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.”
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 […]
Chan Patel: From $2 Million to $90 Million in 27 Years
In an April article, “Chan Patel turned to other motel owners to start State Bank of Texas“, Asian Hospitality journal reports how Chan Patel founded the State Bank of Texas in the 1980s with only $2 Million in capital, and then steadily built upon that to show $90 million in equity capital and total assets of $432 million now. The bank is particularly successful with commercial real estate (“CRE”) loans — so much so that the FDIC allows it to […]
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. […]