Press Release: Chan Patel Featured in Journal & Bank Earnings Announced

First quarter earnings in 2014 were announced today by the State Bank of Texas and the announcement also mentions how Chan Patel was featured in an article in Asian Hospitality (an Asian-American Hoteliers news magazine), quoting him on some of the elements required to be successful in business, such as having a leader with a true stake in the business:

Just like hotels, if an owner doesn’t own more than 5 percent he won’t take much interest in the business. But to me, this is my bank. In any business, an owner-operated enterprise is more efficient.

Patel was also similarly quoted recently in Garavi Gujurat, a Hindi newspaper in India.

Obviously, Patel’s philosophy is working very well for State Bank of Texas. In Q1 of 2014, the bank earned profits of $5.6 million and its total risk-based capital ratio is at a very advantageous level of 26.24%, enabling the institution to sustainably and consistently distribute shareholder profits.

Read the complete press release for more details: State Bank of Texas Q1 2014 Earnings; CEO Chan Patel Featured in Journal.