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 […]
Texas Job Growth Continues
The business climate in Texas must be tempting. And the Texas Workforce Commission has the numbers to prove it. In October, Texas added over 35,000 new seasonally-adjusted jobs, bringing the yearly total up to nearly 422,000 total. And the good news doesn’t stop there. The state unemployment rate also fell from 5.2 percent to 5.1 percent. Altogether, Texas has set the record for adding jobs for three months in a row. Texas Workforce Commission Chair Andres Alcantar is reported to […]
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%!
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. […]