Nexbank is an American financial institution, with its headquarters based in Dallas Texas. It was established in 1934 and is currently ranked among the top 15 banks in Texas. Some of the banking services offered by the bank include mortgage banking, investment banking, and commercial banking. Apart from banking, Nexbank provides advisory services to real estate investors, large corporations, small businesses, middle-market companies, and capital market clients. James Dondero chairs the board of directors responsible for managing Nexbank. John Holt is its CEO and President.
Online banking services
Nexbank provides online banking services to its members. By logging into the bank’s website, clients can make money transfer transactions, pay bills, and check their bank balances. This gives the members the freedom to manage their finances conveniently at any time of the day.
Nexbank is doing tremendously well compared to other banking institutions in the United States. In 2014, the bank was recognized by Bank Director Magazine as the leading bank in Core Deposits. The magazine also ranked Nexbank as the third best bank in offering Net Loans & Leases, and the 7th in Core Revenues. In the same year, the bank was highlighted as one of the Correspondent Lenders to watch in 2014 by Housing Wire Magazine. In 2015, ICBA Independent Bankers Magazine ranked Nexbank as the 5th Top Performing Bank in the U.S. based on their Return On Assets (ROA) and Return On Equity (ROE).
Capital raising and philanthropy
In September 2016, Nexbank announced the increase of the amount of its private placement of senior unsecured notes from $50 million to $75 million. The proceeds generated from this offering were used to provide growth capital to its subsidiary banks. Around the same time, the bank announced a partnership deal with Dallas Neighborhood Homes, a program that concentrates on the provision of affordable housing loans to low-income families living in Southern Dallas. The bank will give loans to the tune of $50 Million towards the program for five years.