NexBank Capital is a highly ranked financial institution that provides a broad range of services, including institutional, mortgage services, and commercial banking. This organization acquired its charter nearly nine decades ago. Executive James Dondero sits on the management committee of this institution. NexBank also pioneers in the provision of customized services for its various clients, including corporations, financial institutions, and institutional clients.
NexBank Capital acquires a $24 million round of funding
In 2016, this company announced that it had successfully raised about $24 million worth of investment capital. The aim of raising this money was to enable the company to increase proceeds to fund its general corporate needs. Upon completion of the transaction, John Holt, the boss of NexBank Capital Inc., thanked its shareholders on behalf of the company for their contribution and support. He also promised the capital raised would be used to grow the business to greater heights. Before raising this money, NexBank had made public its net income and its return on average (ROAE), which was $38.1 million and 37.6 percent respectively.
This company also reported that its total deposits had increased to $2.6 billion while its total assets had reached $3.5 billion. NexBank Capital subsidiary, NexBank SSB, had announced that its gross loans had risen to about $2.5 million, which is approximately 72 percent of the company’s total assets. NexBank SSB is one of the best-performing branches. According to Matt Siekielski, the COO of the bank, NexBank Capital is an organization that has over the years experienced stability despite economic downturns.
He also added that the firm is positioned to increase its revenue with this round of funding tremendously. In 2016, NexBank Capital Inc. together with its subsidiary, NexBank SSB, received outstanding ratings from Kroll Bond Rating Agency. NexBank Capital’s senior unsecured debt rating rose from BBB- to BBB. NexBank SSB, on the other hand, received a debt rating of BBB+. Additionally, this firm works with a team of more than 200 experienced professionals.