It has recently been announced by Dallas banking institution NexBank that the firm has successfully completed a private placement in the amount of $54 million. This private placement is in regard to the bank’s notes of a rate subordinated nature that are available the NexBank’s investors of high net value as well as the company’s institutional clients. The proceeds of this critical offering will be utilized for the need of corporate purposes.
This $54 million contributes to a total of more than $280 million that NexBank has generated in equity and debt since the 2016 calendar year. NexBank also states that these non-callable notes of five years have maturity that comes up on the date of the 30th of September in 2027. The placement agent for this impressive private offering of notes was handled by Sandler O’Neill & Partners, L.P. The 19th of September in 2017 was the official closing date of this exciting new offering from NexBank Capital. It will also not be possible to sell or offer these notes in the USA without the proper registration or an exemption that is applicable to the requirements of registration. The notes have not been registered within the Securities Act.
NexBank is a Dallas based operation that works in three critical areas of the banking industry. These areas are mortgage banking, commercial banking and also services that are specific to clients of an institutional nature. A major focus of the NexBank business model includes working to provide top-notch services of a customized nature to financial institutions, clients of an institutional nature and also different corporations across the United States.
NexBank was initially founded during 1922 and has amassed more than $8 billion in assets as of the date of September 30, 2018. The firm is bolstered by its outstanding executive management team that is made up of experts in the banking industry. The executive leadership team at NexBank places its top priority on providing outstanding services to clients in all areas of the bank’s operations. NexBank also takes a great deal of pride in the contribution that the company makes to its community. Helping to build a sustainable community in the Dallas region is a major point of emphasis for the team at NexBank. For more details visit the website nexbankwealth.com.