NexBank was founded back in 1922, and that is when it began operation as a community bank in Dallas Texas. From then, the bank has continued to develop and change the lives of so many people who have invested in it. Over the years, Nexbank has continued expanding its wings by even investing in other banks and financial institutions. Through the able leadership of John Holt CEO and president, Nexbank has become the leading community bank in Texas and its environs.
In 2016 financial year, the bank closed with assets net worth of $4.6 billion. However, all this money was collected using the diversity of the bank generation across the community. Rather than accepting deposits from investors, the bank also ensures that is involved in the community development strategy for a better tomorrow.
Therefore, NexBank delivers mortgage banking, commercial banking, and institutional services primarily to financial institutions and institutional clients. Also the bank is committed to serving financial and business needs of real estate investors, middle market companies, and large corporations.
Recently, the bank managed to strike a deal with the college savings Bank of Princeton, New Jersey. Although the New Jersey bank will continue operating as it is known to provide college saving to the over 529 plans, it will work under the umbrella of NexBank.
Some of the main reasons that have benefited the bank and has seen it grow over the years are its main core principals. Being part of the Capital Inc, NexBank serves customers across the country as a diversified financial company through its central business values Mortgage banking, Commercial banking and Investment banking.
For the continuous high capital levels, earnings and liquidity profile, NexBank SSB and NexBank Capital have received stable outlook and upgraded ratings from Kroll Bond Rating Agency. The bank has also received an update for both senior and deposit ratings from BBB- to BBB.