Nexbank recently raised a total of $155 Million through the initial offering, which is an incredible figure for a regional bank its size. It is a Dallas-based regional bank that has been in operation since 1934 and primarily serves medium and large sized corporations, institutional investors and high-value investors.
The Bank believes in providing customized financial, banking and another associated service to its clients, which helps them achieve their business and financial objectives with ease. Nexbank’s CEO and President, John Holt, announced to the press recently that the process of securely placing senior unsecured notes is complete. He further added that the oversubscription placement that occurred during the process is a clear indication of the trust investor places on the bank.
NexBank has been offering its services through three of its branches, which includes commercial banking, mortgage banking, and institutional services. There is a broad range of services provided by these branches, and many more services are added to the bouquet from time to time to continue to provide with updated services in this ever-evolving economy.
John Holt mentioned that the bank would use part of the fund raised in clearing some of the debts, and part of it would go towards developing the bank further. Nexbank would use a portion of the funds to expand its demographic reach to attract more clients, increase its service portfolio and multiply its current profit. In the year 2016, NexBank made the net gain of $83 Million and received deposits worth $3.22 Billion.
Nexbank is based out in Dallas and has a total of 89 staff across its four branches. It is a bank has capitalized status and continued to operate accordingly. It is the 14th largest bank in Texas and 234th largest in the country. At the rate in which the bank is growing, the figure is expected to go up shortly. NexBank has over $4.6 Billion in assets under management. It has been growing exponentially in the past few years, even when the country’s economy was witnessing a downturn. The bank offers excellent customer service and enjoys A health rating by BBB.