Dallas Based Banks That You Can Trust

 

Established in 1934, NexBank Capital, Inc., is headquartered in Dallas, TX, and is the 10th largest bank in the state of Texas. Reported of March 2019, it has grown to 84 employees and currently has 3 different locations. NexBank Capital, Inc. is a financial services company, and they have announced its conclusion of the private placement of senior unsecured notes. NexBank Capital, Inc. has reestablished their first offering and has raised $80 million in addition, was the total issuance has been brought to $155 million.

Their notes have a maturity date of March 16, 2026, and collectible on March 15, 2021. These notes have an interest and a fixed rate of 5.50% allowing five years, beyond that time period its floating rate will be dependent on a spread above the 3 month LIBOR of 435.5 points. NexBank senior unsecured notes received a BBB rating from the Kroll Bond Rating Agency. Sandler O’Neill Partners LP is the sole placement agent.

This is an important accomplishment by NexBank. They are continuing to bring in accredited capital from a wide range of investors. That is the core of their business strategy. NexBank has been recognized for focusing on a quality, timely and reliable execution. Their seasoned staff and professionals represent real quality and are committed to their clients to help them through the funding process that they need.

NexBank Partners with investors throughout every stage are their real estate goals. They also provide variety-specific financing for development acquisition and refinancing. NexBank is a trusted partner to institutions throughout the country by helping to provide growth, higher earnings and improving efficiencies to expand their market.

This financial institution Credit Service offers opportunities for diversification of their portfolio with reasonable yields that are attractive for community banks. third party access is provided for floating rate, near investment-grade, corporate credit and investment-grade. Read This Article to learn more.

Next Bank is the bank institutions turn to for servicing syndicated debt and traditional distressed debt. An administrative agent is provided for both specialized servicing and collateral trustee services.

 

Additional reference: https://www.dallasfed.org/~/media/Documents/banking/nic/fry-6/3823844-20151231.pdf