NexBank is a subsidiary of the NexBank Capital, Inc and is a company that offers a broad range of financial services to its clients based across the country through its three core businesses which include investment banking, commercial banking, and mortgage banking. The company has a number of large firms, mid-sized businesses and also many real estate investors. NexBank was originally established in 1922. In 2004, a group of investors bought the company and rebranded is as a commercial specialty bank offering financial products and services to its varied group of clients. The company has its headquarter at NexBank Building, Galleria II Tower in Dallas.
Being a bank, most people think that NexBank is only about profits. But the truth is that NexBank has spent millions on charity events for years. After the sniper attack in Dallas last year, where many police officers were wounded and killed, NexBank donated $25,000 to the Assist the Officer Foundation run by the Dallas Police Association. The foundation assists the families of the killed and the wounded officers. Also, NexBank supports many others charities that benefit immensely from their donations. NexBank also takes part in many community events, including the Dallas White Rock Marathon of which they are the primary sponsors. The company also makes an annual donation to the Texas Scottish Rite Hospital for Children.
In 2015, NexBank acquired College Savings Bank of New Jersey, but it was allowed to run with its old name, while the current operations were run as a subsidiary of NexBank. The company had raised a $24 million common equity capital in 2016 that went towards its various corporate requirements and for further growth opportunities that the company wants to explore. As of March 31, 2017, NexBank has a total asset of $5.3 billion. The company hires only the top executives in the industry to allow them to serve their clients with high-quality service.