NexBank Capital Fuels Growth by Raising $10 Million in New Capital
DALLAS, Jan. 13, 2011 /PRNewswire/ -- NexBank Capital, Inc., parent company of NexBank, a North Texas leader in banking and financial services, announced today it has secured $10 million in additional capital. The offering closed on December 28, 2010. In late 2009, NexBank Capital also infused $10 million of capital into NexBank.
"We had reached a point whereby adding more new funds would allow us to continue capitalizing on opportunity while sustaining our growth trajectory," said Davis Deadman. Primarily, the company plans to use the newly acquired capital to expand NexBank's business lending operations, including its commercial property lending and mortgage platforms, while increasing its focus on lending money to companies in the Dallas and Fort Worth areas. "The bank's lending activity had a strong and significant showing in 2010," continued Deadman.
"Compounded with an economic cycle that is starting to show signs of moderate recovery, businesses are beginning to look for funding to help them grow, expand or acquire. We want to be the local bank that will lend local companies the money to meet their needs," said Deadman. NexBank maintained steady growth during 2010, due in part to the creation of its mortgage warehouse platform and the expansion of the bank's Small Business Administration (SBA) lending practice. The company is also in the process of introducing a variety of value-added lending products that will continue to generate impact to the local business community.
NexBank Capital also is the parent company of Barrier Advisors, NexCapital Investment Banking and NexBank Land Advisors who all stand to benefit from this latest round of investment capital.
About NexBank Capital, Inc.:
NexBank Capital, Inc. is the parent company of NexBank, SSB, which is headquartered in the NexBank Building, Galleria II Tower. NexBank Capital, Inc. was founded in 2004 by a group of Dallas-based investors who are focused on providing sophisticated banking and funding solutions to companies in the Dallas and Fort Worth areas.
SOURCE NexBank Capital, Inc.
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