Dallas-based bank: major target for institutional clients
Jon Holt is the corporate executive of NexBank. He participated in the 5th Annual Strategic Opportunities and M&A Conference in New Orleans. In this conference, Holt led a panel about community banking reform. The purpose of the conference was to allow bank leaders to exchange viewpoints on opportunities created by mergers and acquisitions,expansion,and branching. Issues affecting leaders of community banks are also discussed in the panel.
In terms of size, Nexbank has a rank of 200 among U.S. banks. Nexbank is Texas’s 13th biggest bank. Furthermore, it is the fourth largest bank in Dallas. Business banking, mortgage banking, institutional services, and commercial banking are NexBank’s four major business lines. There are 86 employees across its four branches. Three of the branches are in Texas and one is New Jersey. Dallas is the current headquarters of NexBank. The previous headquarters were in Terrell, TX.
NexBank has been serving its customers since November of 1934.It was originally known as Terrell Federal Savings and Loan Association. In 1999,the name was changed to Heritage Savings Bank. As of 2002, the bank was renamed to Heritage Bank. Nexbank was classified as a mutual savings bank until it was reclassified as a stock savings bank in 2002. The Nexbank name was given in 2005. Previously, NexBank was controlled by the Office of Thrift Supervision. Right now, it is regulated by the FDIC.
In the first quarter of 2017, the capitalization of NexBank was average. Texas ratio and deposit growth were excellent. The Texas ratio was 1%. As of March 2017, the bank had approximately $5.3 billion in assets. Net income was about $30.59 million. There was about $4.76 billion of total deposits for NexBank. Return on equity was 33%. Return on assets was 2%. Money market rates for NexBank are double the average in the U.S.