Texas Bankers Association names SBT #1 community bank in the nation amongst banks with assets of $100 million – $10 billion.

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SBT building

April 11, 2022

State Bank of Texas (SBT) has ranked as the top performing community bank in the nation among all community banks between $100 million and $10 billion in assets, according to the Texas Bankers Association. The full story can be found HERE.

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.

“It is largely due to the grit and determination of the thousands of family-owned businesses we serve. 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. The more people learn about our character-based approach to hospitality lending, the more they want to align with us.”

Founded in 1885, the Texas Bankers Association is a member-centric state organization based in Austin whose members represent the voice of the banking industry within the state and national halls of Austin and Washington, D.C. In addition, its members participate in discussions around financial and economic roundtables where community leaders ponder safety and soundness issues confronting the state and national economics.

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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