Overview of Banks in Texas
Texas is not only one of the largest states in the United States in terms of the total size of the state and its population (which is approaching 30 million people), but Texas is also one of the largest economies in the world. According to the state government, Texas is the 10th largest economy in the world, and the top exporter in the United States with $375 billion of exports in 2021. While the state’s economy is dominated by the energy sector, there are 487 banks currently operating in Texas, including 403 which are also headquartered in the state. There has been a fair amount of merger activity among the banks in the state with the acquisition of BBVA USA by PNC Bank and the merger of Cadence Bank and BancorpSouth – while none of these banks are headquartered in Texas, they each had large shares of deposits prior to the transactions. and This page provides a guide to the banks in Texas, with directory information on the various active banks in the state, statistics on the banking sector and other helpful information to help you better understand the banking landscape in the state and to find the best banks in Texas.
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Largest Banks in Texas
The top 25 banks in Texas control 79% of the deposits within the state and collectively have $1.25 trillion of deposits. It is quite likely that if you are a resident of the state with a bank account or in the process of choosing a bank in Texas, you will encounter one of these banks.
- Charles Schwab Bank | Deposits in State: $327 billion | Market Share: 20.8%
- JPMorgan Chase Bank | Deposits in State: $289 billion | Market Share: 18.4%
- Bank of America | Deposits in State: $180 billion | Market Share: 11.5%
- USAA Bank | Deposits in State: $101 billion | Market Share: 6.4%
- Wells Fargo | Deposits in State: $95 billion | Market Share: 6.0%
- Frost Bank | Deposits in State: $39 billion | Market Share: 2.5%
- Texas Capital Bank | Deposits in State: $29 billion | Market Share: 1.9%
- Prosperity Bank | Deposits in State: $27 billion | Market Share: 1.7%
- Citibank | Deposits in State: $21 billion | Market Share: 1.4%
- Zions Bank | Deposits in State: $16 billion | Market Share: 1.0%
- Capital One Bank | Deposits in State: $12 billion | Market Share: 0.8%
- PlainsCapital Bank | Deposits in State: $12 billion | Market Share: 0.8%
- Independent Bank | Deposits in State: $11 billion | Market Share: 0.7%
- Comerica Bank | Deposits in State: $11 billion | Market Share: 0.7%
- First Financial Bank | Deposits in State: $10 billion | Market Share: 0.6%
- BOK Financial | Deposits in State: $9 billion | Market Share: 0.5%
- International Bank of Commerce | Deposits in State: $8 billion | Market Share: 0.5%
- Truist Bank | Deposits in State: $8 billion | Market Share: 0.5%
- Nexbank | Deposits in State: $7 billion | Market Share: 0.5%
- Veritex Community Bank | Deposits in State: $7 billion | Market Share: 0.5%
- Woodforest Bank | Deposits in State: $7 billion | Market Share: 0.4%
- Amarillo National Bank | Deposits in State: $7 billion | Market Share: 0.4%
- Regions Bank | Deposits in State: $6 billion | Market Share: 0.4%
- Allegiance Bank | Deposits in State: $5 billion | Market Share: 0.4%
- Happy State Bank | Deposits in State: $5 billion | Market Share: 0.3%
Largest Regional Banks in Texas
We defined regional as banks that derive the vast majority of their deposit base from depositors within the state. By definition these are banks that have regional focus within Texas and is an important characteristic for consumers that value a more tailored banking experience. As should be immediately clear, several of these banks are also among the largest banks in the state.
- USAA Federal Savings Bank | Deposits in State: $101 billion | % of Deposits in State: 100%
- Frost Bank | Deposits in State: $39 billion | % of Deposits in State: 100%
- Texas Capital Bank | Deposits in State: $29 billion | % of Deposits in State: 100%
- Prosperity Bank | Deposits in State: $27 billion | % of Deposits in State: 94%
- PlainsCapital Bank | Deposits in State: $12 billion | % of Deposits in State: 100%
- Independent Bank | Deposits in State: $11 billion | % of Deposits in State: 75%
- First Financial Bank | Deposits in State: $10 billion | % of Deposits in State: 100%
- International Bank of Commerce | Deposits in State: $8 billion | % of Deposits in State: 100%
- Nexbank | Deposits in State: $7 billion | % of Deposits in State: 100%
- Veritex Community Bank | Deposits in State: $7 billion | % of Deposits in State: 100%
- Woodforest National Bank | Deposits in State: $7 billion | % of Deposits in State: 79%
- Amarillo National Bank | Deposits in State: $7 billion | % of Deposits in State: 100%
- Allegiance Bank | Deposits in State: $5 billion | % of Deposits in State: 100%
- Happy State Bank | Deposits in State: $5 billion | % of Deposits in State: 100%
- Southside Bank | Deposits in State: $5 billion | % of Deposits in State: 100%
- Broadway National Bank | Deposits in State: $4 billion | % of Deposits in State: 100%
- The American National Bank of Texas | Deposits in State: $4 billion | % of Deposits in State: 100%
- Communitybank of Texas | Deposits in State: $3 billion | % of Deposits in State: 100%
- Inwood National Bank | Deposits in State: $3 billion | % of Deposits in State: 100%
- Texas Bank and Trust | Deposits in State: $3 billion | % of Deposits in State: 100%
- First National Bank Texas | Deposits in State: $3 billion | % of Deposits in State: 94%
- City Bank | Deposits in State: $3 billion | % of Deposits in State: 95%
- Verabank | Deposits in State: $3 billion | % of Deposits in State: 100%
- Spirit of Texas Bank | Deposits in State: $3 billion | % of Deposits in State: 100%
- Lone Star National Bank | Deposits in State: $3 billion | % of Deposits in State: 100%
Top Community Banks in Texas
Community banks play a particular important role in the financial system in the United States by increasing the access of financial services to even the smallest of communities in the country. Out of the 487 banks operating in Texas, 352 are community banks that have the majority of their deposit base derived from sources within the state.
- First Financial Bank | Total Assets: $13 billion
- Nexbank | Total Assets: $11 billion
- Veritex Community Bank | Total Assets: $10 billion
- Amarillo National Bank | Total Assets: $8 billion
- Allegiance Bank | Total Assets: $7 billion
- Broadway National Bank | Total Assets: $5 billion
- The American National Bank of Texas | Total Assets: $5 billion
- CommunityBank of Texas | Total Assets: $4 billion
- Inwood National Bank | Total Assets: $4 billion
- Texas Bank and Trust | Total Assets: $4 billion
- Verabank | Total Assets: $4 billion
- Lone Star National Bank | Total Assets: $3 billion
- Jefferson Bank | Total Assets: $3 billion
- Weststar Bank | Total Assets: $3 billion
- Austin Bank | Total Assets: $3 billion
- Interbank | Total Assets: $4 billion
- American Bank | Total Assets: $2 billion
- Horizon Bank | Total Assets: $2 billion
- Texas First Bank | Total Assets: $2 billion
- BTH Bank | Total Assets: $2 billion
- FirstCapital Bank of Texas | Total Assets: $2 billion
- Citizens National Bank of Texas | Total Assets: $2 billion
- Extraco Banks | Total Assets: $2 billion
- Texas Community Bank | Total Assets: $2 billion
- Texas Partners Bank | Total Assets: $2 billion