NexBank Capitol Inc, 3 billion dollar community bank in Dallas, Texas, has received some very positive press over the last year, which contributes to its growing business model. Back in 2016, the bank headquarters in Dallas announced that the bank had successfully completed a $24 million common equity capital raise in the month June 2016. For six months prior to that completion, the bank had been experiencing growth in two key areas. They reported a year-over-year increase of 61% in the area of total assets, and 49% with regards to total deposits.
Because of these strong capital levels, as well as the bank’s liquidity profile and earnings, the bank received upgraded ratings on several levels, from organizations such as the Kroll Bond Rating Agency. Another major success that the bank saw in 2016 was the rise of Mary Pirrello, who was acting as Senior Vice President of National Warehouse Lending at NexBank, to the role of President of the Texas Mortgage Bankers Association. Pirrello brings a lot of experience to this new role. She has over 20 years of experience in banking, including several leadership roles.
NexBank is a member FDIC, and is the 200th largest bank in the nation. It is also the 13th largest bank in Texas, and has been growing impressively since it was founded in 1934. The bank has approximately 86 employees at 4 different locations across the state of Texas. NexBank reports 5.3 billion in assets as of March 2017. NexBank SSB, a part of NexBank Capitol Inc, has a charter that goes back to 1922.
The bank’s headquarters are in Dallas, on McKinney Avenue. There is a second branch location in the Preston Center, on Luther Lane, and their Wholesale Mortgage Operations and Retail Mortgage Operations are also housed on McKinney Avenue.