The Houston Business Journal has reported that Texas has received yet another award touting our business climate — the 2015 Gold Shovel Award from Area Development Magazine. Billions of dollars in new development and the relocation of Toyota’s headquarters to Plano — along with some 4000 jobs — were among the contributing factors to our state’s ongoing business success. JGC American Inc. also plans to add roughly 1000 jobs for its new Westchase location in Houston. Of course, the concerns over […]
Category: Texas Business
We’re No. 1
This article at the Dallas Morning News proves what we at the State Bank of Texas have long known: Texas is the best place in the country to do business. Sean Lester writes, “Despite the state of Texas’ recent decline in job creation, the Lone Star state appears to still be the country’s top destination for doing business and creating business opportunity.”
State Bank of Texas Continues Growth
State Bank of Texas had a remarkable 2014. In October, we assumed all of the deposits of the National Republic Bank of Chicago (NRB), acquiring them by entering into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC). With this move, State Bank of Texas acquired approximately $954.4 million in total assets and $915.3 million in total deposits. In addition to assuming all of the deposits of The National Republic Bank of Chicago, State Bank of Texas […]
Expanding on expansion in Frisco
Mixed use developments are areas designed to blend residential, retail and office/commercial spaces in a pedestrian-friendly environment. And they’ve done very well in the Dallas area. In Uptown, the West Village opened in 2001, and has been booming ever since. Starting at 125,000 square feet, it will soon grow to over 250,000 square feet, with shops and entertainment and rubbing elbows with offices and condos. In Plano, the Shops at Legacy are a similar success. Its been estimated that some […]
More good news for the construction industry
Universities all over the United States were, like other institutions, hit by the recession. But as the recovery continues, university finances are doing so as well. Which means construction projects that were put on hold are now roaring to life. Private universities are leading the way, not being dependent on state budgets. Yale, with its generous donors, has raised $500 million dollars to construct two new residential colleges. Massive projects are similarly underway at Notre Dame. And Texas, of course, is building […]
Dallas Planning A $250M Expansion of Kay Bailey Hutchison Convention Center
Dallas is apparently planning a major expansion of the Kay Bailey Hutchison Convention Center in downtown. Dallas Business Journal reports that the expansion will be paid for by a 2 percentage point increase in Dallas’ hotel occupancy tax, bringing the city’s overall hotel occupancy tax up to 17%. The Convention Center is already quite large — nearly a quarter-mile in length!?! So, an expansion would make the place gargantuan!
Texas Real Estate Markets Take the Lead
PricewaterhouseCoopers LLP and the Urban Land Institute have released their annual survey of the most attractive cities for buying and investing in real estate. Texas nabbed three of the top five spots, with Houston and Austin eclipsing long-time powerhouse San Francisco. Denver and Dallas-Fort Worth completed the top of the list.
State Bank of Texas is #1 Community Bank in the U.S.!
Sageworks has declared State Bank of Texas to be the top community bank out of 4,566 community banks throughout the entire United States with an ROAA (Return On Average Assets) of 5.1% and an ER (Efficiency Ratio) of 24.4%!
Positive Economic Indicators Showing Up In North Texas
The economic health of an area or a state can be difficult to evaluate accurately, but you can get a good idea by looking at a couple of factors: new businesses, or businesses that relocate to an area, and tourism. By both standards, Texas seems to be doing well. In recent years, dozens of companies have moved out of California, and many found new homes in Texas – partly because Texas is a no-state-income-tax state, and partly because of economic […]