Dallas Bank Nexbank Raises Funding

A Financial services company based in Dallas, NexBank has successfully placed fixed to variable rate notes worth a total of $54 million to investors. NexBank Capital Inc intends to use the funds for general business operations, and since 2016 has raised $283 million of equity.

 

The five-year non-callable notes are set to mature on September 30, 2027, while bearing a fixed interest rate of 6.375% and after the five year period will have a floating rate based on a three month 458 point LIBOR. The notes have been graded BBB- by the rating agency Kroll Bond and qualify as tier two capital. The only placement agent for the offering which ended on September 9, 2017, was Sandler O’Neill & Partners L.P.

 

NexBank Capital, Inc is a commercial and mortgage banking company with $8.4 billion in assets as of December 2017 which serves corporations, individuals, and Institutions across the nation. NexBank offers Real estate advisory, Treasury Management, investment banking, mortgages, checking accounts, High yield money market accounts, savings accounts, commercial loans, certificates of deposit, merger and acquisition advisory, recapitalization and restructuring, and operations advisory.

 

The executive team includes John Holt, president, and Chief Executive Officer, Matt Siekielski, Chief Operating Officer, Dierk Hohman, General Counsel, Craig Campbell, Senior Managing Director, Stacy Hodges, Chief Financial Officer, and Rhett Miller, Chief Credit Officer. NexBank is led by the chairman James Dondero who co-founded and is the president of Highland Capital Management LP. CEO John Holt is an accomplished executive with significant experience across a huge range of commercial, corporate and funding banking activities. steady record of advanced revenue generation as a high impact player centered on leading executive management teams. incredibly adaptable with proven success under unique market conditions, specific organizational structures and throughout various customer profiles and industries. Adept at developing and executing advertising and marketing, economic and strategic business plans.

NexBank was founded in 1922 and currently has 88 employees and is a member of the FDIC