The Success of Dallas’ 4th Largest Bank

In an article published in PRNewswire, NexBank was depicted as one that is inclined to financial success following the announcement that it was able to raise up to $20 million additional capital. Nexbank’s Chief executive officer who doubles up as the President, John Holt affirmed that the business plan and strong financial position of the bank are attributed to the kind of support the company derives and enjoys from the shareholders. The raised capital, therefore, comes in as an accelerator for the growth of the bank and a bid that strengthens its performance.

The additional capital was recorded through the assets, deposits, and loans that the bank consolidated. The value of assets of the company moved from $3.5 billion to $6.4 billion, while total deposits rose from $2.6 billion to $5.8 billion. Additionally, the loans for NexBank also recorded a $1.4 billion increase from the previous year into the second quarter of 2017.

Kroll Bond Rating Agency affirmed that the investment grade ratings of the bank had a stable outlook and it is an aspect attributed to the high capital levels, earnings and liquidity profile of the company. NexBank is the 4th largest bank in Dallas and the 11th largest in the state of Texas. Notably, the bank grants up to a legal lending limit of $117 million, which has capabilities of a greater transaction.

About NexBank

The mortgage banking quantity of the bank has been on an upward trend with the half year of 2017 recording a $ 2.7 billion. NexBank capital is a company that offers financial services to its customers and operates in three divisions, which include mortgage banking, institutional services, and commercial banking. The company has well-trained and experienced professionals who are glued to the provision of evolutionary services that meet the financial needs of the customers.