NexBank is a Texan bank based at McKinney Ave in Dallas, Texas. This institution dedicates themselves to providing mortgage banking, commercial banking, and more to other bodies, such as financial institutions. They serve big business, the middle class, and real estate investors. On CrunchBase, their executive branch states that their motto is to combine “industry expertise and a strong focus on serving our clients to provide leading financial services capabilities to corporate, institutional and individual customers.” As of March 31, 2017, the company has attained $5.3 billion dollars in assets. As of August 21, 2017, they have achieved a $20 million common equity capital raise.
The institution ranked in 5th place as one of the best community banks based on Concerning its finances, the data reported on this bank shows its highs and lows. Their return on investment is excellent, while their overhead, level of noninterest income, and net interest income have room for improvement. As of March 31, 2016, the bank received a very healthy return on equity. Between March 31, 2015-March 31, 2016, the bank exceeded the banking industry peer comparison.
NexBank is also involved with the local community. As part of the Texas Bankers Association, it was part of donations to the Assist the Officer Foundation in light of a recent sniper’s attack in downtown Dallas. The shooting ended in officers being killed or wounded. NexBank has also acquired College Savings Bank, a bank based in Princeton, NJ that is part of 529 college savings programs. Their merger will help both parties in their mission to help families save for college.