BankRegData ranks SBT #1 community bank with assets from $100 million to $10 billion

March 03, 2022

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 billion in assets. The ranking was compiled by BankRegData from year-end FDIC Call Report Data, excluding credit card and home mortgage banks.

“This recognition reflects our commitment to the industry,” says Sushil Patel, President of State Bank of Texas. “This is a true testament to our lending philosophy and the core values of our business.” It is a lender to independent and franchise limited-service hotels and motels nationwide and known within the industry for closing loans in as little as 10 days.

From December 2019 to December 2021, State Bank of Texas grew its loan portfolio by close to 50% from $681 million to $1 billion. “Despite the hotel industry going through a difficult time during the pandemic, our bank continues to thrive,” says Rajan Patel, Chief Lending Officer and EVP of State Bank of Texas. “It is largely due to the grit and determination of the thousands of family-owned businesses we serve.”

As an Indian-American, family-owned bank, State Bank of Texas specializes in serving Indian-American hotel owner-operators, a population that owns two-thirds of all hotels in the U.S.

“The more people learn about our character-based approach to hospitality lending, the more they want to align with us,” says Sushil Patel. “They’re not only putting their trust in a community bank, but a fellow hotelier and family business.”

State Bank of Texas was founded in 1987 by hotelier Chan Patel and continues to be owned and operated by the Patel family, with Chan Patel (father) serving as CEO, Sushil Patel (son) as President, and Rajan Patel (son) as Chief Lending Officer and EVP. As the largest Indian-American-owned bank in the U.S., the bank focuses on lending within the hospitality industry.

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