NexBank has recently increased its amount of debt and equity to a whopping 283 million dollars. This comes after a successful transaction of a public offering of notes to wealthy investors. The notes-offering transaction was completed for 54 million dollars. The notes are reported to mature in 2027 September and five years on non-callable nature.
Another contributor to the 283 million is the 20 million dollar equity capital raise in August 2017. With all this, NexBank records more than 6 billion in consolidated assets in 2017.
NexBank is a firm that provides services like commercial banking, mortgage services, and institutional services to institutional clients as well as financial institutions. The firm is dedicated to serving the middle-market corporations, investors in the real estate division, and large establishments by catering for their financial and banking needs.
NexBank was founded under the collaboration of John Holt and James Dondero who serve as its president and Chief Executive Officer, and co-president and founder respectively. It runs its operations in Dallas, Texas where its headquarters are located.
Nexbank recently unveiled a division of its SSB services that is a college saving bank. The account has a variety of rates and is managed by two organizations, the Indiana College Choice CD 529 savings plan and the college saving bank program of the Arizona Family College. In 2017, the savings bank received a top rank from the 529 plan study by FDIC.
NexBank is also dedicated to giving back to the Dallas society. The regional bank is invested explicitly in promoting literacy in Dallas. Under the partnership with EverFi, NexBank has been able to develop literacy programs that run in close to 1700 schools in Dallas. The program is called MoneyWorks, and it is a virtual package that teaches compound financial concepts to the youth and is available in a variety of languages including English and Spanish.
NexBank has donated continuously to charitable organizations and foundations including the Dallas Women’s Foundation. During the foundation’s 32nd annual luncheon, the NexBank presented it with a one hundred thousand dollar gift and pledged their support for the foundation’s mission to advance leadership and economic security in women.
Find out more about Nexbank: https://www.yellowpages.com/dallas-tx/mip/nexbank-467141803