NexBank President and CEO, John Holt led a panel discussion titled Reinventing Community Banking Perspectives on Competing by Innovation at the 5th Annual Strategic Opportunities and M&A Conference organized by the Texas Bankers Association. The event brings together financial experts to share knowledge and ideas on the possibilities and challenges experienced by community bank leaders.
Texas-based Nexbank offers financial services including commercial banking, institutional services, and mortgage banking. The company provides personalized banking and investment services for corporations, institutions including financial institutions and individuals. In the close of the second quarter, Nexbank raised 20 million dollars equity capital to finance general corporate purposes. The consistent support from the shareholders affirms their belief in the company’s business plan. The extra funds will also support future growth as the Nexbank enhances its position and performance. Also, Nexbank purposes to focus on institutional-based businesses. The current assets value of the company is 6.4 billion dollars and the second quarter net income is 46 million dollars. The average return on assets is at 1.7%, and the average return on equity is at 31%. Rankings by Kroll Bond Rating Agency show NexBank’s solid investment grade ratings.
In of support the initiative by the Dallas Neighborhood Homes to offer residents affordable housing loans for households in Southern Dallas, NexBank pledged 50 million dollars in loans to enable the program’s expansion. The project aims to provide over 100 loans annually to low-income families within Dallas in the next five years. Dallas Neighborhood Homes is also partnering with the Dallas Area Habitat for Humanity in the program. With the funding from NexBank, the Dallas Neighborhood Homes will lend money to the homebuyers that have limited access to financing as well as provide financial counseling and homeownership advice. The company is delighted about making the homeownership dream a reality for disadvantaged families.
As banks shift to innovative means to conquer challenges and utilize opportunities, NexBank is committed to helping the people of Texas access affordable financial solutions directly or indirectly through partnerships.