In September of 2017, NexBank announced that they had completed the placement of the fixed-to-floating subordinated notes to high net worth investors. This placement was for 54 million dollars. The bank plans to use the proceeds that they get from this placement for various corporate purposes. NexBank Capital Inc. has now raised 283 million dollars of debt and equity since the year 2016, with this closing. These notes are stated to mature on September 30th of 2027, and they are not callable for five years. The investment-grade rating that has been assigned to the notes is BBB. The primary placement agent for the notes was Sandler O’Neill $ Partners L.P. The closing of the offering was on September 19, 2017. These notes may not be provided or sold in the U.S, and do not have a registration under the Securities Act.
NexBank is has provided Dallas Neighborhood Homes with 50 million dollars in loans to help in the expansion of their program. The Dallas Neighborhood Homes is working with Dallas Area Habitat for Humanity to provide Affordable Housing Loan Program to those families found in southern Dallas. The primary aim of the programs is offering loans for the low-income residents in particular zip codes in Dallas. The proceeds that the program gets will be used in lending to the homebuyers with low income and limited access to the mortgages. They also look to help those people to prepare for homeownership. This will be done using the financial counselling services that are offered by Dallas Area Habitat.
NexBank Capital Inc. is a financial services firm. The bank serves its clients using three core businesses: Mortgage Banking, Commercial Banking and Institutional Services. The bank has been providing customized financial and banking services mainly to the financial institutions, institutional clients, and corporations’ found all over the nation. NexBank has professionals in their leadership. The management of the institution strives at combining the industry expertise of the team. They also concentrate on serving their customers by offering leading financial services to both individual clients and the institutional customers. At the end of the year 2017, the institution was in charge of assets of up to 8.4 billion dollars.