Overview / Commentary
5851 Legacy Circle
Plano, TX 75024

LegacyTexas Bank (TX) is headquartered in Plano and is the 8th largest bank in the state of Texas. It is also the 147th largest bank in the nation. It was established in 2006 and as of September of 2018, it had grown to 859 employees at 44 locations. LegacyTexas Bank (TX)'s money market rates are 14% higher than the national average, and it has an A health rating.

Related Posts

2.15% APY 13-Month CD Special In North Texas - 5/4/2018

2.15% APY 13-Month CD Special $10,000 minimum opening deposit May be opened as an IRA Call 972-578-5000 or stop by your nearest LegacyTexas banking center https://www.legacytexas.com/campaign/cdpromotion.html

View all posts from:

8/28/11 - Viewpoint Bank RCA Rate Change To 3%
9/1/10 - Viewpoint Bank Rate Tiers Changing Effective November 1, 2010
7/27/10 - Update on ViewPoint's Reward Checking Account - New Accounts Now Limited to Texas
7/26/10 - ViewPoint Bank Narrows Its National Availability
7/7/10 - Reward Checking Gotchas - ViewPoint Bank
6/18/10 - Details of Applying For ViewPoint Bank's Reward Checking Account
5/14/10 - I've Been Reading The Bad Rejection Review Here And Hesitate To Open Account
5/5/10 - I Am Out Of Their State And They Approved My Online Application
4/14/10 - To Anon#30
4/6/10 - I Called The Bank
4/2/10 - To All The Dishearted Individuals Above Check Out Pelican State Credit Union
3/29/10 - My Application Was Rejected
3/24/10 - @Anonymous Who Posted On 3/15/2010
2/6/10 - L- Your Comments In Defense Of This Bank Are Unreasonable Unless Of Course You Are Their Employee
1/28/10 - L- Do You Work For This Bank
1/21/10 - They're Based Out Of Texas
1/13/10 - And If It Was Fraud Or A Scam To Get Personal Information
1/13/10 - Well...If You Have So Many Accounts That Are Paying High Interest
1/12/10 - Hahahahaha
1/10/10 - Like The Others Postings
1/10/10 - I Ve Had A Really Good Experience
1/7/10 - Totally Agree With All The Postings Here
1/7/10 - Totally Agree With All The Postings
12/23/09 - What A Joke
12/22/09 - Same Case. My Application Got Rejected For No Reason (I Have An Excellent Credit And Has Never Been
12/18/09 - Don't Waste Your Time To Apply It
12/8/09 - This Bank Is A JOKE
11/8/09 - Reward Checking Account at a Texas Bank (ViewPoint)
11/3/08 - 5.25% 60-Month CD at ViewPoint Bank - Nationally Available
9/20/07 - iPod nano Checking Account Bonus at ViewPoint Bank (Nationally Available)
11/6/06 - 6.00% 12-Month CD Still at a Dallas Bank - $125k min (ViewPoint)
10/10/06 - 6.00% 12-Month CD at a Dallas Bank - $125k min (ViewPoint)

My review of Legacy Texas

I have been with Legacy Texas for the past 5 years. I have been with them when it was the local community credit union. They have since change and became the bank that they are now today. This bank is not like the big brands, they have all the same amminities but with the small town helpfulness. You can walk into any branch and the team will greet you with a handshake and a warm cup of coffee. At my local branch they have been extremely helpful with any thing that I need from statements to helping me locate a past deposits. The big banks are not the only choices you can trust this small town bank as well.

Old Reviews

Posted by: txlegacy | Dec 24, 2015

LegacyTexas Bank was formed at the end of 2014 and changed names early 2015. View Point and other banks where acquired by LegacyTexas. If you are looking at reviews on this site for LegacyTexas and the date is prior to 2014, then the reviews are not actually about LeqacyTexas. For me, it has been the best bank I have dealt with. I have had accounts a Chase, BOA, before that NationsBank, WellsFargo, Frostbank (another great bank), 1stcb and a few others. My wife and I just finished a completing a chapter 13 and were able to get 4.0% on an auto loan for 16K. No other bank would work with us. We received personal service. I would rate this bank perfect for everything I have ever used them for. And keep in mind reviews prior to 2014 are not for LegacyTexas.

I Dont Know Anything About Banks But...

Posted by: dorianjp | Aug 3, 2018

I did get stranded in California as well because of them. Customer service is different based on location.

Terrible Loan Experience -

I was referred to Legacy by a company that did business with them. We went to them for a home improvement loan and the experience was a mess. We understand every bank has their own lending criteria and since they have to answer to their investors they can set their standards however they choose. JUST BE HONEST. Before we submitted our loan request we went over in detail what was and was not on our credit. We gave them the score and they said we don't see any problems and lets get the loan done. WRONG. They say they use experian but somehow THEIR score and experian were different. I guess they use a internal model for the final decision. They declined us for escalating debt which is not true we paid off 25K in credit card debt in past 3 months and sold a rental property 45 days ago. Other reason was derogatory credit history. WRONG. My wife has a 60 medical bill that is being contested and I have an IRS lien that has been with me for 10 years and I have a 100% on time payment history over those 10 years. All of which was disclosed before we submitted. Our credit report has no other late payments on the the report....... ZERO. Oh yeah speaking about the credit report by wife and I are both over 700 on our scores, which we verified with experian, but they said they were below.

Not sure what they are doing but when you explain everything to them, they lie to you and then again lie to you about why they turned us down so I am not sure what to think. The story ends well as we submitted to another bank and was approved in 24 hours and even got a 1/4 point better interest rate. BEWARE as this place says one thing and does whatever they want.



Health Grade Components

FDIC Certificate #58006
Year Established2006
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD12.76%
Annual Interest Income$314.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$9.09B$9.07B
LoansQ3 2018vs Q3 2017$7.78B$7.71B
DepositsQ3 2018vs Q3 2017$6.81B$6.79B
Equity CapitalQ3 2018vs Q3 2017$1.12B$1.04B
Loan Loss AllowanceQ3 2018vs Q3 2017$66.4MM$70.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$17.4MM$76.7MM
Real Estate OwnedQ3 2018vs Q3 2017$1.8MM$12.4MM
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Always verify rates and promotions with the bank or credit union. We are not LegacyTexas Bank (TX); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

LegacyTexas Bank (TX) Savings Account Rates

0.10%*$250k*-Health Savings Account
OTHER TIERS: 0.05% $5k - $250k
0.05%--Basic Savings
0.05%--Kids Club Savings
0.05%--IRA Savings
0.05%--Business Savings

LegacyTexas Bank (TX) Money Market Rates

0.50%*$5m*-Premier Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k | 0.35% $250k - $1m | 0.40% $1m - $5m
0.35%*$250k*-Money Market Checking
OTHER TIERS: 0.02% Up to $2.5k | 0.05% $2.5k - $7.5k | 0.10% $7.5k - $50k | 0.25% $50k - $250k
0.25%*$5m*$25mBusiness Premier Money Market Savings
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $250k | 0.20% $250k+
0.20%*$100k*-Business Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $50k | 0.15% $50k - $100k
0.15%*$25k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k

LegacyTexas Bank (TX) Checking Account Rates

1.00%*-$25kMaximum Checking - Qualifying
OTHER TIERS: 0.25% $25k+
1.00%*-$25kAt Work Checking
OTHER TIERS: 0.25% $25k+

LegacyTexas Bank (TX) CD Rates

2.75%$1k-120 Month Regular CD
2.75%$1k-Business 120 Month Regular CD
2.45%$1k-60 Month Regular CD
2.45%$1k-Business 60 Month Regular CD
2.30%$1k-48 Month Regular CD
2.30%$1k-Business 48 Month Regular CD
2.15%$1k-36 Month Regular CD
2.15%$1k-Business 36 Month Regular CD
2.00%$1k-24 Month Regular CD
2.00%$1k-Business 24 Month Regular CD
1.50%$1k-18 Month Regular CD
1.50%$1k-Business 18 Month Regular CD
1.00%$1k-12 Month Regular CD
1.00%$1k-Business 12 Month Regular CD
0.50%$1k-6 Month Regular CD
0.50%$1k-Business 6 Month Regular CD
0.10%$100-12 Month Regular Start-Up CD
0.10%$100-Business 12 Month Regular Start-Up CD
0.05%$1k-3 Month Regular CD
0.05%$1k-Business 3 Month Regular CD

LegacyTexas Bank (TX) IRA Rates

2.75%$1k-120 Month IRA
2.45%$1k-60 Month IRA
2.30%$1k-48 Month IRA
2.15%$1k-36 Month IRA
2.00%$1k-24 Month IRA
1.50%$1k-18 Month IRA
1.00%$1k-12 Month IRA
0.50%$1k-6 Month IRA
0.10%$100-12 Month IRA Start-Up
0.05%$1k-3 Month IRA


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