NexBank is an American community bank. It is based in Dallas, Texas. NexBank offers a range of services such as mortgage banking, commercial banking, and institutional services. The bank works mostly with clients that are owners of the business as well as with other financial institutions. NexBank is committed to providing services of the highest quality to large enterprises, companies of the middle – market as well as investors of the business of real estate.
The bank, based in Dallas, was founded by Mr James Dondero in the early months of 1922. The primary services that NexBank offers are investment banking and online banking. Investment banking assists businesses and provides advisory services in terms of a transaction and other finance. Online banking is an excellent service to take advantage of because it is widely versatile for both short – term and long–term capital. It also allows for enhancement of the financial strategy of the business.
Mr James Dondero is the collaborative founder and President of NexBank. He is also the co-founder of Highland Capital Management, L. P. which is among the largest managers of CLO in the Unites States of America. Mr James Dondero is also at the positions of Chief Executive Officer and Chairman of the Board at HCM Acquisition Company. Mr James Dondero has more than three decades of experience in his line of work – credit markets.
Mr James Dondero completed his education at the University of Virginia from which he graduated with a Bachelor’s degree in Commerce. He has also received his financial training from the economic program by JP Morgan. Mr James Dondero has occupied many positions at renowned companies such as the giant American Express. He accumulated a revenue of more than one billion for the company through his excellent leadership skills and analytical thinking which are of vital importance in his line of work.
NexBank Capital Incorporation is a financial services company based in Dallas. It recently announced that private placement of its senior notes is successfully completed. The firm reopened the initial offering and then raised eighty million dollars more that brought the issuance to one-hundred-and-fifty million dollars. The interest of notes for five years is more than five percent, and then it will be based on the floating rate. Kroll Bond Rating Agency has assigned the BBB rating of investment grade. NexBank plans to use it for general corporate measures and repay selected indebtedness. The private offering of the notes was placed by Sandler O’Neill & Partners, L.P.
Chief Executive Officer and President of NexBank Capital Incorporation John Hold said that investors are showing confidence in NexBank and the proof is the oversubscribed placement. Additional funds have allowed the firm to fortify its balance sheet, and it will allow the firm to increase earnings and grow further. NexBank’s stability, selective approach, and financial strength has a good track record. The Kroll Bond Rating Agency validated the NexBank’s financial performance and credit quality by providing BBB rating.
Chief Operating Officer and Executive Vice President of NexBank Capital Incorporation Matt Siekielski said that it is another accomplishment of the firm which is attracting capital from a wide range of institutional investors. During the last twelve months, the firm has raised debt and equity of more than two-hundred million dollars. The funds will help in the organic growth of core businesses and provide capital in the future.
The services of NexBank can be divided into mainly three categories: commercial banking, mortgage banking, and institutional services. The commercial banking includes commercial lending, commercial real estate lending, financial institutions, credit services, agency services, and treasury management. Mortgage banking includes warehouse lending, wholesale & correspondent lending, and becoming a client. Institutional services include financial institutions, treasury management, investment banking, real estate advisory, and public funds.
NexBank’s seasoned professionals are devoted to providing clients with the guidance required during the entire funding process. The firm partners with investors, owners, and real estate developers throughout all stages of the real estate project.