NexBank Capital, Inc. announced that effective July 1, 2020, its primary subsidiary, NexBank SSB, successfully converted its charter from a Texas state savings bank to a Texas state-chartered bank.
NexBank converted the charter to more closely align it with the bank's longer-term business strategy. The bank's name will remain NexBank with the exception of eliminating the state savings bank (SSB) designation. This transition will not affect the bank's clients or customers and they will continue to receive the same protection on deposits through the FDIC.
S&P Global Market Intelligence ranked NexBank as the nation’s 19th best-performing bank, for banks with $3B to $10B in assets. NexBank was the 3rd best-performing bank of those headquartered and operating in Texas. This marks the second consecutive year it was recognized by S&P Global Market Intelligence.
S&P Global ranked the best-performing banks using financial performance metrics that focus on profitability, asset quality and growth. Read the full S&P Global Market Intelligence report here.
NexBank announced that Jon Hodge has been named SVP, National Sales Manager. Mr. Hodge will lead NexBank’s mortgage sales group, which includes Correspondent, Wholesale, and Warehouse Lending.
Mr. Hodge joins the bank with over 20 years of experience within the mortgage and banking industry. Prior to NexBank, he served the housing finance industry in regional and national leadership roles at Fannie Mae, Mr. Cooper (formerly NationStar), PHH, CitiMortgage, and GE.
In his new position, Mr. Hodge will help grow NexBank’s presence and origination volume nationwide. “I am honored and excited to join NexBank. They were a client in my prior roles, and consistently hold a strong reputation of success, creative problem solving, and great customer service that fosters opportunities for growth across multiple product lines,” he said.
NexBank Mortgage Banking | Correspondent, Wholesale and Warehouse Lending
NexBank is a trusted partner to many mortgage originators across the nation. As an institutional investor, NexBank does not originate retail loans. Its professionals are solely focused on building long-term relationships with its correspondents and helping them grow their business. NexBank is an approved seller/servicer for Fannie Mae and Freddie Mac, as well as an approved Ginnie Mae issuer/servicer and can acquire/service a variety of loan types, including Balance Sheet products.
NexBank Mortgage Banking is a division of NexBank, a regional bank with assets of $9.8 billion and a charter that dates to 1922. NexBank is part of NexBank Capital, Inc., a financial services company.
Pamela Quarry, SVP of Mortgage Operations, will be a panelist at Cristo Rey’s “Corporate Work Study Program: Your Workforce Development Pipeline” event scheduled for February 13th. The panel will focus on ways Cristo Rey can build a company's work study program and be their next generation talent pipeline. NexBank is a proud sponsor of the Corporate Work Study Program and currently hosts four student interns from Cristo Rey Dallas College Preparatory School.
NexBank is proud to announce its partnership with Cristo Rey Dallas’ Corporate Work Study Program (CWSP), an initiative that gets Cristo Rey students working and earning tuition credits at Dallas-area employers while continuing their education.
NexBank joined 144 companies and organizations that make up CWSP’s job partners at the August 1 “Draft Day” event, where students were “drafted” for internships by corporate and nonprofit partners for the 2019-2020 academic year.
Cristo Rey is a private, independent Catholic high school with a campus in Pleasant Grove, Dallas. It offers a revolutionary model of college preparatory high school curriculum accessible to those of limited financial resources. Through the CWSP, students spend four days in the classroom and one day working at the CWSP partner’s office to help pay for their tuition while obtaining practical, real-world experience.
NexBank is pleased to announce that Sharon Lahr, SVP and Chief Compliance Officer, was elected by Dallas Area Habitat for Humanity as a new board member of its Dallas Neighborhood Homes Board for the 2019-2020 year.
NexBank Capital, Inc. placed in the top 5 in three categories in the latest S&P Global Market Intelligence ranking of the best-performing community banks with $3 billion to $10 billion in assets.
NexBank Capital, Inc. ranked No. 1 nationally based on return on equity (ROATCE before tax), third in the nation based on operating efficiency (efficiency ratio) and third in the nation based on asset quality (adjusted Texas ratio).
NexBank is pleased to announce it is a sponsor of the Dallas Women’s Foundation 33rd Annual Luncheon. The luncheon will raise funds investing in the advancement women's economic security and women's leadership.
John Holt, President and Chief Executive Officer of NexBank Capital, Inc., will be a featured speaker on the “CEO Panel” at Bank Director’s Bank Compensation and Talent Conference.
The panel will discuss how boards are expanding their involvement in corporate strategy and fostering innovation—technology, talent, knowledge and organizational culture—required to stay ahead in the industry. The panel is scheduled for Wednesday, November 7th at 10:40 A.M. at the Four Seasons Resort and Club at Las Colinas, in Dallas, Texas.
The Institutional Risk Analyst ranked NexBank as the nation’s 6th Best Performing Bank based on return on equity (ROE) among banks with $1 billion to $10 billion in assets.
NexBank Capital, Inc. announced that the investment grade ratings for the company and its primary subsidiary, NexBank, were affirmed by Kroll Bond Rating Agency.
KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for NexBank Capital, Inc. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for NexBank. The Outlook on all long-term ratings is Stable.
The ratings are supported by NexBank Capital, Inc.’s history of producing steady core earnings, peer leading efficiency ratio, and solid liquidity profile. The ratings are also supported by a strong credit culture and credit quality, and conservative underwriting standards as well as management’s extensive knowledge of the markets the Bank operates.
NexBank was honored with the 2018 Financial Capability Innovation Award presented by the nation’s leading technology innovator, EVERFI, Inc. The award recognizes NexBank’s exceptional efforts to improve the financial capability of Americans through unique digital learning initiatives.
NexBank and Dallas Women's Foundation have teamed up to present Women & Wealth:
An important conversation on the rise of values-based investing. Join us to hear from the nation's leading experts on impact investing, and why it is important to use finance for social change.
NexBank, a regional bank based in Dallas, Texas, is proud to announce that it is the presenting sponsor of TREC Shark Tank: GrowSouth. TREC Shark Tank: GrowSouth was organized by The Real Estate Council Community Fund and is scheduled to take place on Thursday, November 2nd at Gilley's Dallas in Dallas, Texas. Modeled after the hit television show, TREC Shark Tank will feature three teams pitching their real estate projects impacting Southern Dallas to a panel of local real estate investors.
NexBank, a regional bank based in Dallas, is pleased to announce it is a sponsor of the Dallas Women’s Foundation 32nd Annual Luncheon. Through a gift of $100,000, NexBank will support the foundation in advancing women’s economic security and leadership.
NexBank is pleased to announce that John Holt, President and CEO, was re-elected to the Texas Bankers Association’s Board of Directors. Mr. Holt was also appointed as the Chairman of the Community Bankers Council and will continue to serve on three board committees: Executive Committee, Audit and Finance Committee, and Investment Committee.
NexBank Capital, Inc. placed in the top 10 in two categories in the latest S&P Global Market Intelligence ranking of the best-performing community banks with $1 billion to $10 billion in assets. NexBank Capital, Inc. ranked fifth in the nation based on pretax return on equity and ranked as the tenth best-performing community bank in the country based on its overall score.
NexBank is a sponsor of the Texas Mortgage Bankers Association’s Southern Secondary Market Conference taking place in Austin, Texas, from January 30 to January 31, 2017.
John Holt, President and CEO of NexBank Capital, Inc., will serve as a panelist today for the “Banker Panel: Reinventing Community Banking, Perspectives on Competing by Innovation” at Texas Bankers Association's 5th Annual Strategic Opportunities and M&A Conference in New Orleans.
Craig Korbuly, Chief Financial Officer of NexBank Capital, Inc., served as a panelist for the “CFO Roundtable” at Whitley Penn's Financial Institutions Seminar in Dallas, Texas.
Bank Director Magazine ranks NexBank #2 nationally among the top 25 Residential Real Estate Lenders ranked by total profitability (ROA).
ICBA Independent Banker Magazine recognized NexBank as the top performing bank in the nation. Rankings were based on return on average assets (ROAA) and return on average equity (ROAE) among banks with more than $1 billion in assets.
ICBA Independent Banker Magazine recognized NexBank as the 5th Top Performing Bank in the nation. Rankings were based on return on assets (ROA) and return on equity (ROE) among banks with more than $1 billion in assets.
Bank Director Magazine recognized NexBank as a leader in the banking industry. NexBank took home honors in Bank Director Magazine’s 2014 Growth Leaders Ranking in Core Deposits, Net Loans and Leases, and Core Revenues, ranking first, third and seventh, respectively.
NexBank Presents at the Community Banking in a New World and the Subchapter S Bank Conference.
Housing Wire Magazine profiled NexBank as a Correspondent Lender to watch in 2014.