Background Information On Nexbank Of Texas
Nexbank is a financial institution that was founded in 1922. Its main branch and corporate office is located at 2515 McKinney Avenue, Suite #1100, Dallas, Texas. To contact Nexbank you can call the bank’s main number at 972-934-4700 or write to its corporate headquarters. You can also contact Nexbank via their website.
Nexbank is a small regional bank that primarily services customers in the Dallas Fort Worth metro area with commericial banking. It employs between 50 and 200 people. Nexbank’s main services are commericial banking such as checking and savings accounts, mortgage banking which includes home loans and institutional services such as restructuring and mergers and acquisitions. The bulk of Nexbank’s services are not geared towards commericial retail banking but towards financial institutions, companies and businesses who are looking for operating capital and loans.
Recently, Nexbank managed to obtain over $24 million in capital funding through the issue of common equity shares in the bank. The bank states that this new infusion of capital will be used for general bank and business operations. CEO of Nexbank, John Holt said that the new funding will help Nexbank continue to invest in new ventures and expand its portfolio of assets.
Nexbank’s total assets in 2016 exceeded $3.5 billion dollars and its total deposits were over $2.5 billion. Loans that Nexbank has given out make up about three quarters of the assets that Nexbank has. The bank’s risk-based capital ratio is about 13% while its tier 1 financial leverage ratio is about 9.5%. This shows that the bank is heading towards stability and has not engaged in too much risky ventures.
Nexbank has also received a new bond rating from the Kroll Bond Rating Agency. Deposit and senior unsecured debt is now rated at BBB+ instead of BBB. This means that Nexbank is moving towards great financial stability and it is considered to an investment grade institution to invest in.