First State Bank of Texas is recognized by DepositAccounts.com
Last updated 5/14/2019 at Noon
First State Bank of Texas is recognized by DepositAccounts.com in 2019 Top 200 Healthiest Banks in America
DepositAccounts.com, a subsidiary of LendingTree, has released its list of the 2019 Top 200 Healthiest Banks in America.
“We are truly honored to have First State Bank of Texas recognized among the top 200 healthiest banks in America,” said Damon R Vacek, President and CFO. “Being part of this list shows our tremendous efforts and continued commitment to excellence. Its why we remain Your Only Source for Hometown Banking in the many communities we serve.’
DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter. To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 100,000 comments, customer reviews, and forum threads.
About First State Bank of Texas
First State Bank first opened its doors on August 12, 1914.
Previous stockholders include John Nance Garner, former Vice President of The United States.
Over the past 105 years, the bank has exhibited strength to endure The Great Depression, numerous recessions, floods, oil busts, and real estate downturns – never once closing its doors to its customers.
On August 12, 2016, First State Bank started a new chapter, under new ownership, a plan to expand into new markets, and a new name – First State Bank of Texas.
First State Bank of Texas offers a full range of banking services to small and medium- size businesses, real estate investors and developers, private investors, professionals and individuals.
First State Bank of Texas serves two markets, South Texas and Southeast Texas, through three branches with several more on the horizon.
A high level of responsive and personal service coupled with quick, local decision-making is the hallmark of its banking strategy.