NexBank

NexBank is a financial service company based out of Dallas, Texas. NexBank offers mortgage, commercial, and many other types of banking services. They provide their customers with customized services to fit their needs. They want to make sure they give their customers the best service they can. They take each customers needs and work with each individually. NexBank knows that treating their customers right is important.

NexBank Capital recently announced that they had completed a deal of over $50 million to certain investors. They are looking to use the money they made for purchases within the company. NexBank has gotten over $200 million in debt and equity thanks to this deal. It will not reach full maturity until September of 2027. The only agent for the private deal was Sandler O’Neill and Partners, L.P. The offer officially closed in September of 2017. The deal is not registered under the Securities Act so it can not be sold in the United States.

According to recouncil.com, the deal that NexBank has made is non-callable for five years. It has a fixed interest rate of a little over six percent. After five years the interest rate drops from being fixed rate to a floating rate. These notes have been a big step in making NexBank so successful. NexBank is very careful about who they make deals with because they want to make sure they take smart steps at keeping themselves successful.

NexBank has been operating since the early 1930’s. NexBank is FDIC insured. NexBank works hard to make sure they do what is best for their customers. They want to gain more customers so they make sure they always provide their customers with top notch service. NexBank has earned a great reputation in the time they have been open, and are trying to continue to make their name larger as years go on.

Ref: https://www.slideshare.net/jrotter/nexbank-capital-inc-quarterly-profile-june-2017

 

Leave a Reply

Your email address will not be published. Required fields are marked *