John Holt, the President and CEO of NexBank, a Dallas based bank, recently participated in a panel at the Texas Bankers Association 5th Annual Strategic Opportunities and M&A Conference in New Orleans, LA. At the conference, Holt spoke of the importance of community banking and how smaller lending institutions can compete with larger ones with innovative solutions to banking problems. Holt is well integrated into the Texas banking community, as he serves on the board of directors of the Texas Banking Association. This local focus gives his bank credibility in the large Texas business community.
NexBank offers three core services: commercial banking, mortgage banking, and institutional services. Being a smaller institution allows NexBank to offer more customizable and specialized solutions to its clients. Having this capability separates NexBank from its larger competitors who are too large to customize their offerings. The company focuses mostly on institutions as its clients, but it does offer products for individuals, including personal banking, mortgages, and certificates of deposit. the rates it offers on certificates of deposit are competitive relative to the larger, national banks.
NexBank’s institutional services are broad in scope. They include investment banking, real-estate advisory, treasury management, and additional offerings to help a large business seamlessly fund its operations. These services include lines of credit, holding company loans, and debt refinancing.