INFO@STATEBNK.COM 972.252.6000 CONTACT US LOCATIONS Hospitality Business Personal Services About Us SECURE LOGIN OPEN ACCOUNT OUR STORY: THE HISTORY OF STATE BANK OF TEXAS About Us Locations Leadership History Guiding Principles Board of Directors News & Events Careers FAQs Our Story State Bank of Texas is the culmination of years of hard work, grit and a determination to succeed, driven by founder Chan Patel. His story is the story of State Bank of Texas. Founder: Chan Patel Born in Bombay, India, in 1945, Chan Patel is an example of the American Dream personified. He grew up in an 8 X 8 room in the Dadar area of Mubai, India, with four siblings and his parents. In 1965 with $600 (his father’s whole life savings), he came to American to attend Stanford University and, through hard work and perseverance, earned his bachelor’s degree with top honors. Following his undergraduate degree, he was accepted to some of the finest graduate institutions in America, including MIT, Columbia, and Stanford. This was the beginning of Chan’s journey to the American Dream, a journey that would help transform the face of the hospitality industry. After earning master’s degrees from both Stanford and John’s Hopkins University, Chan took a job as a programmer with Braniff Airlines—a job that brought him to Dallas, Texas where he would make his indelible mark. In 1976 Chan bought his first hotel. In his first year as a hotel owner, he worked three jobs to support his investment and his new family; because of his dedication, his hotel quickly began to make money and he was able to stop working with Braniff and devote himself to becoming a hotelier. It took him no time at all to become a giant in the hotel industry, and he quickly expanded his empire to include a total of 17 hotels. However, Patel has never been a man to rest on his laurels. In his journey to become a hotel owner, he learned that many of his fellow immigrants found it difficult to get a loan due to cultural differences. With this observation, a dream was born. The beginning of State Bank of Texas State Bank of Texas Today Ready to get started? CONTACT US About State Bank of Texas: State Bank of Texas, founded in 1987, is one of the country’s best-performing community banks. It has carved a unique niche in the banking industry, staking its claim as the country’s largest lender to the hospitality industry. It is also the largest Indian-American-owned bank in the country. Undergirding the bank’s success is its laser focus on staying true to its purpose. As a privately held, independent bank, State Bank of Texas is committed to best-of-class customer service, personal attention, fast loan approval, and being accessible to customers across the country. Hospitality Hospitality Lending Latest Deals Checking Personal Banking Certificates of Deposit Money Market Checking About Us Locations Leadership History Guiding Principles Board of Directors News & Events Careers FAQs Privacy policy Funds Availability Policy Business Banking Money Service Business (MSB) Certificates of Deposit Business Money Market Treasury Services Checking Services Online Services Mobile Services Banking Services Remote Deposit Capture Treasury Services Foreign Exchange Currency Service Forms © Copyright 2020 2021, State Bank of Texas Security Center ATM Security Terms of Use Member FDIC