Nexbank SSB is a member of the FDIC. It is located in Dallas, Texas and has $5.3 billion in assets. Nexbank provides commercial banking, mortgage banking and institutional services. It services large corporations, real estate investors and middle-market companies. In April of 2017 Nexbank announced that their CEO and president John Holt was re-elected to the Texas Bankers Association’s Board of Directors. He was also selected for the Chairman of the Community Bankers Council and serves on the Executive Committee, Audit and Finance Committee, and Investment Committee for Nexbank.
Nexbank was ranked nationally as #2 out of 25 residential real estate lenders in June of 2016 by Bank Director Magazine. It was also recognized nationally as the fifth top performing bank in April of 2016 by ICBA Independent Banker Magazine. Rankings were based on return on assets and return on equity among banks with more than $1 billion in assets. Nexbank has been a strong leader in the banking industry since one of their charter banks were founded in 1922. Recently College Savings Bank of Princeton in New Jersey was acquired by Nexbank. College Savings Bank was established in 1987 and specializes in 529-plan college savings programs. They still operate under their existing name but as a division of NexBank. This acquisition allows Nexbank to better serve their customers who are seeking advise for college savings programs.