NexBank is a top community bank that offers a wide variety of banking services that include commercial banking, institutional and mortgage banking. The Dallas-based bank, majorly serve investors in real estate, financial institutions, corporations and middle level companies. NexBank is among the best performing arms of NexBank Capital, Inc. In the financial year that ended March 31, 2017, NexBank posted assets worth $5.3 billion; this is a major improvement from the previous year in which the bank recorded $4.6 billion in assets.
In a bid to streamline its operations, NexBank raised $24 million common equity capital in 2016 that was mainly directed to corporate services. While giving the bank’s performance for six months of 2016, John Holt, President and CEO of NexBank Capital, Inc. appreciated the shareholder’s effort in raising the capital that is aimed at strengthening NexBank’s performance in the financial sectors. Speaking at the same event, Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc., said that the capital raised would be pivotal in enhancing the earnings of the bank. In the previous year, the bank also acquired College Savings Bank, a move the management said was aimed at meeting the growing demand for savings of higher education.
The impressive performance of NexBank is hinged on highly experienced management that powers the bank’s operations. Mary Pirrello is one of the top executives of the bank. She serves as the Senior Vice President of National Warehouse Lending at NexBank. In 2016, she was appointed to the helm of Texas Mortgage Bankers Association (TMBA) to serve as president. Mary possess over two decades of banking experience and is expected to serve the association for a period of one year.
As a corporate social responsibility, NexBank was among the well-wishers who moved with speed to help victims affected by a sniper attack in downtown Dallas.