NexBank, a Dallas based financial services institution made public that it has just completed a 54 million dollar fixed to floating rate subordinated notes
to a placement for it’s high net worth investors.Proceeds of the offering will be used for corporate purposes. 283 million of debt and equity has been accrued by NexBank since 2016.
According to banktracker, these private notes have a maturity date of 2027 with a BBB investment grade rating, fixed 6.375% interest rate fore 5 years and non callable for that same time. The notes are not Not registered under the Securities act and cannot be sold in the US prior to meeting appropriate registration requirements. As a financial services institution NexBank serves clients and consumers using Mortgage Banking, Commercial Banking, and Institutional Services and can customize Banking and Financing to suit the need of nation wide corporations, other banking institutions and institutional clients.
Located at 2515 Mckinney Ave, Suite 1100 Dallas, Texas NexBank SSB is a member of the FDIC and provides and delivers tailor made services for it’s client institutions. NexBank also helps to connect clients with broader possibilities. Along with being the largest bank in Texas NexBank also holds the moniker of also being the biggest bank in the nation. As of September 2018 NexBank has been in business 94 years With a B rating Nexbank and a average interest income of 152 billion dollars it has money market rates are 4X the national rates.
Nexbank has a total of four different client accounts available, shares bizjournals.com. The Savings account with 15% APY, with no minimum. The Checking account with 1.25% APY with no minimum. The CD account with one and two month APY interest starting at 10% on 10K minumum on up thru 12 month at 2.70% on 10K. Then last but not least a Money Market account with a 1.80% APY at 100k minimum.
NexBank Capital also has an impressive website. There page header is Execution, Flexibility and Execution, this is your online port where you can carry out all the aforementioned services. There are also links to learn more about NexBank, personal banking, investor relations, online banking, certificate of deposits (CD) and all contact info.