Partnership and Acquisitions

NexBank is a financial firm that delivers mortgage banking, commercial banking, and institutional services. It majorly offers its services to organizations, clients and other financial firms as well as real estate investors, large corporations and middle-market companies. The firm is committed to its clients and strives to provide a different value at each opportunity. It provides access to custom-tailored and sophisticated solutions to its clients and through experienced experts.

By June 30, this year, the firm has $8.0 billion assets, and it offers individual checking accounts, mobile banking, savings, and accounts treasury management as well as mobile banking and commercial lending. It serves individuals, companies, and institutions around Texas. It was previously known as Heritage bank before changing to NexBank in the year 2005. The firm was established in the year 1922, and the main offices are in Dallas, Texas.

NexBank Partnership with Dallas Neighborhood Homes

The Dallas Neighborhood homes, which is a nonprofit mortgage service provider that is currently working in partnership with the area Habitat for Humanity recently announced that it would provide affordable housing programs to the community in south Dallas. The objective is to provide more than 100 loans yearly for the next 5 years for low-income earners in various zip codes in the area.

To expand the program, NexBank which is a Dallas-based regional financial firm will be providing loans to support the project for the next five years. Dallas Neighborhood Homes will be using the proceeds to provide loans to potential homebuyers who are not in the position to get mortgages. The company will also offer free training and counseling to prepare individuals for their home ownership through the Area Habitat for Humanity. Apart from the loans, NexBank will help pay little fees for all closings completed via its affiliate.

NexBank Acquisitions

The financial institution recently announced that it purchased College Savings Bank, which majors in more than 500 college savings plans. College Savings Bank institutions will retain its name, branding and also maintain its current operations as a branch of NexBank. The Chief Executive Officer of the firm said that the deal was a winning transaction for both organizations and an important move in the entire funding strategy. The purchase will allow the company to serve the diverse needs of all clients and help them save for college.

Leave a Reply

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