State Bank of Texas Launches New Digital Banking Platform
The State Bank of Texas has launched a new digital banking platform for its consumer and business clients. The new system, powered by Alkami, is designed to expand the bank's digital capabilities and improve security and convenience.
- State Bank of Texas was founded in 1987 by hotelier Chan Patel to help fellow Indian immigrants secure business loans for real estate and hotels. It has since become the largest Indian-American-owned bank in the United States. - The bank is a national leader in lending to the hospitality industry, a focus that has contributed significantly to its growth. During the COVID-19 crisis, for instance, the bank continued lending to hotels when many other institutions paused, allowing it to acquire new clients. - As of September 2025, State Bank of Texas held $2.8 billion in assets. The institution is consistently recognized as a top-performing community bank in the nation for its asset size, based on metrics like Return on Average Assets. - The bank remains a family-owned and operated business, with founder Chan Patel serving as CEO, his son Sushil Patel as President, and his son Rajan Patel as Chief Lending Officer. - The new platform from Alkami Technology provides modern tools for both retail and business clients. For business users, this includes features like Positive Pay & ACH Reporting to enhance fraud prevention and improve operational efficiency. - Alkami's platform utilizes artificial intelligence and data analysis to provide predictive insights and personalized product recommendations. It also integrates advanced security technologies, such as behavioral biometrics, to detect and prevent fraud.
