<b>Press Releases</b>

Press Releases

NexBank Increases Senior Notes Up To $155 Million

DALLAS – February 23, 2017 – NexBank Capital, Inc., a Dallas-based financial services company, announced the successful completion of an oversubscribed private placement of its senior unsecured notes.  NexBank Capital, Inc. reopened their initial offering and raised an additional $80 million, bringing the total issuance to $155 million.

The notes have a stated maturity of March 16, 2026 and are callable beginning March 15, 2021. The notes bear interest at a fixed rate of 5.50% for five years, and thereafter at a floating rate based on a spread above the three-month LIBOR of 435.5 basis points. The notes have been assigned an investment grade rating of BBB with a stable outlook by Kroll Bond Rating Agency.

NexBank Capital, Inc. intends to use the proceeds of the offering to repay certain indebtedness and for general corporate purposes. Sandler O’Neill & Partners, L.P. acted as the sole placement agent for the private offering of the notes.

“The oversubscribed placement demonstrates the continued confidence investors have in NexBank and its long-term business strategy. The additional funds will allow us to fortify the balance sheet with capital, which in turn will allow us to continue to grow and increase our earnings,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.   “NexBank has a track record of financial strength and stability, and a selective approach to growth. We are pleased to have a BBB rating from Kroll Bond Rating Agency, which further validates our excellent credit quality and strong financial performance.”

“This is another significant accomplishment by NexBank.  We continue to attract accretive capital from a broad range of institutional investors, which validates our core businesses and strategies,” said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc. “With this closing, we have raised over $200 million of debt and equity within the last 12 months. These funds will provide the capital necessary to continue organic growth in our core businesses and capitalize on strategic opportunities in the future.”

NexBank Capital, Inc. recently announced record levels of consolidated earnings, assets, loans and deposits.  As of December 31, 2016, total assets reached $4.64 billion, a 71% growth rate from 2015, total deposits exceeded $3.22 billion, a 72% growth rate from 2015, and total loans reached $2.83 billion, a 44% growth rate from 2015.  Net income for 2016 exceeded $83 million, compared to $53 million for the year of 2015. The return on average equity (ROAE) and return on average assets (ROAA) were 35.48% and 2.47% respectively, for 2016.

NexBank SSB (“the Bank”), a leading regional bank, continues to significantly contribute to NexBank Capital Inc.’s growth while maintaining its well-capitalized status.  The Bank’s tier 1 leverage ratio and total risk-based capital ratio stood at 8.13% and 13.14%, respectively, at December 31, 2016.

The senior unsecured notes are not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

NexBank Increases Senior Unsecured Notes Offering to $75 Million

DALLAS—Sept. 9, 2016—NexBank Capital, Inc., a Dallas-based financial services company, today announced that it has increased the amount of its private placement of senior unsecured notes to $75 million. This represents a $25 million increase from the offering size previously announced on March 18, 2016.

The Company intends to use the proceeds of the offering to provide growth capital to its banking subsidiary and for other general corporate purposes. Sandler O'Neill & Partners, L.P. acted as the sole placement agent for the private offering of the notes.

The notes are non-callable for five years, and have a stated maturity of March 16, 2026. The notes bear interest at a fixed rate of 5.50% for five years, and thereafter at a floating rate based on a spread above the three-month LIBOR of 435.5 basis points. The notes have been assigned an investment grade rating by Kroll Bond Rating Agency, recently upgraded from BBB- to BBB with a stable outlook.

"The additional participation in the senior notes offering and recent Kroll rating upgrades reflect the financial community's support of NexBank's strength and continued growth," said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.

"We are pleased with the strong demand from new and existing investors, which allowed us to increase the offering. This debt placement complements our recent capital raise and brings the total raised to $100 million of debt and equity over the last 6 months," said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc.

The senior unsecured notes are not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

NexBank Partners with Dallas Neighborhood Homes To Expand Affordable Home Ownership in Southern Dallas

DALLAS—Sept. 7, 2016—Dallas Neighborhood Homes, a nonprofit mortgage servicing provider, working in partnership with Dallas Area Habitat for Humanity, is pleased to announce it will offer an Affordable Housing Loan Program to families in southern Dallas. The goal is to provide 100 or more loans a year over the next five years for low-income residents in specific zip codes in southern Dallas.

NexBank SSB ("NexBank"), a Dallas-based regional bank, is providing up to $50 million in loans to support the expansion of the program over the next five years. Dallas Neighborhood Homes will use the proceeds to lend to low-income homebuyers with limited access to mortgages and offer counseling to prepare the individuals for home ownership, through the financial counseling services provided by Dallas Area Habitat for Humanity. In addition to providing mortgage-lending capital, NexBank will pay all title fees for closings completed through its affiliate plus up to $2,000 in closing costs per loan.

Mark Tribuna, Senior Vice President of Mortgage Operations at Dallas Area Habitat for Humanity, said, "We're very grateful to NexBank for helping to make affordable home ownership a reality for so many people who need it. North Texas currently has one of the lowest ownership rates in the nation and the Affordable Housing Loan Program that Dallas Neighborhood Homes offers directly addresses the problem. By putting more families in their own homes, homeowners enhance the quality of their lives while improving their children's chances for a better future."

"We're proud to partner with Dallas Neighborhood Homes and Dallas Area Habitat for Humanity," said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc. "Both organizations have a strong record of helping lower-income families secure affordable homes in the North Texas community."

NexBank Announces Completion of $24 Million Capital Raise

DALLAS—Aug. 15, 2016—NexBank Capital, Inc., a Dallas-based financial services company, announced that it successfully completed a $24 million common equity capital raise in June 2016. The proceeds from the capital raising effort will be used for general corporate purposes.

“We are pleased with the success of the capital raise and appreciate the positive response from our shareholders. The capital raise will provide additional support for NexBank’s continued growth and development opportunities,” said John Holt, President and CEO of NexBank Capital, Inc.

For the first six months of 2016, NexBank Capital, Inc. reported net income of $38.1 million and return on average equity (ROAE) of 37.6 percent.  Total assets exceeded $3.5 billion and total deposits reached $2.6 billion at June 30, 2016, a year-over-year increase of 61 percent and 49 percent, respectively. 

NexBank SSB, a regional bank, reported total gross loans of $2.5 billion at the end of the second quarter, which constitute 72 percent of the Bank’s total assets. NexBank SSB maintained its well-capitalized status with a Tier 1 leverage ratio of 9.44 percent and a total risk-based capital ratio of 12.98 percent.

“With this capital raise we are well positioned to continue the growth of our scalable businesses across NexBank,” said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc.

As a reflection of its strong capital levels, liquidity profile and earnings, NexBank Capital, Inc. and NexBank SSB recently received upgraded ratings with a stable outlook from Kroll Bond Rating Agency. NexBank Capital, Inc. received an upgrade of its senior unsecured debt rating from BBB- to BBB and NexBank SSB received an upgrade of its deposit and senior unsecured debt rating from BBB to BBB+.  

NexBank’s Mary Pirrello Appointed President of the Texas Mortgage Bankers Association

(June 22, 2016 - Dallas)   NexBank SSB (NexBank), a $3 billion regional bank based in Dallas, Texas, is proud to announce that Mary Pirrello, Senior Vice President of National Warehouse Lending at NexBank, was appointed President of the Texas Mortgage Bankers Association (TMBA) for the 2016 to 2017 term.  

On May 3, 2016, Ms. Pirrello began her one-year term as President. She has over 20 years of industry experience and has served in a variety of leadership roles throughout her career. At NexBank, Ms. Pirrello focuses on business development and managing relationships for the national warehouse lending division.

She has been an active board and committee member of the TMBA since 2007, and her involvement in the National Mortgage Bankers Association (MBA) includes service on the MBA’s political action committee (MORPAC), as well as graduation from the school of mortgage banking. Ms. Pirrello was also named a Future Leader, receiving the James Wooten Scholarship award from the TMBA in 2010. 

Since 1917, the TMBA has served the mutual interests of its members in order to preserve, enhance and advance the mortgage banking and real estate finance business in the State of Texas. 

NexBank Sponsors Lemonade Day Greater Dallas on May 7

(Dallas-May 6, 2016)  - On Saturday, May 7, youth from around North Texas will set up lemonade stands across the Metroplex as part of Lemonade Day Greater Dallas, presented by NexBank.

The community-wide educational program teaches young people the fundamentals of starting, owning and operating a company by using a classic business model—a lemonade stand. NexBank, a Dallas-based financial services company, is proud to once again be the presenting sponsor of the event in North Texas.

“Lemonade Day introduces financial concepts, entrepreneurism, and leadership to help youth in our community realize their potential and develop skills to build a secure financial foundation,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.

“We’re proud to be a sponsor of this program.  Supporting these young entrepreneurs will help train the next generation of Dallas business leaders,” said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc.  

NexBank Announces Closing of $50 Million Senior Unsecured Notes

(Dallas-March 18, 2016) - NexBank Capital, Inc., a Dallas-based financial services company, announced the successful completion of a private placement to certain institutional and high net worth investors of $50 million senior unsecured notes. The notes are non-callable for five years, and have a stated maturity of March 16, 2026. The notes bear interest at a fixed rate of 5.50% for five years, and thereafter at a floating rate based on a spread above the three-month LIBOR of 435.5 basis points. The notes have been assigned an investment grade rating of BBB- with a positive outlook by Kroll Bond Rating Agency.

The Company intends to use the proceeds of the offering to repay certain indebtedness. Sandler O’Neill & Partners, L.P. acted as the sole placement agent for the private offering of the notes.

“During the process, we secured important support from the industry. This reflects positively on the growth of NexBank and the strength of our product offering for financial institutions and institutional clients,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc. 

“We are pleased to be working with an institutional investor group comprised of insurance companies, banks and asset managers. We believe this backing is a strong endorsement of our platform and the strategic direction of the company,” said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc.

NexBank Capital, Inc. recently announced a fourth consecutive year of record levels of earnings, assets, loans and deposits.

The senior unsecured notes are not registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

NexBank Reports Strong Fourth Quarter and Full Year 2015 Results

DALLAS (Mar. 14, 2016) – NexBank Capital, Inc., a Dallas-based financial services company, reported strong consolidated financial results for the fourth quarter and full year of 2015. For a fourth consecutive year, NexBank reached record levels of earnings, assets, loans and deposits.  

Net income increased year-over-year and reached $53.2 million and Return on Average Equity (ROAE) grew to 35% for 2015, as compared to net income of $25.6 million and ROAE of 23% for 2014.  For the fourth quarter, net income was $16.2 million and ROAE was 37% compared to $10.2 million and 33%, respectively, for the same period in 2014. 

The Company reported total assets of $2.72 billion at year-end, a 48% growth over the prior year. Total loans increased 42% in 2015 to $1.97 billion, and total deposits grew 32% year-over-year and reached $1.88 billion.

NexBank SSB, a leading regional bank, significantly contributed to the Company’s growth while maintaining its well-capitalized status.  The Bank’s Tier 1 leverage ratio and total risk-based capital ratio stood at 9.34% and 13.52%, respectively, at December 31, 2015.

“These results reflect NexBank’s efficient and profitable platform. We have significantly increased earnings year-over-year and improved our asset and deposit channels, while prudently managing our risk and expenses,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.

 “For 2016, NexBank remains focused on our institutional client base and the development of our businesses in the U.S. We continue to be well positioned to capture opportunities that expand and strengthen our product offering,” said Matt Siekielski, Chief Operating Officer of NexBank Capital, Inc.

As part of its long-term funding strategy, NexBank SSB acquired College Savings Bank on November 30, 2015. The acquisition diversified the balance sheet of the Bank through an additional source of deposits.  

NexBank Acquires College Savings Bank

Dallas (Dec. 1, 2015) – NexBank SSB, a leading regional bank headquartered in Dallas, Texas, today announced it acquired College Savings Bank of Princeton, New Jersey, which specializes in 529 college-saving programs. Terms of the transaction were not disclosed.

“College Savings Bank will keep its name and branding, and maintain current operations as a division of NexBank,” said John Holt, President and CEO of NexBank Capital, Inc. “This is a winning transaction for both parties involved and an important move in our overall funding strategy.”

“This acquisition allows us to better serve the broad needs of our clients and help families save for college. It was a unique opportunity to expand our platform responsibly and position us for growth in the short- and long-term," said Matt Siekielski, Executive Vice President and Chief Operating Officer of NexBank Capital, Inc.

College Savings Bank's primary business has focused on college savings since its founding in 1987. The bank has served as a partner to parents who are preparing their children for higher education, and is a program manager for the Indiana CollegeChoice CD 529 Savings Plan and Arizona Family College Savings Program–Bank Plan.

 

NexBank Commits $1 Million to GrowSouth Fund

Dallas (October 20, 2015) – NexBank Capital, Inc., a fully-integrated financial services company, has announced their commitment of $1 million to the GrowSouth Fund, LP, a family of funds focused on facilitating the economic growth and revitalization of Southern Dallas.

“NexBank is proud to be a participant in the GrowSouth Fund” said John Holt, President and CEO of NexBank Capital, Inc. “Southern Dallas offers a tremendous opportunity for job growth and business expansion. We are committed to strengthening the community and expanding the resources available to support its development.”

Sponsored by Impact Dallas Capital, a not-for-profit organization created to increase investment in Southern Dallas, the GrowSouth Fund is a family of double-bottom-line investment funds, and has achieved the closing of its initial Fund. The investment team is actively originating and evaluating potential Fund investments, which include loans for projects located in several of the key development areas throughout the program’s targeted footprint. The Fund focuses on both the immediate capital needs of the community and creating a long-term source of capital for Southern Dallas. 

NexBank Appoints Dierk Hohman as Executive Vice President and General Counsel

DALLAS (Sept. 21, 2015)—NexBank Capital, Inc., a fully-integrated financial services company, today announced the appointment of Dierk Hohman as Executive Vice President and General Counsel of NexBank Capital, Inc. and NexBank SSB. Mr. Hohman brings 15 years of experience in law and finance and will oversee all legal, regulatory and compliance matters for the company.  

“Dierk strongly complements and strengthens our management team. His broad expertise in financial services will be instrumental as we prepare for continued growth,” said John Holt, President and CEO of NexBank Capital, Inc. 

Mr. Hohman has extensive knowledge of the banking, financial and capital markets sectors. He has advised corporations and financial institutions on compliance and risk management, federal and state regulatory matters, and litigation as well as corporate and finance transactions. 

Prior to joining NexBank, Mr. Hohman served as Senior Vice President and Associate General Counsel for Nationstar Mortgage LLC. Throughout his career, he has held positions at leading financial services companies, banks and law firms, including GE Capital, Bank of America, HBK Capital Management and White & Case LLP.

Mr. Hohman received a Bachelor of Science from the United States Military Academy at West Point and a Master of Business Administration and Juris Doctor from the University of Florida.

 

NexBank Achieves Strong Earnings for the Second Quarter

Dallas (August 26, 2015) – NexBank Capital, Inc., a fully-integrated financial services company, has announced results for the three months ended June 30, 2015.  Net income for the second quarter of 2015 was $11.1 million, compared to $4.6 million for the same period last year. Net income for the six months ended June 30, 2015 reached $25.6 million, compared to $8.4 million for the first half of 2014.

NexBank Capital, Inc. posted record levels of assets, deposits and loans, supported by continued growth in its core businesses. Return on average equity (ROAE) and return on average assets (ROAA) were 36.4 percent and 2.5 percent, respectively, year-to-date for 2015. Total assets reached $2.18 billion at June 30, 2015, a year-over-year increase of 47 percent.

“We have delivered exceptionally strong financial results for the first half of the year, while maintaining a disciplined approach to risk and capital management. Solid asset, deposit and loan growth and low expenses contributed to strong earnings,” said John Holt, President and CEO of NexBank Capital, Inc.

“We continue to execute well across our core businesses and build broader relationships with our clients,” Holt said. “With strong capital and liquidity levels and a solid balance sheet, we are well positioned to serve the growing financial needs of our clients.”

Total assets for NexBank SSB grew to $2.16 billion at the end of the second quarter, a year-over-year increase of 48 percent. Total loans reached $1.66 billion and total deposits grew to $1.76 billion, an increase of 45 percent and 64 percent, respectively, from the same period last year. NexBank SSB reported a Tier 1 leverage ratio of 9.27 percent and a total risk-based capital ratio of 13.71 percent and remains well-positioned for new opportunities or regulatory changes.

NexBank was recognized for its strong capital levels, liquidity profile and earnings metrics, and received investment-grade ratings for a second year in a row. Kroll Bond Rating Agency (KBRA) reaffirmed its ratings and raised its outlook from stable to positive for NexBank Capital, Inc. and NexBank SSB. NexBank Capital, Inc. received a senior unsecured debt rating of BBB- and a short-term rating of K3. NexBank SSB was assigned a senior unsecured debt/deposit rating of BBB and a short-term rating of K2.

NexBank received identical debt and deposit ratings last year, and expectations for favorable performance, double-leverage improvement, ongoing strong asset quality and sound financial metrics led KBRA to raise NexBank’s outlook from stable to positive this year. 

NexBank Enters Fourth Consecutive Year of Growth

Dallas (May 14, 2015) – NexBank Capital, Inc., a fully-integrated financial services company, has announced financial results for the first quarter of 2015.  NexBank reported another record quarter of total assets, deposits and loans as well as net income. The bank’s capital ratios continue to be in excess of well-capitalized requirements.

“We’ve started another year with strong balance sheet growth, increased earnings and continued strength in asset quality. NexBank has consistently set deposit, asset and loan growth records, while maintaining excellent capital ratios. This reflects the prudent and steady growth of our business and our ability to develop high-quality results for our clients,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.  

NexBank SSB increased its total assets by 53% to $2.07 billion during the twelve months ending March 31, 2015. Total deposits grew to $1.62 billion, a year-over-year increase of 43%. Loan portfolio investments expanded to $1.60 billion, an increase of 49% from the first quarter of 2014.

“These results demonstrate the continued improvement in the financial strength of NexBank. With stronger capital and liquidity, we remain focused on building relationships and supporting our clients with their ongoing growth efforts,” said Matt Siekielski, Chief Operating Officer of NexBank Capital, Inc.

At March 31, 2015, the Tier 1 leverage ratio stood at 9.69% and the total risk-based capital ratio stood at 13.07%. The bank continues to maintain excellent asset quality and had a ratio of nonperforming assets (NPAs) to total assets of 0.12% at March 31, 2015.  Return on equity (ROE) and return on assets (ROA) increased to 36.8% and 3.4%, respectively, for the first quarter. The bank reported net income of $16.25 million for the quarter ended March 31, 2015, as compared to $4.41 million over the same period in 2014.

NexBank Capital, Inc. also reported continued growth. Total assets grew to $2.10 billion, a year-over-year increase of 52%, and return on average equity (ROAE) and return on average assets (ROAA) increased to 43.0% and 3.0%, respectively, year-to-date for 2015.  Return on equity (ROE) and return on assets (ROA) increased to 41.0% and 2.8%, respectively, for the first quarter. NexBank Capital, Inc. reported net income of $14.54 million for the first quarter, compared to $3.86 million over the same period in 2014. 

NexBank Reports Third Consecutive Year of Record Results

Dallas (February 18, 2015) – NexBank Capital, Inc. a fully-integrated financial services company, has announced financial results for the fourth quarter and full-year of 2014, highlighted by record net income for a third consecutive year. NexBank achieved exceptionally strong returns and a third year of record total assets, deposits and loans, supported by significant growth in its core businesses. NexBank continued to maintain capital ratios above the regulatory requirements at the end of the fourth quarter.

“We continue to achieve consistent, prudent growth and improved returns while maintaining excellent asset quality and capital ratios. With our growth initiatives for 2015, and a firm commitment to support our clients’ developing needs, NexBank is on track for another strong year of performance,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.  

NexBank SSB increased its total assets by 42% to $1.81 billion during the twelve months ending December 31, 2014. Total deposits grew to $1.43 billion, a year-over-year increase of 42%. Loan portfolio investments expanded to $1.38 billion, an increase of 45% from the fourth quarter of 2013. 

“NexBank has delivered record results for a third consecutive year, reflecting the growth of our core businesses and increasing capital position. We continuously improve the scale and efficiency of our services to strengthen our product offering for our clients, which has advanced our position as a leading provider in the market,” said Matt Siekielski, Chief Operating Officer of NexBank Capital, Inc.

At December 31, 2014, the Tier 1 leverage ratio stood at 9.33% and the total risk-based capital ratio stood at 14.10%. The Bank continues to maintain excellent asset quality and had a ratio of nonperforming assets (NPAs) to total assets of 0.09% at December 31, 2014.  Its return on equity (ROE) and return on assets (ROA) increased to 31.1% and 2.9%, respectively, for the fourth quarter. The Bank reported net income of $29.04 million for its year ended December 31, 2014, as compared to $13.28 million over the same period in 2013.

“NexBank holds strong principles across all areas, from funding and liquidity to credit and risk management and we remain very well-capitalized.  We have achieved balanced growth and have become a leaner and more efficient bank, leaving NexBank well-positioned to capitalize on opportunities and continue to deliver strong returns in 2015,” said Joshua Bock, General Counsel for NexBank Capital, Inc. 

NexBank Capital, Inc. also reported continued growth. Total assets grew to $1.83 billion, a year-over-year increase of 41%, and return on average equity (ROAE) and return on average assets (ROAA) increased to 23.2% and 1.6%, respectively, year-to-date for 2014.  Its return on equity (ROE) and return on assets (ROA) increased to 36.9% and 2.5%, respectively, for the fourth quarter.  NexBank Capital, Inc. reported net income of $25.60 million for its year ended December 31, 2014, as compared to $11.66 million over the same period in 2013.

As a reflection of its strong capital levels, liquidity profile and earnings, NexBank Capital, Inc. received senior long-term and short-term debt ratings of BBB- and K3, respectively, and NexBank SSB received a long-term rating of BBB and a short-term rating of K2 for its deposits by Kroll Bond Rating Agency.  Both ratings have a stable outlook.

NexBank Capital, Inc. Announces Additions to its Board of Directors

Dallas (December 23, 2014) - NexBank Capital, Inc., a fully-integrated financial services company, has announced that Brice Tarzwell and Kenneth Hanks have been elected to its Board of Directors, effective immediately.

 “We are pleased to add two directors that bring additional depth to our board. Their combined experience and perspectives from both the private and public sectors will be invaluable as we strengthen our position as a leading regional financial services company and plan for the next phase of growth,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.

Mr. Tarzwell currently serves as the Chief Legal Officer of Par Petroleum. Prior to this, he served as a partner at Bracewell & Giuliani LLP and Winstead PC. Mr. Tarzwell brings 30 years of experience in corporate and securities matters, public and private offerings, federal and state compliance issues, and corporate governance. His directorship experience spans over 15 years with organizations including SMU’s Center on Communities and Education, and Uplift Education. Mr. Tarzwell holds a B.S. in political science from Arizona State University and a J.D. from the University of Oklahoma College of Law.

Most recently, Mr. Hanks served as the Chief Financial Officer of NexBank Capital, Inc. and NexBank SSB. Prior to this, he served as the Chief Financial Officer of SWS Group, Inc.  Mr. Hanks has over 30 years of banking and financial services experience. He currently serves as a Board Member and Audit Committee Chair to Peerless Manufacturing Company. Mr. Hanks holds a B.B.A in finance and an M.B.A. with a concentration in accounting from the University of Texas at Austin. He is a Certified Public Accountant in the State of Texas.

NexBank Names Craig Korbuly Chief Financial Officer; Kenneth Hanks Announces Retirement

Dallas (November 13, 2014) - NexBank Capital, Inc., a fully-integrated financial services company, has announced Kenneth R. Hanks, Executive Vice President and Chief Financial Officer, electively retired from the company, effective October 31, 2014. He was succeeded by Craig S. Korbuly, who most recently served as Senior Vice President and Chief Accounting Officer of NexBank Capital, Inc. As Chief Financial Officer, Mr. Korbuly will oversee all aspects of financial management and information technology for NexBank SSB and NexBank Capital, Inc.

“Ken was an exceptional contributor to the NexBank senior management team. He led NexBank’s financial strategy during the company’s time of critical growth and helped build our strong financial platform,” said John Holt, President and CEO of NexBank Capital, Inc. 

“Craig is a respected leader with a strong background in finance and operations,” Holt continued.  “I am pleased to have his leadership as we continue to drive measures that support NexBank’s expansion and position us for key growth opportunities.”

Mr. Korbuly brings 30 years of accounting experience and has primarily served financial institutions, including commercial banks and bank holding companies, throughout his career. Previously, he was an Audit Principal with Payne & Smith LLC. Mr. Korbuly’s career also includes director and senior audit roles with McGladery & Pullen LLP, Fisk & Robinson P.C., and Bailey Vaught Robertson & Company. He earned his B.B.A. in Accounting from Texas State University.

NexBank expects Mr. Hanks to be elected to its Board of Directors at its next shareholder meeting.

NexBank Announces Third Quarter 2014 Results

DALLAS (November 7, 2014) - NexBank Capital, Inc., a fully-integrated financial services company, announced its financial results for the third quarter of 2014. NexBank posted another quarter of strong financials supported by excellent asset quality and solid loan and deposit growth, while maintaining capital ratios above the regulatory requirements.

“The bank has expanded its services and achieved another quarter of strong profitability and growth,” said John Holt, President and CEO of NexBank Capital, Inc. “This has been a disciplined and prudent growth strategy. We will continue to focus on enhancing our performance and delivering greater value to both our clients and shareholders.”

NexBank SSB reported continued growth in total assets and deposits at the end of the third quarter. Assets exceeded $1.62 billion and deposits grew to $1.16 billion, a year-over-year increase of 50% and 43%, respectively.  Loan portfolio investments expanded to $1.33 billion, an increase of 71% from the third quarter of 2013. 

The bank has achieved significant and prudent growth while maintaining its well-capitalized status with strong capital ratios. At September 30, 2014, the Tier 1 leverage ratio stood at 9.39% and the total risk-based capital ratio stood at 13.55%. The bank maintains excellent asset quality and has a ratio of nonperforming assets (NPAs) to total assets of 0.04% at September 30, 2014.

NexBank Capital, Inc. also reported continued growth. Total assets grew to $1.64 billion, a year-over-year increase of 47%, and return on average equity (ROAE) increased to 20% year-to-date through the third quarter of 2014. 

As a reflection of its strong capital levels, liquidity profile and earnings, NexBank Capital, Inc. recently received senior long-term and short-term debt ratings of BBB- and K3, respectively, and NexBank SSB recently received a long-term rating of BBB and a short-term rating of K2 for its deposits by Kroll Bond Rating Agency.  Both ratings have a stable outlook.

NexBank Presents at the Community Banking in a New World and the Subchapter S Bank Conference

NexBank has announced that John Holt, President and Chief Executive Officer of NexBank Capital, Inc., will speak at the Community Banking in a New World Conference on a panel discussing “Banking Ideas, Strategies, Tips and Hints” and Matt Siekielski, Chief Operating Officer of NexBank Capital, Inc., will speak at the Subchapter S Conference on a panel discussing “Capital Raising Strategies for Sub S Banks, Shareholder Succession, ESOPs and Liquidity Options”.  The conferences are being held in San Antionio on October 22nd and 23rd.

NexBank Provides $10 Million Credit Facility to Uplift Education

(September 25, 2014 - Dallas, TX) – NexBank SSB, a leading regional bank based in Dallas, Texas, has provided a $10 million credit facility to Uplift Education, North Texas’ largest public charter school network, to support its expansion in the Dallas area. 

Uplift Education develops public school programs that empower students to reach their highest potential for success in college and beyond. 100% of the class of 2014, 388 students, received college acceptance letters and more than $67 million in scholarships and grants.  The organization offers education to underserved communities throughout North Texas, and 60% of their students qualify for Free and Reduced Lunch programs.

Uplift Education operates 32 schools in the Dallas and Fort Worth regions that enrolled nearly 12,000 primary, middle school and high school students in the 2014-2015 school year.  The organization plans to increase enrollment to 13,000 students by 2016. The financing will support the opening of three school facilities in Oak Cliff, southeast Dallas and southwest Dallas, as well as projects related to the construction of instructional-use facilities on the three properties.  

“Uplift Education is a strong borrower that has a proven record of academic success as well as cost-effective operations in their school programs,” said Grant Smith, Senior Vice President and Chief Lending Officer of NexBank SSB. “We are pleased to partner with Uplift Education, providing them with the opportunity to expand student enrollment and improve educational opportunities for all students in the Dallas area.”

“With this loan, NexBank becomes an important partner in our effort to make a high quality college preparatory education available to more students in North Texas. They’ve stepped into the gap between our 2014 and 2015 bond issues and are helping us keep our growth on track as we pave the way for three more Uplift campuses,” said Bill Mays, CFO of Uplift Education.

NexBank partners with local and national organizations dedicated to making a difference in their communities. The company has supported a number of non-profit causes through volunteer efforts, sponsorships and direct contributions.

NexBank Completes Fully-Subscribed $40 Million Bank Term Loan

DALLAS (August 26, 2014) - NexBank Capital, Inc., a fully-integrated financial services company, has announced the completion of the final tranche of a successful $40 million bank term loan from multiple lenders.

The loan closed fully subscribed with commitments received from a group of four leading banks from Texas and Oklahoma. The loan provides capital for NexBank SSB, NexBank Capital, Inc.’s primary operating subsidiary and a leading regional bank, to strengthen its balance sheet and to fund the continued expansion of its operations.

“This debt financing has allowed the bank to grow significantly over the past year,” said John Holt, President and CEO of NexBank Capital, Inc. “We are pleased with the support from the participating financial institutions.  The strong response demonstrates the confidence these banks have in the financial strength of NexBank and its long-term growth strategy.”

Between the initiation and final closing of the loan, NexBank Capital, Inc. reported strong growth.  From the second quarter of 2013, total assets increased 43% year-over-year to $1.48 billion.  Its return on average equity increased to 16% and its net income levels were $8.41 million through the second quarter of 2014.

NexBank Capital, Inc. recently received senior long-term and short-term debt ratings of BBB- and K3, respectively, and NexBank SSB recently received a long-term rating of BBB and a short-term rating of K2 for its deposits by Kroll Bond Rating Agency.  Both ratings have a stable outlook.

NexBank Receives Investment Grade Ratings

DALLAS (June 11, 2014) - NexBank Capital, Inc., a fully-integrated financial services company, was assigned senior long-term and short-term debt ratings of BBB- and K3, respectively. NexBank SSB was assigned a long-term rating of BBB and a short-term rating of K2 for its deposits. The outlook on all ratings is stable.  The ratings were assigned by Kroll Bond Rating Agency (KBRA). 

NexBank’s strong capital levels, liquidity profile, and earnings metrics supported the ratings. “This announcement reflects the continued growth and performance of the bank; the strength of the management team and our professionals, and our focus on sound financial practices,” said John Holt, CEO and President of NexBank Capital, Inc. and the Chairman of the Board for NexBank SSB.

NexBank has achieved significant growth while maintaining its well-capitalized status with strong capital ratios and exceptionally low levels of non-performing assets, which stood at 0.03% at March 31, 2014. The tier 1 and total risk-based capital ratios stood at 9.27% and 13.61%, respectively.  

At the end of this year’s first quarter, the bank’s assets grew to $1.36 billion and deposits exceeded $1.13 billion, a year-over-year increase of 66% and 59%, respectively. In addition, the bank’s loan portfolio expanded to $1.07 billion, an increase of 71% from the first quarter of 2013.  These increases are primarily related to the growth of NexBank’s institutionally-focused product and service offering.

NexBank Capital, Inc. also reported strong growth over the last year.  Total assets grew to $1.38 billion, a year-over-year increase of 59% from the first quarter of 2013.  Its return on average equity has increased to 16% and its net income levels were $3.86 million for the first quarter of 2014. 

NexBank provides commercial, investment and mortgage banking products and services, and is the fifth largest bank headquartered and operating in Dallas.

NexBank Capital, Inc. Tops ‘Core Deposits’ Category in Bank Director Magazine’s 2014 Growth Leaders Ranking

DALLAS (May 28, 2014)—NexBank Capital, Inc., a fully-integrated financial services company, topped three of the four categories of Bank Director Magazine’s 2014 Growth Leaders Ranking. NexBank took home honors in the Core Deposits, Net Loans and Leases, and Core Revenue categories, ranking first, third and seventh, respectively.

NexBank SSB achieved significant growth in asset, deposit and loan balances due to its focus on institutional customers and scalable businesses.  From 2012 through 2013, the bank’s assets grew sharply to $1.27 billion, a 62% increase from 2012; deposits grew to $1.01 billion, an 81% increase from 2012; and the total loan portfolio reached $956 million, an increase of 68% year over year in 2013.

“It’s an honor to be recognized by Bank Director for our strong performance,” said John Holt, President and CEO of NexBank Capital, Inc. “NexBank has expanded its offering to institutional clients to meet their specific needs, and as a result, has achieved growth across all business lines. Our client-focused approach will continue to drive earnings for the bank and improved results for our clients.”

Bank Director Magazine’s Growth Leaders Ranking includes both publically and privately owned depository institutions with more than $1 billion in assets in the third quarter of 2013. This year’s data pool included nearly 700 institutions nationwide. Rankings were organized with four metrics that capture the most important aspects of an institution’s financial growth—core revenue, core deposits, net loans and leases, and noninterest income.

NexBank Names Kenneth Hanks, Matt Siekielski and Joshua Bock as Executive VPs

Dallas (April 9, 2014) - NexBank Capital, Inc., a fully integrated financial services company, has promoted Kenneth R. Hanks, Scott Matthew Siekielski and Joshua B. Bock to Executive Vice President positions. All three will report to NexBank Capital, Inc.’s CEO and President, John Holt.

The promotions are a result of the role these executives have played in NexBank’s growth and expansion, Holt said. “We highly value the expertise of these three individuals. They have shown extraordinary leadership and contributed significantly to the success of NexBank,” Holt added.

Hanks serves as Chief Financial Officer of NexBank Capital, Inc. and NexBank SSB. He oversees the financial management and information technology for NexBank SSB and NexBank Capital, Inc. as well as financial matters for NexBank Securities, Inc./NexBank Capital Advisors, the broker-dealer and investment banking subsidiary of NexBank Capital, Inc.

As Chief Operating Officer of NexBank Capital, Inc. and NexBank SSB, Siekielski is responsible for the growth and management of the bank’s primary operating businesses. This includes commercial banking, mortgage banking, deposit operations and treasury management, with a focus on tailored lending and depository products for institutional clients.

Bock serves as General Counsel of NexBank Capital, Inc. and NexBank SSB. He oversees the strategic direction of all legal, risk management and compliance functions. This includes litigation, all regulatory matters affecting the organization, and legal support for the banking, corporate finance, capital raising, debt issuance, and lending activities for NexBank Capital, Inc. and NexBank SSB.

“All three positions will strengthen our executive team and reinforce our commitment to ongoing growth and expansion,” Holt said.

Craig L. Campbell Named President of NexBank Securities, Inc. Senior Managing Director of NexBank Capital Advisors

(Dallas - March 18, 2014) - 

NexBank, a fully integrated financial services organization, today named Craig L. Campbell President of NexBank Securities, Inc. and Senior Managing Director of NexBank Capital Advisors. Based in Dallas, Mr. Campbell will lead the firm’s broker dealer, investment banking and business advisory operations.

 “NexBank has been on a major growth trajectory for several years now, and Craig will add significant momentum to the expansion of our investment banking and business advisory services,” said John Holt, President and Chief Executive Officer of NexBank Capital, Inc. “Craig’s track record is both proven and noteworthy. He brings us well-established relationships and a deep understanding of financial institutions and other industries that can maximize NexBank’s growth opportunities.”

“I’m very pleased to be joining NexBank,” Mr. Campbell added. “NexBank is a fully integrated commercial and investment bank, which gives us the ability to offer clients a comprehensive range of products including lending, mortgage banking, equity and debt capital raising, M&A and operations advisory services. My primary objective is to drive the expansion of the investment banking group’s broad and deep industry expertise, which focuses on financial institutions, energy, healthcare, industrials, consumer and retail, technology, media and telecom. With the continued growth of these capabilities and expertise, we plan to become a leading middle market focused investment bank.” 

Mr. Campbell has over 20 years of investment banking experience. He previously served for over a decade as a Managing Director in the Investment Banking Group at FBR Capital Markets, focusing on financial services and advising on capital raising and mergers and acquisitions nationally. Earlier, he served as a Senior Associate covering the Consumer and Gaming industries at CIBC World Markets, and Associate covering the Technology, Media and Telecom industries at Wedbush Morgan Securities.

Mr. Campbell began his career at Price Waterhouse and Ernst & Young, and earned a B.S. in Business from the University of Southern California.

Barrier Advisors Renamed NexBank Capital Advisors

DALLAS (Jan. 6, 2014) – Barrier Advisors is changing its name to NexBank Capital Advisors on Monday, January 6, to better reflect its relationship as part of the NexBank Capital, Inc. brand. The Dallas-based investment banking, restructuring, operations advisory and real estate advisory firm is a subsidiary of NexBank Capital, Inc., a company which also includes NexBank SSB, a regional commercial bank with over $1 billion in assets. 

As NexBank Capital Advisors, the firm will continue to provide turnkey solutions to both well-performing and underperforming businesses including:

Mergers and Acquisitions;
Capital Sourcing;
Financial Restructuring;
Operations Advisory;
Real Estate Advisory.

“NexBank Capital has experienced significant growth over the past few years,” said President and CEO of NexBank Capital, Inc., John Holt. “The rebranding of all business lines under one name delivers a clear message to the industry that NexBank is a leader in banking, corporate finance and institutional services.”

Since 2001, NexBank Capital Advisors (formerly Barrier Advisors) has partnered with a diverse client base, including corporations, privately-held companies, financial institutions, private equity groups and debtors and creditors in distressed situations. The firm has experience in a wide range of industries and offers additional insight into energy, healthcare, aerospace, industrial, distribution and real estate.

“This rebranding reaffirms our commitment to our clients, supporting them as one combined entity,” said Barrett D. Kingsriter, Managing Director and Head of Investment Banking at NexBank Capital Advisors. “It signifies the expansion of our company and gives us the opportunity to deliver a more comprehensive service offering, leveraging the resources and capabilities of two strong businesses.”

NexBank Capital Advisors will continue providing services to companies throughout North America from the NexBank Plaza offices in Dallas, Texas.

NexBank Management to Speak at Community Banking in a New World Conference

Dallas, October 14, 2013 – NexBank has announced that John Holt, President and Chief Executive Officer, and Matt Siekielski, Senior Vice President and Chief Operating Officer, will speak at the Community Banking in a New World Conference. Mr. Holt and Mr. Siekielski will speak on the topic of Niche Lending Strategies, Bank Holding Company Term Loans and the Shared National Credit Program.  The conference will be held on October 23, 2013 in San Antonio, Texas. 

Hambright and Vardell Join NexBank Mortgage Warehouse Team

DALLAS (Feb. 14, 2013) – Industry veterans Tamara Hambright and Paula Vardell have joined NexBank as SVPs within the Mortgage Banking Division. Hambright will serve as Senior Vice President of Warehouse Lending, and Vardell has been named Senior Vice President of Warehouse Operations.

With nearly 50 years of financial services experience between the two, Hambright and Vardell will report to Matt Siekielski, Chief Operating Officer of NexBank, who leads the bank’s commercial banking, mortgage banking and deposit operations platforms.

“Tamara has spent the majority of her career working in warehouse lending, while Paula brings a proven track record of accomplishments in developing, growing and managing wholesale and warehouse operations,” said Siekielski. “The addition of such highly respected mortgage professionals is a major step forward in the growth and expansion of NexBank’s mortgage banking business.”

Prior to joining NexBank, Hambright spent more than 25 years as Senior Vice President and Manager of the Mortgage Purchase Division of Southwest Securities, FSB. Her responsibilities included developing, implementing and managing both the operations and sales channels for the nationwide program.

Also joining NexBank from Southwest Securities, FSB, Vardell served as the Senior Vice President of Operations for six years. As a high-level management executive, Vardell brings a broad range of experience in residential real estate and mortgage banking to the NexBank team, in addition to hands-on experience in wholesale, retail and correspondent lending.

Her prior experience includes 15 years as Vice President of Operations at LoanCity Mortgage and as Closing Manager for both Wachovia Mortgage Corporation and Chase Manhattan Mortgage Corporation.

“We’re very proud to have such proven industry leaders to support our growing mortgage banking business,” Siekielski said.

Kenneth R. Hanks Appointed as Chief Financial Officer

DALLAS (Nov. 19, 2012) – Kenneth R. Hanks has been named Chief Financial Officer of NexBank Capital, Inc. and its banking subsidiary, NexBank SSB. With nearly three decades of experience in the banking and financial services industry, Hanks will oversee financial management, information technology and operations for NexBank and financial matters for the organization’s broker-dealer and investment banking subsidiary, NexBank Securities, Inc./Barrier Advisors.

“Ken has shown he can create top-line revenue growth, expand market share, streamline internal efficiencies and increase profitability,” said John Holt, NexBank Capital’s Chief Executive Officer. “His deep industry experience, combined with his proven ability as a leader will play significant roles in our future growth and expansion.”

Hanks’ experience includes a variety of leadership, strategic and external board positions. Prior to joining NexBank, Hanks served as Executive Vice President and Chief Financial Officer of SWS Group, Inc. (NYSE: SWS). He currently serves as a Board Member and Audit Committee Chair to Peerless Manufacturing (NASDAQ: PMFG).

Hanks will fill a critical role in the development of NexBank Capital’s growth strategy to expand into new service areas and enhance its existing offering to clients. He will support the strategy’s dual focus, executing both organic and acquisition growth initiatives.

Hanks holds a BBA in finance and an MBA from the University of Texas at Austin. A Certified Public Accountant, he is also a member of the National Association of Corporate Directors (NACD) and an arbitrator for the Financial Industry Regulatory Authority (FINRA).

New Preston Center Location Opens

DALLAS (December 20, 2011) – NexBank, a leading banking and financial services company in North Texas, has opened a full-service office at Preston Center. Located at 6121 Luther Lane, the location provides customers in the Park Cities and surrounding areas with the added convenience of NexBank’s mortgage lending, commercial and personal banking services. This location will also be led by a new Banking Center President, announced in the coming weeks.

Although another bank previously occupied this location, NexBank has been busy remodeling the space in an effort to provide a unique offering ideal for the residents and surrounding businesses within the Park Cities. The branch is also set to expand NexBank’s mortgage banking solutions, construction and commercial lending efforts within the already robust Park Cities area.

“NexBank knows what the Dallas market wants, needs and expects from a local banking institution,” said John Holt, President and CEO of NexBank. “We’re known for innovation within our commercial and mortgage banking channels, but we further differentiate ourselves with products like our jumbo mortgage program – Mortgage Connect – all of which are important to serving our customers in the Park Cities.”

This landmark site supports NexBank’s strong base of customers in the Highland Park, University Park and Preston Hollow areas.

Mortgage Connect Program Surges

DALLAS (November 15, 2011) – NexBank’s Mortgage Connect, a non-conforming mortgage loan program launched in Texas earlier this year, has increased its loan volume by nearly 450 percent over the previous quarter.

A North Texas leader in commercial and mortgage banking, NexBank established the program to provide a suite of traditional, non-conforming mortgage solutions to support Texas-based loans from $250,000 to $2 million-plus. Jed Meaux, vice president and head of NexBank’s Mortgage Division, said the program has surged because it addresses a previously unmet need in the market.

“We designed it as a balance-sheet product that offers expanded non-conforming options to mortgage brokers looking for both moderate amounts of capital and jumbo loans alike,” he said.

The self-employed borrower may have trouble securing funding for typical mortgage and jumbo loans because of restrictions and GSE guidelines, Meaux added. “But we look at the entire deal and quality as a whole; not just one little piece, which is often the hold up for self-employed borrowers.

“Because this type of capital is increasingly hard to find, we believe Mortgage Connect will continue to grow exponentially in the months ahead,” he said.

NexBank Announces New General Counsel

DALLAS (October 19, 2011) –NexBank, a leading banking and financial services company based in Dallas, has appointed Josh Bock as senior vice president and general counsel. Bock will serve as the legal liaison officer for all litigation on behalf of NexBank's interests.

He will also be responsible for developing and implementing legal and risk management strategies that aim to facilitate the safe and sound accomplishment of goals for the bank and other holding company subsidiaries.

“Josh’s background in the financial industry will truly be an asset to the NexBank executive team,” said John Holt, president and CEO of NexBank. “With his skill set, impressive background and work ethic, we are certain he will help enhance the everyday workings of our company while continuing to build its reputation.”

Prior to joining NexBank, Bock was an attorney with Bracewell & Giuliani LLP where he was assigned to the nationwide financial institutions practice.

Bock holds a Master in Laws (LL.M.) in Financial Services from Chicago-Kent School of Law, a J.D. from the University of Detroit-Mercy School of Law and a B.A. from the University of Michigan.

NexBank Announces New COO

DALLAS (September 28, 2011) – NexBank, a leading banking and financial services company based in Dallas, recently named Scott “Matt” Siekielski Chief Operating Officer. Siekielski brings nearly a decade of experience in the banking industry to this position.

“Matt’s background and experience will be an asset to our leadership team at NexBank,” said John Holt, CEO of NexBank. “He comes to us with strong experience in strategic planning, business development and exceptional knowledge about our industry, which is integral not only to his position but also to NexBank.”

Throughout his banking career, Siekielski has gained expertise in strategic planning, capital raising, customer communication, budgeting, divestitures, acquisitions and recruitment. These will all be vital components of his day-to-day responsibilities that include overseeing the operational success of NexBank’s Agency Services, Deposit Operations and Treasury Management and Mortgage Lending departments. “Matt will also serve as a key member of the executive management team as it relates to treasury functions and overall business development initiatives for NexBank,” Holt added.

Prior to joining the NexBank team, Siekielski was a senior vice president at Southwest Securities, FSB in Dallas. While there, he was a key member of both executive and senior level management teams.  Additionally, Siekielski served as an Advisory Board Member for both the Lone Star New Markets/Growth Capital Fund and the Lone Star CRA Fund, which focus on private equity investments in middle-market companies located in low-to-moderate income areas.

Siekielski holds a BA in Business Administration from Southwestern University and an MBA in Accounting and MS in Real Estate from The University of Texas at Arlington.

NexBank Expands Non-conforming Offering with Mortgage Connect Program

DALLAS (Sept. 14, 2011) – NexBank, a North Texas leader in banking and financial services, is launching the Mortgage Connect Program, a suite of traditional, non-conforming mortgage products to support loans from $250,000 to $2 million-plus. The Mortgage Connect program features common-sense underwriting and is funded directly from NexBank’s balance sheet.

According to Jed Meaux, vice president and head of NexBank’s Mortgage Division, the success of the bank’s recent Jumbo Connect program led management to create Mortgage Connect.

“Our Jumbo Connect mortgage program specialized in non-conforming loans between $417,000 and the $2 million-plus range,” Meaux said. “It proved that there’s a strong need in the current market for traditional, non-conforming lending products with common-sense underwriting and fast turn times.”

“By expanding our balance-sheet offerings to include loans down to $250,000, the Mortgage Connect program allows us to serve the funding needs of most homeowners in the North Texas market. It not only provides capital that’s increasingly hard to find, it’s structured with the distinct needs of mortgage brokers in mind.”  

NexBank CEO, John Holt, said that by satisfying continued demand for traditional non-conforming solutions in the North Texas market, the Mortgage Connect program plays a strategic role in the bank’s growth and expansion plans. “As the Texas housing market continues to weather volatile economic times, we want NexBank to be a key resource for mortgage brokers looking for common-sense solutions at competitive rates,” he said. 

NexBank Expands to Park Cities

DALLAS (August 19, 2011) – NexBank, a leading banking and financial services company in North Texas, announced plans today to open a full-service office at Preston Center. According to John Holt, CEO of NexBank, the new location is scheduled to open in November and will provide customers in the Park Cities and surrounding areas with added convenience and service.

“Opening in Preston Center gives us a solid foothold in one of the most important banking hubs in the Metroplex,” Holt said. “We already have a strong base of customers in the Highland Park, University Park and Preston Hollow areas, and we see this location as playing a key role in our continued success.”

“We want to be where we can do the most good for our customers. The new office will extend NexBank’s market leadership in the real estate lending community, while maintaining a primary focus on delivering innovative mortgage and business banking solutions within the Park Cities,” he explained.

“NexBank understands the Dallas market, and what people here want and need from a local bank,” Holt added. “We’re known for our flexibility, differentiated lending services and concierge-level service model, and we’re one of the few local banks that can also offer jumbo mortgage loans—all of which are important to serving customers in the Park Cities.”

Holt Takes Helm as President and CEO

DALLAS (June 30, 2011) – NexBank, a leading banking and financial services company based in Dallas, today named banking veteran John Holt as its President and CEO.  Mr. Holt, who has nearly three decades of experience in the banking and financial services industry, is assuming the position effective immediately.

 “We’re thrilled to bring John on as part of the NexBank leadership team,” said Jim Dondero, chairman of NexBank's board of directors.  “His background speaks for itself. He’s successful in his pursuits, and brings a wealth of knowledge and experience to this position and to NexBank.”

Throughout his career, Holt has become an expert in business development, capital market transactions and credit risk analysis. His ability to excel with client relations, investor relations, mergers and acquisitions, operations management, and strategic thinking are all integral to the day-to-day performance and overall success of NexBank.

 Before joining NexBank, Holt served as Chairman of the Board and CEO of Southwest Securities, FSB the commercial banking subsidiary of SWS Group Inc. His commercial, corporate and investment banking skills helped the bank grow from an institution focused primarily in Arlington, Texas, to one with full-service banking centers across Texas and New Mexico. Holt spent the five years prior to his time at SWS Group Inc. at Compass Bank, first as Executive Vice President – Regional Executive and then Executive Vice President – Director of Small Business Banking.

Holt is also involved in his community, having served on numerous civic and social boards as well as the Board of Directors for Texas Banker’s Association where he also sat on the Audit and Finance Committee. He has been chairman for the United Way “Pacesetter” campaign, the American Heart Association campaign and the Multiple Sclerosis Walk.

Holt holds a BBA from the University of Texas at Arlington, and is a graduate of the University of Arizona Karl Eller Graduate School of Management and Southern Methodist University Southwestern Graduate School of Banking.

Jumbo Mortgages Lead the Way

DALLAS (May 26, 2011) -- NexBank, a North Texas leader in banking and financial services, is rolling out a large program to finance jumbo mortgage loans up to and beyond $2.0 million.  This new loan program will be available through multiple channels at the bank with NexBank’s Mortgage Operation handling the loan underwriting and processing.

 Higher-cost neighborhoods throughout North Texas traditionally have depended upon the ready availability of “jumbo” mortgages to finance houses.  But with the collapse in 2008 and 2009 of the private mortgage market, homebuyers, builders and refinancers who relied on jumbo financing were left with few quality funding sources. Additionally, the lenders who did remain significantly tighten underwriting parameters, making qualification as big of a challenge as the high interest rates or large down payments that were required.

 “Mortgage solutions have quickly become a core competency for us during the past years, and lending money directly from our balance sheet for jumbo loans just makes sense,” said Mike Rossi, executive vice president at NexBank.

 Jed Meaux, a vice president and head of NexBank’s Mortgage Group, said there is “a real need” for capital in the jumbo mortgage arena.  “We are pleased to expand our portfolio with this new jumbo mortgage product, and we are bringing a common-sense commitment to supporting the homeowners in North Texas. Overall, the jumbo loan can sometimes be elusive to the homeowners who need it the most.”

Traditionally, jumbo loans have been defined as a home mortgage whose principal value is above $417,000, but aspects of availability of lenders as well as underwriting constraints change when loans exceed $700,000.  Generally most programs will cap at $2.0 million, but the NexBank program is designed to accommodate loan amounts above $2.0 million when warranted.

“Our jumbo product has some key benefits that make it an attractive option,” said Meaux. “All of the underwriting will be done locally and decisions made quickly. The borrowers who take advantage of our jumbo product are not placed in a box.  Often times their loans need special consideration when it comes to income documentation, loan-to-value or other underwriting considerations. Our jumbo product is especially designed for this type of situation.”

 “Nationwide, jumbo mortgage originations were down an estimated 70 percent in 2008 over prior years – not due to lack of demand, but rather a lack of supply. Some lenders have stopped offering jumbo mortgages altogether, while others have simply priced themselves out of the market,” said Rossi. 

According to Meaux, “We are filling a void with an attractive jumbo mortgage loan product at a highly competitive rate. We are confident there is unmet demand for jumbo loans in today’s market, and that the jumbo mortgage customer is seeking funding sources that are driven by common-sense underwriting.” 

NexBank Launches Correspondent Mortgage Channel
Grant Smith Promoted to Chief Lending Officer

DALLAS (May 6, 2011) -- NexBank, a North Texas leader in banking and financial services, announces the launch of a correspondent lending group, designed to provide  viable funding solutions with expedient turn times for banks and mortgage brokers. As mortgage professionals seek ways to adjust to regulatory changes impacting the mortgage industry, correspondent loan programs further expand funding options that help support home ownership in communities.

“As a correspondent lending partner, NexBank offers mortgage brokers the opportunity to serve as mortgage bankers to their customers,” said Jed Meaux, vice president and head of NexBank’s Mortgage Division. “And small community banks can provide mortgage solutions to their banking customers but leave the backroom work of underwriting to us.”                               

 “The timing for this offering could not be better,” said Mike Rossi, executive vice president for NexBank. “In this stage of the economic cycle, everyone is looking for quality mortgage solutions that provide a reliable access to funding but keep operational burdens low.”

With double digit growth in 2010, NexBank’s Mortgage Division operates with an experienced and knowledgeable staff “who specialize in customer service,” said Meaux. “However, the real difference that NexBank provides as a partner is the abundantly ample communication and an efficient loan process. As mortgage professionals work to rebuild their businesses, they can focus on what’s most important to their bottom line.”

NexBank, who entered the wholesale lending space in early 2008, provides products and services to mortgage professionals to help them serve their borrowers with quality loan solutions and reliable delivery.      

Mahesh Gehani Promoted to Chief Credit Officer

DALLAS (February 22, 2011) – Mahesh Gehani is ready to step up to his new role as Senior Vice President, Chief Credit Officer at NexBank, a leading banking and financial services company based in Dallas. Gehani was formerly NexBank’s Director of Credit.

“We are excited to build on Mahesh’s experience and expertise in his new role at NexBank,” said Mike Rossi, Executive Vice President & Chief Financial Officer. “His expertise in all things credit-related is second to none, and his workmanship and dedication to NexBank is what we’re all about.”

Gehani has over 15 years of experience in development, acquisition underwriting and financing, but his primary emphasis is credit risk analysis, commercial real estate acquisition and valuation services. Gehani was recently named one of Dallas Business Journal’s “40 Under Forty,” an honor given to top Dallas business leaders who are under 40 years old.

Prior to joining NexBank, Gehani was a Principal at Optimal Realty Capital, Senior Associate at N3 Capital, Portfolio Manager at Bank of America and Senior Analyst at Sabre, Inc.

Gehani holds a Master’s degree in Professional Accounting from the University of Texas at Austin and a Bachelor’s degree in Economics and Government and Politics from the University of Maryland at College Park. 

NexBank Partners with American Soldiers

DALLAS (January 14, 2010) – NexBank proudly announced this week that it will serve as presenting sponsor for ReserveAid Texas’4th Annual Stars & Stripes Dinner, to be held on Friday, March 4th at the Frontiers of Flight Museum in Dallas. ReserveAid, a non-profit organization dedicated to providing financial assistance to reserve and active duty military service members and their families, holds the event each year in honor of Texas troops who have been called to active duty and are experiencing financial difficulty. The funds raised from the dinner will be used to continue to provide financial assistance to reserve and active duty military service members and their families.   Last year the event brought in more than $500,000 in donations.

 “NexBank is dedicated to being a strong and active partner in our community and supporting local causes,” said Davis Deadman, president and chief executive officer at NexBank. “We have worked with ReserveAid and seen the fantastic work they do on behalf of all of us as citizens, taking responsibility and stepping in to help some of the bravest people in our country. As a company, NexBank wants to help ReseveAid and be there for soldiers who give so selflessly for the benefit of everyone.”

ReserveAid Texas targets gaps in financial support that are not always met when reservists are called to duty. This includes reservists getting activated and their military pay is a fraction of their civilian pay, families whose civilian pay gets cut off and then there is a problem with their military pay starting (amount is wrong, first payment gets delayed, etc.), and veterans who have been injured and are navigating the VA benefits process. 

ReserveAid Texas works to make sure our brave men and women and their quality of life do not suffer as a result of their commitment to the United States.

The keynote speaker will be Commander Kirk S. Lippold, a retired member of the United States Navy. Commander Lippold was the Commanding Officer of the USS Cole on October 12, 2000 when the ship was attacked and bombed by Al-Qaeda terrorists. He has since been a recipient of the Legion of Merit. The featured comedian for the evening is PJ Walsh, a veteran of the U.S. Navy. PJ also has made a name for himself opening for other famous blue collar comedians Larry the Cable Guy, Jeff Foxworthy, Bill Engvall and Ron White. He has performed at Armed Forces facilities in Japan, Korea and the Balkans, as well as with the “Comics on Duty” tour throughout Iraq and Afghanistan. 

NexBank Raises $10 Million in New Capital

DALLAS (Jan. 13, 2011) – NexBank Capital, Inc., parent company of NexBank, a North Texas leader in banking and financial services, announced today it has secured $10 million in additional capital.  The offering closed on December 28, 2010. Late 2009, NexBank Capital also infused $10 million of capital into NexBank.

“We had reached a point whereby adding more new funds would allow us to continue capitalizing on opportunity while sustaining our growth trajectory,” said Davis Deadman. Primarily, the company plans to use the newly acquired capital to expand NexBank’s business lending operations, including its commercial property lending and mortgage platforms, while increasing its focus on lending money to companies in the Dallas and Fort Worth areas. “The bank’s lending activity had a strong and significant showing in 2010,” continued Deadman.

“Compounded with an economic cycle that is starting to show signs of moderate recovery, businesses are beginning to look for funding to help them grow, expand or acquire. We want to be the local bank that will lend local companies the money to meet their needs,” said Deadman. NexBank maintained steady growth during 2010, due in part to the creation of its mortgage warehouse platform and the expansion of the bank’s Small Business Administration (SBA) lending practice.  The company is also in the process of introducing a variety of value-added lending products that will continue to generate impact to the local business community.    

NexBank Capital also is the parent company of Barrier Advisors, NexCapital Investment Banking and NexBank Land Advisors who all stand to benefit from this latest round of investment capital. 

NexBank Announces Strong Performance in Mortgage and Warehouse Operations

Dallas (Dec. 20, 2010) – NexBank, a North Texas leader in banking and financial services, has announced continued strong performance from its mortgage and warehouse lending operations. The mortgage division of NexBank experienced 30 percent growth during the second half of the year due to increased loan production generated mostly from its warehouse mortgage group, and an intent focus on business development of the mortgage and warehouse lending operations.                                                                                              

“The management team and I are committed to consistent growth. We strongly believe this can be accomplished with a continued concentration on the company’s core operating businesses, which includes the mortgage and warehouse lending divisions,” said Davis Deadman, NexBank President and CEO. “This success is a direct reflection of the mindset of our executive leadership. We saw a void in the market, and then an opportunity for NexBank not only to fill it, but provide a greater service to our current clients.” 

"Despite the lagging economy, our growth is strong,” said Jed Meaux, Vice President and Director of Mortgage and Warehouse Lending operations for NexBank. “Response has been positive from the start – and owners are asking for additional capacity. The high response also is a result of our service levels – we maintain high performance expectations, including 48-to-72 hour turn times,” Meaux noted of his loan production team.

"The warehouse lending product allows mortgage bankers and brokers to expand their business capacity with access to capital while maintaining control. This has been a winning strategy for us,” said Meaux. “The end result is consumers have more options to choose from.”

Since many big banks closed down their mortgage warehouse lines, the availability of credit has been low for small mortgage banking companies and mortgage brokers. “But with the lines of credit we’re offering, NexBank has realized an overwhelming positive response from current clients as well as new customers. Small mortgage bankers have found us to be the financial partner and business support they need, and with our help, they’ve been able to impact their profitability and agility in the marketplace,” said Meaux.     

Meaux noted that he is seeing an increase in the number of brokers in the market who have become bankers by obtaining warehouse lines of credit. This has allowed NexBank to expand and broaden its range of clients – adding small and medium-sized local mortgage bankers and mortgage brokers – who seek out the professionals in NexBank’s Mortgage Division because they recognize the bank’s ability to deliver a funding solution that supports sustainability and growth. 

NexBank Forms New SBA Division

 DALLAS (Sept. 28, 2010) – Davis Deadman, president and CEO of NexBank, announced the formation of a new Small Business Administration (SBA) Lending Division at the bank. Ron Tittle, Senior Vice President of SBA Lending, will direct the lending activities of the Division. Dallas-based NexBank is a North Texas leader in banking and financial services.

Deadman indicated that the formation of an SBA lending program is in keeping with the bank’s philosophy of community lending. “As one of the premier community banks in North Texas, we feel it is appropriate to offer this invaluable lending program at this juncture in the economic cycle,” Deadman stated. He commented that while NexBank has continued to lend in a traditional manner throughout the economic downturn, the bank now sees new opportunities to lend money prudently with the help of the SBA. “This program will allow us to continue to help local businesses in these difficult times,” Deadman said. “Small and medium-sized businesses are the backbone of our economy, and the sooner we can get main street back to normal, the faster the general economy will return as well.” 

When Deadman appointed Ron Tittle to head up the newly formed Small Business Administration (SBA) Division as Senior Vice President and Divisional Manager, he tapped the nearly 20 years of small business lending experience that Tittle has directed at other organizations.

“Ron and his team are a timely addition to NexBank. This type of service offered to the local business community is well needed and will become one more reason for entrepreneurs to maintain their entire banking relationship with us,” said Deadman. “The entire team of SBA bankers is seasoned in the industry and has the expertise to remain instrumental in assisting the small business communities in North Texas. Furthermore, with the continuation of the U.S. SBA's Recovery Act, we can now offer loans up to $5,000,000, a 90 percent guaranty on 7(a) loans and eliminate the upfront guaranty fees associated with all eligible loans.”

The mission of the Small Business Administration is, “to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters.” The SBA does not make loans directly to small businesses, but acts as guarantor on the bank loan. The SBA has directly or indirectly helped more than 20 million businesses, and is the largest single financial backer of businesses in the United States.

NexBank Launches Mortgage Warehouse Lines

 DALLAS (July 28, 2010) –  Recognizing the significant role that smaller, independent originators play in generating mortgage loans, NexBank, a North Texas leader in banking and financial services, has announced the launch of a new warehouse lending program designed to give small and mid-sized banks as well as large mortgage brokers the capacity and flexibility to grow and compete for business.

“Not only does this new warehouse lending product allow mortgage bankers and brokers to expand their business capacity with access to capital and control,” said Jed Meaux, vice president and head of NexBank’s Mortgage Division, “it also gives consumers more options to choose from – and in the market today, this kind of flexibility is a winning strategy.”

Since many big banks closed down many of their mortgage warehouse lines in late 2008, the availability of credit has been low for small mortgage banking companies and mortgage brokers. “But with the introduction of this new line of credit, NexBank has realized an overwhelming positive response from our current clients as well as new customers to participate in this lending program. Small mortgage bankers need a financial partner and business support. With this new warehouse line of credit, our customers can significantly impact their profitability and increase their agility in the marketplace,” said Meaux.     

Meaux noted that he is seeing an increase in the number of brokers in the market who are becoming bankers by obtaining warehouse lines of credit. As this development continues, NexBank will be able to expand and broaden its range of clients – adding small and medium-sized local mortgage bankers and mortgage brokers – who seek the professionals in NexBank’s Mortgage Division because they recognize the bank’s ability to deliver a financial package that supports long-term growth. 

“The small to mid-sized banker and large mortgage broker are comfortable doing business with NexBank,” said Meaux. “Essentially, it is really about relationship – it is about doing business with a partner you can depend on and who you know has the means to financially support the growth of your business – and who is not going to surprise you by pulling out of the market, putting both you and your customers at risk.”

Rob Rothrock Promoted to Senior Vice President

 DALLAS (JUNE 29, 2010) – Dallas-based NexBank, a North Texas leader in banking and financial services, is pleased to announce the promotion of Robert Rothrock to Senior Vice President. With over 20 years of professional and financial services experience, Rothrock brings an extensive background and expertise in developing strategic initiatives that focus on revenue growth, brand management and talent acquisition.

“Rob is a high caliber professional with extensive knowledge in bank marketing, business development and recruiting. He has been instrumental in the development of the NexBank brand and how we as a bank can best serve our community of customers. Rob also has managed the bank’s marketing efforts through a challenging economic period and has done an excellent job,” said NexBank CEO Davis Deadman.

Rothrock has held key strategic positions with large national banks where he focused on division development and specialty deposit services. Immediately after joining NexBank, Rothrock lead the bank’s philanthropic participation, involving the bank in numerous charitable and civic-oriented organizations, including becoming the presenting sponsor for the Dallas White Rock Marathon.

In 2007, NexBank stepped in as the Marathon’s presenting sponsor when the title sponsor pulled out at the last minute. In 2008, race organizers raised the participant cap to 17,000 through NexBank’s support. The race sold out before race day, and fundraising grew to a new level. With continued support from NexBank in 2009, the field was again raised, this time to a participation level of 20,000, which also sold out before race day.                                                               

“We are pleased to have Rob as a part of our senior management team. I congratulate him on this well-deserved promotion,” said Deadman.

NexBank Reports Strong First Quarter

 DALLAS (May 10, 2010) – NexBank, a North Texas leader in banking and financial services, today announced a strong first quarter performance, demonstrating the earning power of its core businesses. The bank’s wholesale mortgage and agency services divisions reported gains with increases of 78 percent and 44 percent respectively for the first quarter of 2010 over that for the same period in 2009. NexBank’s retail mortgage division reported a 124 percent increase from its first month of production in July of 2009 versus March of 2010.  

“This reinforces the confidence we have in our business strategy and the value of a community bank’s dedication to the local market it serves,” said Davis Deadman, president and chief executive officer at NexBank. “The underpinning of this performance is an unwavering commitment to our customers, which runs through every part of our company.”

NexBank’s business model focuses on smart decisions and taking an entrepreneurial attitude to sustain itself and its employees – a strong example of this is that NexBank’s revenue line is not maintained by the collection of customer fees. 

“Charging our customers countless fees is not a priority for us at NexBank primarily because it doesn’t have to be,” said Mike Rossi, executive vice president and chief financial officer at NexBank. “However, focusing on smart lines of business like Agency Services and entering the mortgage markets when others are exiting allows us to add value to our customer relationships. We believe this is vital to gaining the confidence of more and more bank customers and to keeping a competitive edge in today’s market.”

The large mega-national chain banks have strict formulas for customer charges whereby when particular fees are charged or raised, the large banks know precisely how this will affect their earnings or profits.   

“There is a strong likelihood that over time, with a continuation of adding so many different fees and other activities that don’t really support the customer, relationships will break down and force many customers, who want to keep their money in their own pockets, to leave the mega-national and large regional banks,” said Rossi. “On the other hand, this movement is healthy, and more customers will find that a local bank, that does not build its success on feeing their customers every chance they can, is a sensible place to bank.”

Mike Rossi Promoted to Executive Vice President

 DALLAS (April 8, 2010) – NexBank, a North Texas leader in banking and financial services, today announced the appointment of Mike Rossi, SVP and chief financial officer for the company, to executive vice president. As a proven leader and financial professional with over 16 years of experience, Rossi has been with NexBank since 2005, leading not only the financial reporting of NexBank, but other bank departments including accounting, marketing and advertising, legal, and information technology.

“Mike is the only CFO that NexBank has had,” said Davis Deadman, NexBank’s president and chief executive officer. “There’s little doubt among any of us who work with him that he helps set the standard at the bank, demonstrating the highest caliber of skills evident among all of our employees. Mike provides wisdom and guidance to every component of NexBank that is essential for growth and retention of profits.”

In 2009, Rossi was selected as one of 32 CFOs from companies in North Texas honored for outstanding performance in the 2009 Dallas Business Journal CFO of the Year Awards. 

Jed Meaux Appointed to Lead Wholesale Division

DALLAS (March 08, 2010) – NexBank, a North Texas leader in banking and financial services, announced today that Jed Meaux has joined NexBank’s Wholesale Lending Division as Vice President.  Meaux, with more than 13 years in the mortgage industry, will head NexBank’s wholesale division.

"The caliber of talent that Jed brings to us demonstrates NexBank’s long-term commitment to building an industry-leading mortgage platform," said Davis Deadman, chairman and CEO of NexBank.  "In his new role, Jed will build out what has developed into a strong business unit for NexBank.  In the short time that Jed has been here, he has become an integral part of the senior leadership team at NexBank, and I’m certain he  will continue to strengthen our company’s overall industry leadership and service to the mortgage community.”

With the unit’s infrastructure in place, Meaux plans to focus primarily on sales and operations. “In order to realize both growth and increased market share, we’ll be intent on maintaining a top-tier staff who know and understand our market,” said Meaux. “With our attention on building industry awareness and market leadership, we’ll work to concentrate on streamlined operations, technology enhancements and product offerings to stay ahead of market changes that could impact mortgage customers here in North Texas.”

In November 2009, NexBank unveiled its plan to expand its retail and wholesale mortgage division to further enhance it developing service operations among a growing network of homeowners, real estate agents and developers.  With double-digit expansion of both mortgage divisions during 2009, NexBank has continued to add mortgage staff during the first quarter of 2010.

“NexBank’s mortgage units have continued to realize strong sales and growth,” said Deadman. “We have been able to carefully manage and grow key areas of the lending units, resisting high-growth speculative opportunities while maintaining top quality services and standards. Since moving into the mortgage space, we’ve grown with the market, and we continue to be pleased with the excellent results.” 

NexBank Helps Raise Record Amount for Texas Troops

 DALLAS (February 26, 2010) – NexBank, on behalf of ReserveAid Texas, a non-profit organization dedicated to providing financial assistance to reserve and active duty military service members and their families, is pleased to announce the Stars & Stripes Dinner held in honor of Texas troops brought in more than $500,000, bringing the three-year total to well over $3 million. NexBank was one of two top donors for the event, at the $50,000+ level. The funds raised from the 2010 dinner will be used to continue to provide financial assistance to reserve and active duty military service members and their families. 

“NexBank is a strong and active partner in our community and we as a company remain focused on the many pressing areas in need of our support. ReserveAid does an incredible job on behalf of all of us as citizens, taking responsibility to find solutions that focus on stepping in to help some of the bravest people in our country,” said Davis Deadman, president and chief executive officer at NexBank. “As a company, we want to help and be there for soldiers who give selflessly to all of us as they navigate difficult times.”                                                                                                                                                        This third annual “Stars & Stripes Dinner” was held on Saturday, February 20, 2010 at the Frontiers of Flight Museum in Dallas, with ReserveAid board members Chris and Kari Mawn serving as event co-chairmen. Other key sponsors included Highland Capital Management, L.P., 7-Eleven, Hayman Capital, L-3 Communications, Credit-Suisse, Equity Appreciation Partners Southwest, Epocal, Inc., Haynes and Boone, LLP, Investment Technology Group, Knight Capital Group, Lackey Hershman, LLP, Lockheed-Martin, Raytheon, Simons Petroleum, Strasburger & Price, LLP and Vought Aircraft.

“Since its beginning three years ago, ReserveAid has helped over 1150 military families from Texas. With this year’s effort, we have raised over $3 million,” said Chris Mawn, an executive at Highland Capital Management in Dallas. “A lot of these grants address basic needs, such as food, clothing, shelter and transportation, making them vital and so important for our service men and women.”

ReserveAid Texas targets gaps in financial support that are not always met when reservists are called to duty. This includes reservists getting activated and their military pay is a fraction of their civilian pay, families whose civilian pay gets cut off and then there is a problem with their military pay starting (amount is wrong, first payment gets delayed, etc.), and veterans who have been injured and are navigating the VA benefits process. 

Currently, the law requires that only those called on active duty receive unpaid leave.  While Reserve Service Members retain long-term job security, many make significantly less than they would in their civilian lives. Accordingly, nearly 41 percent of Reserve Service Members are impacted by a pay discrepancy between their military and civilian salaries. These financial sacrifices are compounded for the 56 percent of Reserve Service Members that are married, most reporting a loss of income as a result of being called to active duty. ReserveAid Texas works to make sure our brave men and women are not penalized for doing so and their quality of life does not suffer as a result of their commitment to the United States.

NexBank Provides Support for Armed Troops

 DALLAS (January 27, 2010) – America’s troops fight battles overseas selflessly and bravely to protect our freedoms, but many times are left alone to fight their own battles at home. ReserveAid Texas, a non-profit organization dedicated to providing financial assistance to reserve and active duty military service members and their families, is partnering with NexBank as it provides sponsorship support for the group to raise awareness and funds at the third annual “Stars & Stripes Dinner.”

New York Times best-selling author and Dallas-native, Donovan Campbell, is the event’s keynote speaker. Donovan, a graduate of Cistercian High School and a former Marine Captain, wrote his personal memoir, Joker One: A Marine Platoon’s Story of Courage, Leadership, and Brotherhood, following his experience as a Marine commander in charge of a forty-man infantry platoon called Joker One. After graduating from Princeton, Campbell was motivated by his own patriotism and commitment to join the service, realizing that becoming a Marine officer would allow him to give back to his country, engage in the world and learn to lead.

“NexBank is a strong and active partner in our community and we as a company remain focused on the many pressing areas in need of our support. ReserveAid does an incredible job on behalf of all of us as citizens, taking responsibility to find solutions that focus on stepping in to help some of the bravest people in our country,” said Davis Deadman, president and chief executive officer at NexBank. “As a company, we want to help and be there for soldiers who give selflessly to all of us as they navigate difficult times.”

“This is our 3rd year sponsoring ReserveAid and we feel compelled to help support their efforts to provide needed services for many soldiers,” said Deadman. “It’s our great honor to even be considered a part of this whole effort.”

This third annual “Stars & Stripes Dinner” will be held on Saturday, February 20, 2010 at 6:30 p.m. at the Frontiers of Flight Museum in Dallas, and ReserveAid board members Chris and Kari Mawn will serve as event co-chairmen. Other key sponsors include Highland Capital Management, L.P., 7-Eleven, Hayman Capital, L-3 Communications, Credit-Suisse, Equity Appreciation Partners Southwest, Epocal, Inc., Haynes & Boone, LLP, Investment Technology Group, Knight Capital Group, Lackey Hershman, LLP, Lockheed-Martin, Raytheon, Simons Petroleum, Strasburger & Price, LLP, Wells Fargo, and Vought Aircraft.

“Since its beginning in October 2006, ReserveAid has already helped over 1150 families impacted by the Global War on Terror with over $2.7mm in grants distributed so far,” said Chris Mawn, an Executive at Highland Capital Management in Dallas and member of the Board of Directors for ReserveAid. “A lot of these grants address basic needs, such as food, clothing, shelter and transportation, making them vital and so important for our service men and women.”

ReserveAid Texas targets gaps in financial support that are not always met when reservists are called to duty. This includes reservists getting activated and their military pay is a fraction of their civilian pay, families whose civilian pay gets cut off and then there is a problem with their military pay starting (amount is wrong, first payment gets delayed, etc.), and veterans who have been injured and are navigating the VA benefits process. 

Currently, the law requires that only those called on active duty receive unpaid leave.  While Reserve Service Members retain long-term job security, many make significantly less than they would in their civilian lives. Accordingly, nearly 41 percent of Reserve Service Members are impacted by a pay discrepancy between their military and civilian salaries. These financial sacrifices are compounded for the 56 percent of Reserve Service Members that are married, most reporting a loss of income as a result of being called to active duty. ReserveAid Texas works to make sure our brave men and women are not penalized for doing so and their quality of life does not suffer as a result of their commitment to the United States.

“Our reserve members, while dedicated to our country and call to duty, are many times uprooted at a moment’s notice and there can be lapses in pay or help needed to make payments when salaries many times decrease with deployment,” said Deadman. “With the support of a great organization like ReserveAid Texas, these service men and women can focus their efforts on defending our great country, and not on their financial situations back home.”