NexBank is a Dallas-based financial services firm. It ranks as the 161st largest bank in the world, and 11th largest bank in Texas. Since its inception in 1934, NexBank has experienced immense growth. It currently has three branches and 87 employees. NexBank has an A health rating and a 3X money market rating. Meanwhile, the Dallas-based bank has announced that it has successfully placed its fixed-to-floating rate to high-net-worth investors and institutions. NexBank will use the proceeds for corporate purposes. Since 2016, NexBank has raised $282 million worth of equity and debt.
Its notes will mature after five years on September 30, 2017, and are non-callable. For the first five years, the notes will bear a fixed interest rate, and after that, a floating rate based on the economic status will apply. Kroll Bond Rating Agency has assigned NexBank’s notes an average grade rating of BBB-. Under applicable capital regulations, these notes qualify as Tier 2 capital. The sole placement for these notes was Sandler O’Neil & Partner. NexBank closed the offering on September 19, 2017. These notes may not be offered in the U.S., as they are not registered under the Securities Act.
NexBank uses three core businesses to serve its clients. The firm provides customized mortgage banking, commercial banking, and institutional services. Its primary role is to finance corporations, high-net-worth individuals, and institutional clients. At every opportunity, NexBank works tirelessly to deliver exceptional value to its clients. Through its highly experienced financial advisors who have a proven track record of success, NexBank strives to provide its clients with unrivaled access to custom-tailored financial solutions.
NexBank serves institutions and individuals nationwide to help them expand their revenue potential, increase their productivity, and gain greater visibility into their finances. It strives to provide tailored financial solutions to help investors meet their needs as they grow. NexBank also provides customized depository services to help Public Fund depositors meet their financial requirements. NexBank works closely with its clients to understand their goals and develop strategies to help achieve their objectives. NexBank prioritizes value addition by increasing efficiency, improving customer experience, and minimizing the cost of operation.