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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…

Independent Banker magazine sat down with State Bank of Texas president Sushil Patel to talk about standing by its hospitality customers during the pandemic. The full story can be found HERE. Independent Banker is the primary source of community banking news, trends, insights and analysis through an award-winning magazine published monthly by the Independent Community…

State Bank of Texas, America’s leading hospitality lender and one of the nation’s most successful community banks, has announced plans to exhibit at the upcoming 2021 National Convention and Trade Show of the Asian American Hotel Owners Association (AAHOA). With more than 18,500 hoteliers, AAHOA is the largest gathering of Asian American hotel and motel…

State Bank of Texas (SBT)—a $1-billion asset full-service commercial bank currently headquartered in Dallas, TX—announced today that it has finalized plans to build a new headquarters building in the Las Colinas Urban Center. Construction on the new headquarters should commence by the end of 2021 and is expected to be completed mid-2023. The building project…