Nexbank has recently announced its successful completion of a private placement of its subordinate rate notes for fifty-four million dollars. These notes are reported to have five years of non-callability and a maturity that is dated to be in September 2027. The notes are of a BBB rate according to the Kroll LIBOR Bond Rating Agency. The notes are, however, not to be sold or offered in the United States as they are not registered by the Securities Act of the United States.
The transaction was completed on September 19th, 2017 under the brokerage of the Sandler O’Neill and Partners Establishment. The fifty-four million dollars will be utilized for general corporate purposes. With the closing of this deal, Nexbank is now reported to have raised more than two hundred and eighty-three million dollars in debt and equity in just one year.
Nexbank Inc. is a company that provides financial and banking services. The company serves a variety of clients including individuals, institutions, and corporations from all Texas and beyond. Nexbank launched in 1992 under the name Heritage Bank SSB which was changed to Nexbank in 2005 August. It operates under the Nexbank Capital Inc. NexBank has its headquarters in Dallas, Texas.
Services at Nexbank
Commercial banking services
These services include treasury management, business and real estate lending, credit offerings and agency management. Nexbank also provides its clients will access to checking accounts savings accounts and even internet banking as well as mobile banking services.
Mortgage banking services
These include warehouse and wholesale lending. There are also correspondent lending services all which one can have access to by just registering to become a client of Nexbank. They also offer commercial lending services like business loans.
These are advisory services in different areas like real estate, investment banking opportunities, provision of public funds and treasury management as well. Nexbank also corporate finance services, institutional banking services, mergers, and acquisitions advisory among other customized programs
Nexbank is led by a team of expert and experienced executives. The positions of Chairman, President, and Chief Executive Officer are held by one Mr. John L. Holt.