NexBank

NexBank
FormerlyTerrell Federal Savings and Loan Association; Heritage Savings Bank; Heritage Bank
Company type
Private
IndustryFinancial services
Founded1922; 104 years ago (1922)
Headquarters
Dallas, Texas
,
United States
Area served
Texas
Key people
Matt Siekelski, President & CEO
James Dondero, Founder and Chairman
ServicesBanking services
Total assets$13.9 billion (2024)
Websitewww.nexbank.com

Nexbank is an American regional bank that is headquartered in Dallas, Texas. It is state-chartered and overseen by the Federal Deposit Insurance Corporation (FDIC).[1] The bank provides financial services in institutional banking, commercial banking, and mortgage banking and is based in Texas, where it has three branches.[2]

Its parent is financial services company NexBank Capital, Inc.[3] As of 2022, NexBank had assets of almost $14 billon and was "the largest privately held bank in Texas."[4]

History

The bank was founded in 1922 as Terrell Federal Savings and Loan Association, a community bank located in Terrell, Texas, and became a mutual savings bank in 1999, when it changed its name to Heritage Savings Bank, SSB.[5]

It became a stock savings bank in 2002 and shortened its name to Heritage Bank, SSB. The bank moved to Dallas in 2004, after it was acquired by partners in Highland Capital, and changed its name to NexBank, SSB, in 2005.[5][6] It acquired Princeton Savings Bank in Princeton, New Jersey, in 2015 and changed to a commercial bank in 2020, when it changed its name to NexBank.[5]

References

  1. ^ "NexBank", Basic Info, US Bank Locations. Retrieved November 30, 2022.
  2. ^ "NexBank Locations", US Bank Locations. Retrieved November 30, 2022.
  3. ^ "NexBank Capital, Inc. Announces CEO Leadership Change", Cission PR Newswire, November 11, 2022.
  4. ^ "About NexBank", nexbank.com. Retrieved November 30, 2022.
  5. ^ a b c "NexBank", History, US Bank Locations. Retrieved November 30, 2022.
  6. ^ Christine Perez (August 28, 2005), "Banking on a new name, more space", Dallas Business Journal.

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