Donates Funds To The Officer Foundation

On Thursday night, a sniper attack in Downtown Dallas left several Dallas police officers dead and others wounded. Banks and employees in Texas have come together to support the families of those who were killed or wounded. These individuals have donated to the Assist Officer Foundation, an organization run by the Dallas Police Association. In case of death or injury of a police officer, the entity offers immediate financial assistance to the families of such officers. NexBank was among the financial institutions that contributed funds in support of the affected families. The bank’s president and CEO, John Colt, applauded the citizens and companies that joined forces to support the victims. He went on to assert that even though the funds may not eliminate the harm caused, they lessen the pain of victims.

About NexBank Capital

NexBank Capital, Inc. is a Dallas-based company that offers financial services through three major avenues, which are mortgage banking, investment banking and commercial banking. Over the years, the company has been providing customized services to institutional clients, corporations and financial institutions across the world. In August 2016, NexBank announced the completion of $24 million in common equity capital. John Colt said that the raised funds would be used to enhance the company’s growth and development opportunities. He also thanked their shareholders for their continued support. NexBank had a net income of $38.1 million and ROAE of 37.6 percent in the first half of 2016. The total assets amounted to more than $3.5 billion and total deposits stood $2.6 billion at the end of June. This impressive performance marked an increase of 61 percent and 49 percent respectively.

By June, NexBank SSB, a regional bank and a member of the FDIC, had total gross loans of $2.5 billion, which made 72 percent of the bank’s total assets. NexBank Capital, Inc. and NexBank SSB’s strong capital levels, earnings and liquidity profiles have earned them good ratings from Kroll Bond Rating Agency. The senior unsecured debt of NexBank was upgraded from BBB- to BBB while NexBank SSB received a rating of BBB+ on deposit and senior unsecured debt. The executive VP and chief operating officer of Nexbank Capital, Inc, Matt Siekielski said that the raised capital would enable the company to expand its operations.

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