Business Details
39 Years
experience
Trusted Hospitality Lending & Community Banking in Texas
Since 1987, State Bank Of Texas has been a family-owned community bank dedicated to combining strong business principles with hospitality industry expertise. Founded by legendary hotelier Chan Patel, our institution has grown to become the largest community bank lender in the hospitality sector while maintaining top rankings for financial metrics like Return on Average Assets. Our leadership team, including Sushil and Rajan Patel, continues this legacy through fast loan approvals, competitive deposit rates, and a commitment to personalized service. With $2.8 billion in assets and a 5-star Bauer Financial rating, we prioritize stability and growth through sound financial practices.Our recent digital banking upgrades reflect our ongoing commitment to innovation while maintaining the family values that have guided us for over three decades. We serve clients nationwide with specialized hospitality lending solutions and a deep understanding of the industry's unique needs.
Services
Hospitality Lending
Business Checking
Personal Banking
Certificate Programs
Digital Banking
Treasury Services
Foreign Exchange
Details
- Year established: 1987
Highlights and features
- Family-owned since 1987 with hospitality industry expertise
- Consistently ranks top for financial metrics among peer banks
- Fast loan approvals with industry-leading hospitality lending experience
- Offers highest deposit rates with A+ DepositAccounts.com rating
- Recently upgraded digital banking platform with enhanced security
Associations and certifications
- Bauer Financial
Services
Hospitality Lending
Specialized lending solutions for hospitality industry professionals. Our team provides fast approvals and tailored financing options for hotel acquisitions, renovations, and development projects. With decades of industry experience, we understand the unique financial needs of hoteliers and offer competitive rates for both short-term and long-term investments.
Business Checking
Comprehensive business banking solutions designed for growing companies. Our business checking accounts offer flexible features including cash management tools, remote deposit capture, and customized treasury services. These accounts are ideal for businesses seeking efficient financial management with personalized support from experienced banking professionals.
Certificate Programs
High-yield certificate of deposit options for both business and personal investors. Our certificate programs offer competitive annual percentage yields with terms ranging from short-term to long-term investments. Minimum deposit requirements apply, with special jumbo rates available for qualified investors seeking higher returns on their savings.
People
Sushil Patel
President
Third-generation banking leader with over 20 years in hospitality finance. Sushil Patel drives strategic growth while maintaining family commitment to personalized service and community values.
Rajan Patel
Executive Vice President
Hospitality lending expert with extensive experience in commercial real estate financing. Rajan Patel oversees loan operations and maintains the bank's industry-leading position in hotel sector investments.
Questions
What makes State Bank of Texas unique in hospitality lending?
We combine three decades of hospitality industry expertise with fast loan approvals and personalized service, making us the top community bank lender in this sector.
What deposit rates do you currently offer?
Our high-rate jumbo CD and money market accounts offer 3.90% and 3.92% APY respectively with $100,000 minimum deposits as of our latest rates.
How can I access digital banking services?
Our upgraded digital platform provides secure online access to accounts, remote deposit capture, and treasury management tools through our website's secure login portal.
What recognition has the bank received?
We've earned Bauer Financial's 5-star rating, American Banker's Top-Performing Bank recognition, and consistently rank highest for hospitality lending by ICBA.
