Nexbank is a bank located in Dallas, Texas. The bank has 51 to 200 workers. They were founded in 1922. The founder of Nexbank is James Dondero. Nexbank has currently three branches in Dallas, Texas. The bank aid applicants in matters of commercial banking, mortgage banking, and institutional services.
In 2015, Nexbank bought another bank called College Savings Bank of Princeton, New Jersey. The College Savings Bank of Princeton, New Jersey handles college savings plans and it is now a division of Nexbank. The college savings bank will be able to reserve its name.
In August 2016, Nexbank divulged that they achieved a 24 million dollar common equity capital raise. The first half of that year, Nexbank disclosed that they had revenue of 38.1 million dollars. Other revenue had transcended to 3.5 billion dollars. By the completion of the second quarter, they had gross loans of 2.5 billion.
In September 2016, a tragic thing happened in Dallas, Texas. Some police officers were attacked by a sniper. In acknowlegement to the tragedy, Nexbank contribued to the families in need.
Earlier last year, there was some movement at Nexbank. Mary Pirrello was the Senior Vice President of National Warehouse Lending. She became President of the Texas Mortgage Bankers Association. Ms. Pirrello is serving a year term as president. She managed the business development of the warehouse lending divsion during her time at Nexbank. She has been part of Texas Mortgage Bankers Association as a member since 2007.