Based in Dallas, Nexbank SSB is a regional bank and financial services company offering its clients mortgage banking, commercial banking, corporate advisory services, and investment banking. The bank customer’s mostly financial institutions, institutional clients, and corporations enjoy personalized banking and financial services. They include mergers & acquisition, lending, corporate finance and advisory, customized programs and syndicated loan servicing. Moreover, they offer internet banking, mobile banking, savings accounts and personal checking accounts among other services. Nexbank was founded in 1922 and is a member of the FDIC.
As growth and development plans continue being rolled out, Nexbank completed a $24 million common equity capital raise in 2016 June, for general corporate purposes. This is as the bank forge in new opportunities reflected by an increase in total assets and returns on average equity. The bank has strong capital levels, liquid profile and earnings and Nexbank ratings were upgraded to stable outlook by Kroll Bond Rating Agency. Nexbank deposit and senior unsecured debt rating went higher up from BBB to BBB+. Mortgage banking volumes have risen from $3.5 billion in 2015, $5.0 billion in 2016 to $46.1 billion in 2017. In 2015, the bank acquired College Savings Bank of Princeton, New Jersey. Nexbank CEO and President John Holt said College Savings Banks will retain its brand, name and current operations, functioning as a division of Nexbank.
Nexbank’s commitment and leadership to its clients lie on the delivery of exceptional value at every chance presented. Their commercial banking deals with agency services, commercial real estate lending, credit services, treasury management, specialty financing, financial institutions, and commercial lending. Mortgage banking offers warehouse lending, wholesale & correspondent lending, MSRs, and Jumbo solutions. Under institutional services, Nexbank provides real estate advisory, public funds, property management, corporate finance, and customized deposit services. Their total assets as of December 2017 stood at $8.382 billion, almost twice from the same period in 2016 that stood at $4.649 billion.