College Savings Bank, a Division of NexBank SSB, Announces Successful Banking Conversion

DALLAS, Nov. 30, 2016 /PRNewswire/ -- College Savings Bank, a Division of NexBank SSB ("CSB"), has completed a successful core banking system and online banking system conversion. CSB serves as a program manager for FDIC-insured 529 college savings plans nationwide.

CSB migrated 115,000 accounts and 100% of their customers' account information. The purpose of the conversion was to transfer all of CSB's accounts to an industry-leading core banking system and online banking system.

With the conversion completed, CSB customers now have access to new online banking tools that will help them manage their 529 college savings plan accounts. CSB will implement more customer service enhancements in the months ahead that will contribute to CSB's commitment to customer satisfaction.

"We look forward to offering enhanced accessibility to accounts, an improved account management and online banking experience, and new, simplified products with competitive rates to make it easier for our customers to save for higher education expenses," said John Holt, President and Chief Executive Officer of NexBank Capital, Inc.  

CSB's customers will continue to receive the same protection of deposits through the FDIC. For specific information on the conversion and migration of accounts, customers can call 1-800-888-2723 or email [email protected] to contact a client service representative.

College Savings Bank was acquired by NexBank SSB in November of 2015. As part of the acquisition, College Savings Bank became a Division of NexBank SSB.

About College Savings Bank, a Division of NexBank SSB

College Savings Bank, a Division of NexBank SSB, is a program manager for FDIC-insured 529 college savings plans nationwide. Focused on college savings since 1987, College Savings Bank, a Division of NexBank SSB, provides multiple FDIC-insured CD investment options and a high-yield savings account without charging any fees. Learn more at www.collegesavings.com

NexBank SSB is a member of the FDIC.

Logo - http://photos.prnewswire.com/prnh/20130214/DA60748LOGO

SOURCE NexBank