Retail banks in Texas prove the old adage "Everything's bigger and better in Texas." Texas has all the major banking chains, a few regional southwestern banks and more than its share of Texas-only banks.
All types of businesses can receive Texas retail banking services. Interested businesses will find that Texas retail banking offers more options than most other states. When sorting all the choices for Texas retail banks, consider the following:
1. You can use a major chain such as Bank of America or Citibank for your Texas retail banking needs.
2. Regional Texas consumer banks cater to the big state’s needs and concerns and boast that they have a long tradition of fostering Texas values and businesses.
3. Small, local community banks in Texas offer services appropriate for farmers, including agricultural loans and leasing.
Action Steps
The best contacts and resources to help you get it done
Choose from a number of popular retail banks in Texas with national scope
Retail banking in Texas includes several branches, business services and ATMs for well-known national chains, such as Wells Fargo and Washington Mutual. The Dallas, Houston, El Paso and Austin areas offer many branch options. In the rest of the state, however, ATMs are plentiful even if branches are not.
I recommend: Check out
Citibank, which has Citibusiness banking online and at branches in major metropolitan areas and suburbs. Visit
Bank of America for their business deposit and employee check card services. Frequent
Wells Fargo for their Texas banking services, including their business real estate financing, lines of credit and cash management services.
Find community banks in Texas that cater to specific needs of Lone Star State businesses
Texas claims so many financial institutions that the state's list of top 100 banks barely scratches the surface. Some Texas community banks have a long tradition of serving local businesses and farming communities.
I recommend: Use
First Texas Bank for their commercial account analysis programs, debit cards, wire transfers and Visa and MasterCard merchant services. Grow your business with a Small Business Administration loan via
Texas First Bank. Yes, Texas has both a First Texas Bank and a Texas First Bank.
Look into Texas retail banks that serve small counties and farming communities
Texas has 254 counties and many of them have community or local banks that offer services geared to local businesses.
I recommend: Contact The
National Banks of Central Texas to open a small business account with no minimum deposit. Call
American State Bank if you're in the Lubbock or Midland area and take advantage of employee benefit planning and lock box services.
Tips & Tactics
Helpful advice for making the most of this Guide
- Smaller retail banks in Texas sometimes charge fees for accounts that dip below a certain amount. If you're considering starting a business account at a county or city bank, be aware of this fact.
The official source of Retail Banks in Texas is the Retail Banks in Texas page at Business.com
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