NexBank SSB is a part of NexBank Capital Inc. located in Dallas, Texas. The bank provides financial services to clients of commercial, mortgage, and investment banking. The bank is a member of the FDIC and has a BBB+ rating for its deposit and senior unsecured debt rating.
In a Bankrate analysis of NexBank for a one year period ended March 31, 2016, it showed a strong rate of growth in equity capital. In the analysis, the balance sheet structural changes, through the one year period had improved the capital position. The analysis took into account several factors to determine the final. This included the quantity, quality, and durability of net worth. Bankrate determined using a series of tests and found the bank demonstrates mid-range capitalization. Calculating the bank’s total risk-based capital position, a calculation used by industry regulators concluded that NexBank exceeded the requirement, set by regulations and passed all analysis tests.
NexBank is a Dallas-based financial service company that in June 2016 completed a $24 million common equity capital raise to the approval of the bank’s shareholders. President and CEO of NexBank Capital John Holt said the capital raise ensures the additional support for continued growth and development opportunities.
Then after the sniper attack in downtown Dallas, Texas banks donated money to the fallen and wounded Dallas police officers. The NexBank president said the support from businesses and banks was a “testament” to the people of Dallas and Texas as a whole.
NexBank has recently acquired the College Savings Bank of New Jersey founded in 1987 that specializes in the 529 college savings programs. CEO John Holt of NexBank said the College Savings Bank will retain its name and current operations as a division of NexBank Capital Inc. making it clear the college savings program will continue as prior to the acquisition.