In late February, 2017, NexBank announced that following the conclusion of a recent senior unsecured note issuance effort, their total issuance increased to $155 million. With a five year, fixed rate of 5.5 percent, the notes mature in early 2026 and are callable as soon as March, 2021. This supplies another investor confidence boost for the financial institution, which was initially created under a community charter. Their year-end 2016 earnings release revealed a huge 71 percent asset growth rate, deposit growth of 72 percent and a net income that was over $83 million.
As the fourteenth largest bank in Texas, NexBank is based in Dallas, and provides Commercial and Mortgage Banking Services. They further offer customized financial and banking services to institutional clients, financial institutions, and corporations nationwide. And they aren’t afraid to post and compare their high yield Certificate of Deposit rates on their site. With a low overhead of only four brick and mortar locations and 89 employees, they also offer Money Market interest rates two times the industry average.
In their service quest to other financial institutions, NexBank offers public funds, treasury management, investments and real estate advisory services. They also warehouse mortgage loans, partner in participation loans, offer term loans, lines of credit and credit services.
John Holt came to NexBank in 2011 to serve as president and chief executive officer. A member of the Texas Banking Association, John is also Vice Chairman of the Community Banker’s Council and serves as a member on the Audit, Finance and Investment Committees. Mr. Holt graduated from Southern Methodist University’s Southwestern Graduate School of Banking and obtained his bachelor of arts degree from the University of Texas at Arlington.
A subsidiary of NexBank Capital, Inc., NexBank is a privately held organization.