The S&P Global released its annual rankings for best-performing community banks with assets under $3 billion, and State Bank of Texas (SBT) ranked #2 out of 4,015 banks nationwide for 2021. The full story can be found HERE. S&P Global Market Intelligence launched the rankings more than a decade ago to assess the performance of…
Month: March 2022
The Federal Reserve Bank of Dallas has appointed seven new members to its Community Depository Institutions Advisory Council. State Bank of Texas President Sushil Patel has been selected to a three-year term on this highly-respected banking council. The council, composed of representatives from financial institutions of various sizes in the Eleventh District, is part of…
State Bank of Texas, the nation’s leader in hospitality lending, is reporting its 2021 year-end results today with a net profit of $50 million and total assets of $1.35 billion. The bank’s Return on Average Assets (ROAA) is 4.43%, placing it #1 by ROAA (%) among the 1,551 community banks between $100 million and $10…