 stacks of what was supposed to be $10k each and 1 stack of $5k. What is the most embarrassing and completely unbelievable is I stood in front of the teller and watched what I thought was $35k counted right in front of me and witnessed by another bank employee. When the teller 1st began counting the original witness had to leave to help other customers coming into the bank, so another witness came over to watch. I admit that I didn't watch every $100 dollar bill being counted because I trusted what the teller was saying. I never witnessed the amount on the money counter, but I believed what the teller told me. After all the cash was counted the teller wrapped each $10k stack in a $10k rapper and also wrapped the $5k stack in a rapper. She then put the cash in a plastic bag and handed it to me. I left put the bag up in safe keeping. I on March 13 I took what I thought was one of the $10k stacks out of safe keeping and went to deposit into my checking account. Immediately the teller told me it was only $8700! I simply lost it! Not again, not again. I raced home to count the remaining money and found the 2nd stack to be only $8700 and the 3rd stack to be on $8600 and the $5k stack to be only $4800! I simply was in total disbelief. I know I stood there and watched the teller count the money, how is this possible?! That is a total of $4200 short, again! I immediately called the back and reached customer service at a different location. I explained what had just happened and they told me they would contact the Richardson location and inform them of the situation. I received a call 5 minutes later by the Richardson bank manager who was already upset and rude. She informed me within that 5 minutes of my phone call they had reviewed videos of the transaction and the teller in question had been audited twice this month so it was my loss and there was nothing they could do. I asked to speak to her manager and she said she would have her call me. About 10 minutes later her manager called and told me she reviewed the videos and saw nothing and everything was accounted for. I expressed to the manager the shortage was too consistent across the the 3 $10k stacks and I can't even begin to explain how I missed it, also. She continued to express every thing that was reviewed in that short time since my complaint was verified. I continued to explain the consistent shortage but she kept saying that all their checks and balances were verified. What I realize is that the folks responsible know the checks and balances, also. They know what is going to be verified, where the cameras are and how to balance their drawers. These people are really good! They know exactly how to do what they are doing. I am at a total loss on how it's being done and I'm sure they have done this before and to others. I am writing this because we have a very serious problem going on and there are some sophisticated thieves among us. Please ensure you count your money while at the bank no matter how large or how much time it takes, please. You would think the bank would step outside the box of routine checks and begin to dig further because this is a huge internal business.



Data as of Q2 2020

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 - YTD1.65%
Return on Equity - YTD8.88%
Annual Interest Income$584.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$32.98B$22.38B
LoansQ2 2020vs Q2 2019$20.70B$10.50B
DepositsQ2 2020vs Q2 2019$26.24B$16.94B
Equity CapitalQ2 2020vs Q2 2019$6.04B$4.11B
Loan Loss AllowanceQ2 2020vs Q2 2019$324.2MM$87.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$70.8MM$38.2MM
Real Estate OwnedQ2 2020vs Q2 2019$6.2MM$2.0MM
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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+
1.00%*-$25kAt Work Checking
OTHER TIERS: 0.05% $25k+

LegacyTexas Bank (TX) CD Rates

1.00%$1k-120 Month Regular CD
1.00%$1k-Business 120 Month Regular CD
0.75%$1k-60 Month Regular CD
0.75%$1k-Business 60 Month Regular CD
0.70%$1k-48 Month Regular CD
0.70%$1k-Business 48 Month Regular CD
0.65%$1k-36 Month Regular CD
0.65%$1k-Business 36 Month Regular CD
0.60%$1k-24 Month Regular CD
0.60%$1k-Business 24 Month Regular CD
0.50%$1k-18 Month Regular CD
0.50%$1k-Business 18 Month Regular CD
0.40%$1k-12 Month Regular CD
0.40%$1k-Business 12 Month Regular CD
0.30%$1k-6 Month Regular CD
0.30%$1k-Business 6 Month Regular CD
0.15%$1k-3 Month Regular CD
0.15%$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

1.00%$1k-120 Month IRA
0.75%$1k-60 Month IRA
0.70%$1k-48 Month IRA
0.65%$1k-36 Month IRA
0.60%$1k-24 Month IRA
0.50%$1k-18 Month IRA
0.40%$1k-12 Month IRA
0.30%$1k-6 Month IRA
0.15%$1k-3 Month IRA
0.10%$100-12 Month IRA Start-Up


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