A Leading Financial Services Provider Acquires College Savings Bank

Nexbank had an interest in operating and managing College Savings Bank. In December 2015, the Dallas-based financial service company announced that it had acquired College Savings Bank located in Princeton, New Jersey. Since its inception in 1987, College Savings Bank focuses on college savings and ensures that their clients’ money is safe and available whenever needed. According to Nexbank Capital’s CEO, John Holt, acquired bank will retain its brand, operations, and name even after the acquisition.

 

Nexbank Capital, Inc. is one of the largest banks in the state of Texas. Founded in 1938, it has experienced growth and expansion over the years with 89 employees today. Nexbank Capital specializes in commercial banking, investment banking, and mortgage banking services. It has provided exceptional banking and financial services to individuals, corporations, and institutions across the world.

 

Nexbank Leadership

 

Nexbank Capital’s management and leadership comprise of well-skilled and qualified professionals working tirelessly to build its brand to a new, global level. John Holt leads Nexbank Capital as the CEO and President, and Matt Siekielski is the chief operating officer while Graig Korbuly is the chief financial officer. They partner with other junior officers to provide personalized services to help clients meet specific personal and professional financial needs.

 

Nextbank reports impressive financial returns in 2015

 

Early in 2015, Nexbank reported high returns on assets, equity, liabilities, income, expenses, and cash flow for the fourth quarter of 2015. The company’s assets grew by 48% totaling to $2.72 billion from the previous year. Their loans accumulated to $1.97 billion recording an increment of 42% in 2015. Furthermore, Nexbank’s deposits accumulated to 1.88 billion. In 2016, Nexbank Capital’s focus is to retain and recruit more institutional clients as well as expand its addressable market in the United States.