Category Archives: Banking

Growth and Development

Some customers are tired of dealing with national banks. There have been multiple scandals over the past year with large banks. Working with a local bank is the right choice for some customers. Nexbank is located in Texas, and it is one of the best banks in the state. The bank recently won an award in the industry for offering the best customer service experience. Working with Nexbank is a great way to get a loan with little hassle.

One of the traits that set Nexbank apart from other banks is the leadership team. All of the people who work at Nexbank live in the local community. As a result, the bank employees want to lend money to customers to stimulate the local economy.

Online Banking

Online banking is a significant trend in the industry. Over the past few years, Nexbank has invested a lot of time and money into online banking. Many young people prefer to utilize online banking over traditional banking methods.

Nexbank had to hire an outside company to help with the process. Few people who work at Nexbank have the skills to improve a website. Investing in an outside company was an excellent decision for the bank.

Lending Products

Nexbank offers a plethora of lending products for customers to utilize. Many customers want to borrow money to start a business or invest for the future. Real estate investing is becoming more popular with the strong economy. Some people want to start a side business to increase their income.

Nexbank has a bright future. The company is expanding, and many people enjoy working with the people at the company. Anyone who wants to have a positive banking experience should consider working with Nexbank. The company plans to acquire a smaller bank in the local area in the next year. With the acquisition, the bank will have much higher sales in the future.

The Best Banking Experience in Dallas

NexBank Capital, a finance company based out of Dallas Texas, in September of 2017 announced the completion of a 54 million dollar plan to bring additional funds in for general corporate purposes. This brings the grand total of funds raised to 283 million dollars since the company began collecting debt and equity in 2016.

The money comes in the form of notes that are non-callable for five years. The notes have a fixed interest rate of 6.3 percent for five years. Kroll Bond Rating Agency quoted the notes as having an investment grade rating of BBB and stated that it qualifies as Tier 2 capital.

NexBank has a total of eight and a half billion dollars in assets as of the end of 2017. NexBank primarily focuses on financial service but they also offer commercial bank and mortgage banking services for its customers.

NexBank’s executive team consists of John Holt as President and Chief Executive Officer, Matt Siekeilski as Chief Operating Officer, Stacy Hodges as Chief Financial Officer, Dierk Hohman as General Counsel, Rhett Miller as Chief Credit Officer and Craig Campbell as Senior Managing Director.

The bank has professionals working around the clock, combining financial mastery and personal insight to create an experience far superior to any other bank in the Dallas area. NexBank offers a variety of services to its clients including savings and checking accont options as well as mortgages, but the real advantage of having NexBank handle your finances is knowing that your investments are safe and secure.

NexBank was also the sponsor of last year’s Dallas Women’s Foundation’s 32nd Annual Luncheon. The bank donated one-hundred thousand dollars to the event. The luncheon’s purpose is to support advancing women’s economic security and leadership. The event took place on October 20th of 2017 at the Hilton Anatole Hotel. The event receives over 1300 business and community leaders every year in Dallas.

Dallas-Based Bank Teams up with Dallas Area Habitat for Humanity for Mortgage Loan Program

At the beginning of September 2016, Nexbank, which is a Dallas-based local bank, has announced its release of its Affordable Housing Loan Program. In partnership of the Dallas Area Habitat for Humanity, the new Housing Loan’s goal is to make 100 or more loans over the next five years to low-income families moving into homes within several zip codes in the southern Dallas area.

NexBank Partners with Dallas Neighborhood Homes To Expand Affordable Home Ownership in Southern Dallas

However, the program does not aim to simply provide the families with mortgage loans. They will also be providing financial counseling. The counseling will be offered through the Habitat for Humanity services. Nexbank will also be covering title fees through the area’s Habitat for Humanity and be paying up to $2,000 in closing costs for each loan.

Nexbank has been in business since 1922 and is now worth over $3.5 billion. Aside from their mortgage banking, they also provide commercial and investment banking. What makes them unique is that unlike almost any other bank, they provide both sophisticated and custom-tailored solutions to meet all of their customers’ needs.

As of February 2016, Nexbank’s assets total values at approximately $3,500 while their total deposits rounded up to just over $2,500. Over 50 percent of their aggregated loan profiles have gone to single families as opposed to commercial real estate (13 percent) and commercial and industrial (34 percent). Their success is ensured to continue as time goes on.