Recently, NexBank SSB, a Dallas-based bank, announced that it had purchased College Savings Bank, which is located in Princeton, New Jersey. According to NexBank, the acquired bank zeroes in on 529 plan college-savings programs. The terms of the transaction have not been released.
NexBank Capital Inc’s CEO, John Holt, noted that College Savings Bank would maintain its brand, name and present operations as a unit of NexBank. In a news release, NexBank pointed out that since its establishment in 1987, College Savings Bank has focused on college savings. The bank is a program manager for Arizona Family College Savings Program-Bank Plan and the Indiana CollegeChoice CD 529 Savings Plan.
NexBank SSB’s parent company is NexBank Capital Inc., a multiple financial services corporation that serves clients around the country. The corporation has been able to have a large client base because of its core businesses that include investment banking, commercial banking, and mortgage banking. This information was originally mentioned on Biz Journals.
NexBank is a Dallas based financial institution that offers customized financial and banking services. Its premier customers are institutional clients, financial institutions, individuals, and corporations across the nation. Its core businesses are centered on the areas of mortgage banking, commercial banking, and investment banking. In commercial banking, NexBank offers several services, including commercial lending, real estate lending, banking services, agency services, credit services, and treasury management. In mortgage banking, NexBank provides warehouse lending as well as wholesale and correspondent lending.
NexBank has been providing its clients with innovative services. They include operations advisory, mergers and acquisitions advice and industry coverage. The others are corporate finance, real estate advisory as well as recapitalization and structuring services. The firm’s mission is to deliver exceptional value at each opportunity through industry leadership and commitment to its customers. NexBank provides its clients with custom-tailored solutions. The company has recruited the services of experts who design and deliver such solutions to the clients. The institution offers valuable banking services that meet the clients’ multifaceted needs.