Posts in Category: Banking System

Giving the Community a Better Banking System Through

Banks have been in existence since time immemorial. They’re the go-to places if you want to keep your money safe. The banks in existence all around the world are too many to count. A bank like NexBank is one of those banks. NexBank provides financial and banking services to financial institutions, corporations, and other institutions.

History of NexBank

NexBank was founded in 1934. Its original name was Terrell Federal Savings and Loan Association. In 1999, the bank later changed its name to Heritage Savings Bank. In the same year, they took interest in mutual saving and that became the core purpose of the company. Later in 2002, they changed to Stock Savings and changed the name to Heritage Bank, SSB. In 2005, they changed the bank’s name to NexBank, SSB. They acquired a College Savings Bank in 2015.

NexBank Functionality

NexBank has about 51-200 employees. Its CEO John Holt is in the Texas Bankers Association’s Board of Directors. Mr. Holt also holds a position as the chairman of the Community Bankers Council and serves on three board committees. They include; the Investment Committee, Audit and Finance Committee, and lastly, the Executive Committee.

NexBank has risen above its competitors, by being ranked among the best performing community banks in the S&P Global Market Intelligence. It scored the 5th position in the pre-tax ROE and the 10th best overall.

The bank has made plans to partner with Dallas Neighborhood Homes to expand home ownership in an affordable way in Dallas. Their aim is to be known as the best wholesale lender.

Final Note

NexBank is a bank for any individual since they try to meet customers needs depending on their financial position. They promise to give the best of their services and ensure the best in the evolving banking industry