texas and trust bank

Texas Bank and Trust are not only offering financial services, it’s a symbol of the state’s strongest independent financial institution. After receiving services from this bank, you’ll understand what brand of banking is.

Your money is easy to manage, but difficult to duplicate. Isn’t it cool? This bank is also best to provide technologically advanced products. That means you can use your account as an on-the-go option. All product rates are also competitive. What more do you need from a bank?

With personalized and reliable customer service, this bank becomes a family for its customers. Here are more details about this bank.

Picture: Texas Bank and Trust

What Is Texas Bank and Trust?

First, we can say that Texas Bank and Trust is a large bank in this state. It started in 1958 whose headquarters are in Longview, Texas. With $2 billion in assets and $2 billion in deposits, this bank manages its banking activity smoothly.

To make their customers happier, they offer the best customer service. They have a live chat feature that guides us in the way that we want.

They’ve even included online and mobile banking in their services. Their mobile app got a 4.3 rating out of 5. That means, it’s not only user-friendly but also the best in business.

texas bank and trust website
Picture: Visit Website of TBT

Assets and Liability Status:

Need a quick view of the assets and liability status of this bank? Look below.

ParticularQ1 2021Q1 2020
Assets$3.58 B$2.69 B
Loans$2.45 B$2.08 B
Deposits$3.20 B$2.34 B
Equity Capital$370.3 MM$338.1 MM
Loan Loss Allowance$37.3 MM$33.0 MM
Real Estate Owned$0$0

What Is The Vision And Mission of This Bank?

This bank has a progressive vision for its future. They work hard to reach the goal that is set above anything. Their dedication to banking reflects the unity and integrity that brings honor.

They have a motto to serve three types of community and that is individuals, business, and industry. But a specific vision and mission that drives them to make the banking service better and better. Let’s know what that is.

Vision:

Texas Bank and Trust believe that they can create a banking atmosphere to ensure better financial life for their customers and communities.

Mission:

Without a mission, it is not possible to reach the goal. With perfect, energetic, and inspirational leadership, every one of these banks is committed to providing exceptional financial solutions including every type of people and business.

Grace senior selected for Texas Bank and Trust
Picture: Grace senior selected for Texas Bank and Trust

What Are The Basic Products of This Bank?

Texas Bank and Trust have a few limitations for their product but they have the most important and basic financial product for us. Let’s see what they are.

Personal Banking:

Checking:

  • Personal Checking

Read More: All The Difference Between 403b And 401k Plans

Savings:

  • Personal Savings Accounts
  • IRAs
  • CDs
  • Cool Kids Savings Club

Lending:

  • Consumer Loans
  • Mortgage Loans
  • Loan Payment

Other Services:

  • OMNIClub
  • Compare TBT Visa@ Cards
  • TBT Visa@ Gift Cards
  • Allpoint ATMs
  • Personal Services
  • Report Lost or Stolen Visa@ Cards
  • Loan Payments

Business Banking:

Deposit Accounts:

  • Business Checking Accounts
  • Business Savings Account

Lending:

  • Business Loans 

Treasury Management Solutions:

  • Services
  • Trusteer Rapport

TBT Visa@ Business Card:

Rates of Financial Product:

Reviewing the rate and verifying them to get the best financial product is important for everyone. When you get the rate, it becomes easy to compare them with other banks or national averages. So, what about the rate of this bank? You need to check the below table for that.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Account0.15% APY$1
Checking Account0.1% APY$1500
Certificates of Deposit12 Month: 1.61% APY24 Month: 1.86% APY36 Month: 2.12% APY48 Month: 2.27% APY60 Month: 2.37% APY$1000 for all terms
Money Market Accounts0.1% APY 0.1% APY$10000 $15000

As you see, we mentioned the rate for various types of products like savings accounts, checking accounts, money market accounts, and most importantly CDs. Based on the rate, I hope you already know which option is better for you.

Now you know if you are getting more return for your money or not. For many products, this bank offers a fair rate compared to the national average.

National Bank vs. Texas
Picture: National Bank vs. Texas

What Are The Key Highlights of This Bank?

This bank is best in many sectors but in some points, they can still improve. Let’s see what are the key points of this bank that we’ve found after deep research.

  • Live Chat Customer Services
  • Low Fees
  • Highly Rated Mobile Apps
  • Multiple Banking Products

Read More: Why You Shouldn’t Never Follow Investing Tips from Reddit?

Fees:

Providing services for financial products is related to different types of charges. This bank is good in this case. Their charge rate is average and in many cases, they have a lower charge rate than the national average. For a better banking experience, this rate plays a vital role.

At first, it didn’t charge for out-of-network ATM fees. But their overdraft fee charges $30 and this amount are also lower than the national average. We made a chart for you to keep an eye on the charges.

ParticularsAmount of TBTNational Average
Monthly Fee$8.00$3.21
Non-network ATM Fee$0$1.20
Overdraft Fee$30.00$35.00

Overall Service Quality:

To reach the customer and offer better services, this bank has 21 branches in different locations. Not only that, but they also have mobile and web apps that are full of features.

All these features make account management easier than everything for a customer. Their live chat option allows customers to make a direct interaction to solve any problem.

For customer satisfaction, this bank can get 5.0 out of 5. They may not have any online banking portal but their other services like mobile banking or live chat are best.

Picture: Texas Bank and Trust mobile
Picture: Texas Bank and Trust mobile

Conclusion:

With unique core values, Texas bank and Trust set the highest ethical standards in the banking sector. They are not only responsible for accountability but also best for dignity and respect.

Customers know what types of service they need and what they can get from this bank. That’s why most of them love to manage their accounts and other financial products with this bank. After assuring customer services, this bank set a goal for the future.

With their superior performance and hard work, we are getting the best banking service in a single place. Finally, this bank is a better option for daily banking.

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