NexBank, founded in 1922, is a banking and financial products service provider. Known initially as Heritage Bank, SSB it altered its name in August 2005. The bank has its headquarters in Dallas, Texas and is a subsidiary of NexBank Capital Inc. It offers commercial banking, mortgage banking, and institutional banking. NexBank’s executive management team is a mix of industry professionals led by Chairman James Dondero. As of September 30, 2018, the bank had assets worth $8.1 billion. Among the personal banking services it provides are personal checking, mortgages, savings accounts, internet banking, treasury management, commercial lending services and so much more. For institutions, NexBank offers corporate banking and lending, mergers and acquisitions, advisory services to corporates, investment banking, and other relating institutional services according to demand.
NexBank’s vision is to deliver extraordinary value for their clientele at every chance. With a pool of professionals, they provide their customers customized solutions via a sophisticated methodology that has a proven record of accomplishment. These efforts are realizable in the bank’s offering to the market in commercial banking, mortgage banking, institutional services, and depository services. NexBank possesses a wide range of lending products and deposit services; these can allow a customer to meet their long-term and short-term obligations whether they are a large corporation, SME or even a primary investor. The bank aids its clients in efficient management of cash flow for proper liquidity. They do this by giving them financial solutions that cater to their operational needs and support their development. When it comes to mortgage, NexBank provides attractive pricing either for wholesale or correspondent channels. This is possible through their lucrative partnership with their client to ascertain that they meet their mortgage needs via great flexibility.
NexBank collaborates with institutions to figure out the best strategy for meeting their unique needs. This is in line with the institution’s short and long-term capital needs. With an efficient depository system, the bank allows their clients to manage their daily cash flow needs easily. NexBank is the further-largest bank in Dallas Texas and comes tenth in Texas. It is a bank of choice for very many people with their mortgage lending reaching a high of $2 billion in the first half of 2018. NexBank is active is active in the community and has provided accommodation for 2200 Texas veterans via consumer loans. Middle-income earners have also benefited from the bank’s efficient mortgage program by accessing its housing loans. This has helped up to 900 families in Texas. The bank is an excellent supporter of financial literacy and has sponsored courses in 12 public schools in Dallas County.
Recently, NexBank was recognized for its exceptional role in improving the financial capability of Americans via digital learning initiatives. The bank received the 2018 Financial Capability Award offered by EVERFRI Inc. – the nation’s leading technology innovator. Other than this, the bank has also been honored as the Best Performing U.S Bank for the first quarter of 2018. This is for the banks that have assets between $1 and $10 billion.