Nexbank Capital, Inc. is a community bank that is located in Dallas, Texas. They offer three types of financial services; mortgage banking, institutional services, and commercial banking. Their clients are midsized companies, corporations, and large real estate investors across the United States. Nexbank Capital has more than $4.6 billion in assets under management as of the end of 2016. S&P 500 Global Market Intelligence is a service that ranks the top community banks in the nation that have between $1 billion and $10 billion in assets. In this organization’s 2016 ranking, Nexbank Capital took 5th place on the ranking of pre-tax return on equity and 10th place overall.
Expanding what it offers clients, Nexbank Capital acquired College Savings Bank in 2015. This Princeton, New Jersey-based community bank specializes in 529 college saving programs. John Holt, who is the Chief Executive Officer and President of Nexbank Capital, said that customers of College Savings Bank wouldn’t see any changes. The company would remain in Princeton and continue to use the same branding and name as before the purchase. This bank provides 529 plans in two states, Indiana and Arizona which have proven to be very popular with people saving for their children’s college costs.
As a socially responsible member of the Dallas business community, NexBank Capital regularly gives money to local charities and nonprofits as well as other causes. One example would be their efforts to assist police officers and their families after the recent sniper attack that resulted in several officers being killed or wounded. A fund was set up, called Assist the Officer Foundation, which provided money to those who were affected by this crime. John Holt said that his company gave money to this fund out of caring for those who were affected. In his comments, Holt said that he and his staff wanted to help those who were suffering after the attack. He also wanted those who were affected to know that their community stood beside them.