Bank services are essential to every individual and institution. A bank with favorable products which has fewer bottlenecks it’s always the best option. In the US Nexbank is one of the banks which have been rated as superior due to its favorable banking services, interest rates, and low risks loans. Founded and established in 1922 by James Dondero who is also the president of the Highland Capital Management, it is presided by John Holt who is also the CEO.
The 3 billion regional bank positives factors that have led to its ranking include; the liquidity, assets quality and earnings. Its liquidity rate and purchased liabilities are within the margin and much better at 20.91% and 23.97 % respectively with a 55 billion net income.
Situated in Dallas Texas, there are various points that are considered to shield it from financial deterioration possibilities. This is due to its favorable projected interest margin, continuing assets growth and adequate capital for operation for the next one year. This has kept the bank on the safe side of the financial and economic market with an approximate of 13 billion net profit in its previous financial year. This has enabled the bank to establish adequate loss reserves and provide dividends to its shareholders.
Serving both institutions and individual clients Next Bank services range from commercial, mortgage, and institutional banking. It aims at creating simple, honest innovations and ideas that are relevant to the financial services industry. It also offers businesses with financial and transaction advisory and online banking. Other services include brand and innovation practice and facilitation, training and workshops, startup coaching and advisory, Social development and public institution liaison, brokerage services among others.
Competitive individuals have added to its exemplary performance with the recent appointment of Ms. Pirrelo to preside the Mortgage Bankers Association. This has made it stand out compared to its other peer banks. As a philanthropic factor, it donates to Dallas police fund and also partnered with Habitat for Humanity International a non-governmental organization to help the affected community and police officers wounded.