Nexbank was originally called Terrell Federal Savings and Loan Association and had its offices in Terrell Texas. In 1999 it was renamed Heritage Bank and moved its offices to Dallas, Texas. It kept that name till 2005 when it was given its current name Nexbank.
In 2016 the bank raised $24million to use in daily operations of the bank. By June 2016 they had made profits of up to $38 million, and their assets had grown to over 3.5 billion dollars, a 50% growth. By the end of the first quarter 2017, Nexbank had assets were valued at $5.3 billion. Since the year 2014, the bank has consistently reported profits in its yearly earnings.
Current CEO and President John Holt was appointed in the year 2011. He had formerly been the CEO and Director of Sonar6 an online employee performance management company. In the time John Holt has been with Nexbank, it has grown and made acquisitions such as the College Savings Bank of Princeton-based in New Jersey.
The bank has also received a number of awards. It was ranked #1 By the Bank Director Growth Leaders in 2014, It was one of the top performing banks (ranked 5th) in the ICBA Independent Banker Magazine top performing banks and was voted top performing US community bank in the S&P Global Market Intelligence awards. Nexbank is involved in charity work. They have donated money to the Assist the Officer Fund, sponsor the Reserve Aid and partners with Habitat for Humanity International
Nexbank is a community bank in based in Dallas, Texas. It employs 51 to 100 people. The bank was founded in 1922 and has been growing for almost 100 years. It provides its clients with banking services, mortgages and institutional banking services. In this way, Nexbank provides its clients estate management services, investment plans to suit the client’s needs and purposes.