NexBank, a leading financial services company based in Dallas announced a successful $54 private placement of its fixed-to-floating rate low notes to some of the successful high performing investors and institutions. This financial institution intended to use the profits for general purposes. Furthermore, since 2006, the bank has raised over $283 million regarding debt and equity.
The notes offered by the bank are non-registered under the Securities Act. This means that they cannot be sold or provided in the US absent registration. Additionally, as an applicable exemption from any registration requirements. NexBank Capital, Inc. is a banking organization that provides its services to clients through a three core business strategy. These include Commercial banking, Institutional Services, and Mortgage Banking. Furthermore, this institution offers banking services majorly to financial institutions, corporations, and institutional clients in the entire nation.
Located in Dallas Texas, NexBank Capital is coming in the tenth position as the largest bank in Texas State. Additionally, it ranks as the 158th largest financial institution nationwide. After its establishment in 1934, the bank has an employee capacity of eighty-nine as at September 2018 with three locations across the nation. The bank also boasts of five times the market rates compared to the national average. Additionally, it has a B health rating.
The bank managed to reach $6.4 billion worth of assets on June 30, 2017. It has been instrumental in serving the financial needs of middle-market companies, large corporations, and real estate investors. Additionally, the banking institution has an executive management team that can combine industry expertise and a strong focus on serving its customers. By doing so, they can provide excellent financial services and capabilities to individuals, institutions, and corporate customers.
During the 2016-2017 academic year, the financial institution announced a whopping 1,600 financial literacy program rate. This programs included sponsors instructor-led and digital learning programs in twelve public schools in different neighborhoods for both low and moderate income communities in Dallas free of charge. These programs have been conducted in both high school and elementary classrooms in Garland ISD and Dallas ISD. To know more about Nexbank visit yelp.com
The financial institution has also been in partnership with Technology Company known as EverFi which together have been able to provide economic classes in various classrooms. Furthermore, NexBank has designed a web-based program known as MoneyWorks that is available in Spanish and English. This program uses modern simulation and gaming technology to express complex concepts of finance in today’s digital world.