NexBank is a prestigious financial service institution that specializes in the provision of the mortgage, commercial, and outstanding institutional banking services. NexBank main centers of operation are in Dallas, Texas and its chairman is James Dondero.
In 2016, this organization had $4.6 million worth of assets. NexBank was founded in 1922 and has been operational for almost nine decades. This institution was first established under the name Terrell Federal Savings and Loan Association, but in 2005 it changed its name to NexBank. This company’s clients are mainly real estate investors, large corporations, and middle-market companies. NexBank Capital is the fourth largest bank in Texas with a lending limit of $87.7 million. It has received recognition on so many occasions by organizations, such as the bank director magazine, ICBA Investment Banker Magazine, and Bank Director Growth Lenders. These institutions have ranked this bank as one of the best performing financial institutions.
NexBank is headed by James Dondero, who is the chairman of the governing council. He works in collaboration with Kenneth Hanks, Brice Tarzwell, and Switzer Deason. John Holt heads the NexBank’s management team. He is the president and senior principal executive. The team of professionals and managers that run this financial institution is experienced and result oriented. The board members are experts in financial and regulatory matters. This group of leaders demonstrates innovation, collective talents, and initiative. These professionals are focused on ensuring that the company meets its goals.
NexBank succeeds in raising investment capital
In 2016, NexBank embarked on a process to raise capital. By August, the company made an announcement that it had raised $24 million which is meant to be used for general business purposes. According to John Holt, the firm’s shareholders played a huge role in making this process a success. Additionally, the money raised would supplement the company’s budget, which is meant to grow this enterprise. The COO of the financial institution added that this capital would benefit NexBank’s scalable businesses. Upon completion of this capital raising process, NexBank Capital was able to upgrade its debt rating from BBB- to BBB while NexBank SSB went from BBB to BBB+.