NexBank Capital, one of the preeminent local banks in the Dallas-Fort Worth Metroplex, has announced the success of its $54 million subordinated note offering to financial institutions and individual investors. As a result of NexBank`s efforts, the company has been able to place $283 million of debt securities and equity investments. Sandler O’Neill & Partners, L.P acted as broker for the offering, which was concluded in September 2017.
The securities have been rated BBB- and stable by Kroll. In addition, they fall under the Tier 2 capital category. As a result, these offerings are made available subject to the Securities Act and therefore may not be legally sold except in compliance with the act.
NexBank Capial, Inc., has grown from a local neighborhood bank into a major financial institution. It now specializes in services for institutional clients, although they also provide personal banking services as well as wealth management for high-net worth investors. NexBank is also extremely active in the mortgage banking sector, providing a high-level of service normally found in smaller banks but with capital levels typical of larger financial institutions. They offer conforming, government, and jumbo mortgages.
The growing bank has actively sought out new investments and opportunities. In 2015, the company bought out College Savings Bank of Princeton, a specialty institution offering college-savings programs. In addition, NexBank has successfully raised tens of millions of dollars in capital over recent years, cementing its position as one of the country`s top midsize banks. As of 2017, the bank has over 6 billion dollars of assets in its custody. Led by CEO and President John Holt as well as co-founder James Dondero, NexBank prides itself on its high level of customer satisfaction as well as expertise in complex financial transactions. NexBank continues to expand its offerings and services.