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Fortune
Fortune
Casey Bond

State Bank of Texas Review 2023: A family-owned financial institution serving the hospitality industry

Illustration of the State Bank of Texas logo surrounded by a blue and red frame. (Credit: Illustration by Fortune; Original logo by State Bank of Texas)

Founded in 1987 and headquartered in Dallas, State Bank of Texas is a privately held, independent community bank. It serves a unique niche in the banking industry as the country’s largest lender to the hospitality industry. 

Over the past decade, the bank has acquired Millennium State Bank of Texas, National Republic Bank of Chicago, and Seaway Bank, making it the largest Indian-American owned bank in the United States. It offers several branches located throughout Texas, as well as Chicago, Illinois.

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