Chan Patel Founded Bank is Top Community Bank in U.S.!

The bank founded by Chan Patel, the State Bank of Texas, headquartered in Dallas has been designated as the highest-ranking community bank out of over four-thousand community banks in the United States, standing out from the crowd due to an excellent ROAA (Return On Average Assets) of 5.1% and an equally enviable ER (Efficiency Ratio) of 24.4%.

15 Best Run Community Banks, based on ROAA and Efficiency Ratio for 2014 | Chan Patel, Founder

 The State Bank of Texas was declared the #1 Community Bank in the U.S. this month by Sageworks, a financial information company founded in 1998 in a business incubator in

Recent Press Release Mentioning Chan Patel

Chan Patel was recently featured in a State Bank of Texas press release for his role as the founder, patriarch and CEO of the State Bank of Texas.

Chan Patel press release

Chan Patel began his career as an information technologist -- a programmer working for the airline industry in Dallas-Fort Worth (DFW), Texas. After working steadily and saving money, Patel bought into his first hotel/motel in the DFW area. Early on, Patel worked in the hotel and at his programming job simultaneously to insure everything kept afloat, but within a short timeframe his consistent, dedicated work ethic enabled him to focus on operating the hotel full-time. After the initial hotel acquisition, he quickly bought into more.