DALLAS, TX — State Bank of Texas (SBT), a full-service commercial bank currently headquartered in Dallas, Texas, announces that it has finalized plans to build a new headquarters building in the Las Colinas Urban Center. Construction on the new headquarters should commence by the end of 2021 and is expected to be completed mid-2023. The building project was announced by Chan Patel, CEO and Board Chair of SBT.

“We are tremendously pleased to be locating our headquarters in the vibrant Las Colinas Urban Center,” Chan said. “This investment further strengthens our commitment to the Irving/Las Colinas community and allows our business ample room to continue growing.”

The Patel’s connections to the community as business and civic leaders run deep. Irving residents since 1981, Chan and Surekha Patel recently announced a $2-million gift to enhance the surgical and cardiovascular care at Irving’s only charitable community hospital, Baylor Scott & White Medical Center - Irving. This is the single largest gift given by any donor in the history of the Baylor Scott & White Irving Foundation and was recognized by having the Patel’s names added to the hospital’s Medical Office Building One.

In addition, the Patels spearheaded the construction of the SLPS Community Center, an Irving facility that serves as a gathering location for the Dallas Surti Patel community of over 900 families and is named in the Patel’s honor. Sushil Patel, SBT President, is the current Vice Chair of the Las Colinas Association, has served on the City of Irving Bond Task Force, and as Chair of the Planning and Zoning Commission.

“When it came time to select a location for the bank’s headquarters, we knew it had to be in Irving/Las Colinas,” Sushil said. “This announcement is more than just about a building; it’s about our company and our family’s commitment to our associates and to a lasting legacy in Irving/Las Colinas.”

“We are proud of SBT’s commitment and investment in Irving,” said Irving Mayor Rick Stopfer. “We believe SBT’s decision to establish this boutique build-to-suit, corporate headquarters in the heart of the Las Colinas Urban Center will be beneficial to not only its workforce with nearby residential options and quality amenities, but also to the community through new job creation and significant capital investment."

The new SBT headquarters is being designed by the Dallas firm of Malone Maxwell Dennehy Architects. The Class AA 48,000-square-foot building will be four stories, with a full glass curtain wall with a datum wall feature. Executive underground parking along with a parking structure for employees will provide protected, easy access for building tenants. Occupying the top two floors, the bank will be consolidating operations from Dallas, Chicago, and Atlanta. In addition, an SBT branch will be located in the lobby. Remaining space on the first and second floors will be available for tenant lease.

“We have worked closely with the architecture firm to design a building that is aesthetically pleasing, forward-looking with technology and workspace considerations, and sized appropriately for the community and our business needs," said Rajan Patel, SBT’s Chief Lending Officer. "With our extensive experience in the hospitality industry as well as banking, we appreciate how important the right building can be. The resulting design is one we will be proud to claim for SBT’s future.”