The Achievements

On an article published by PRNewswire on September 29th, 2017, NexBank Capital, Inc made an announcement about the completion of a private placement worth $54 million of its fixed-to-floating rate subordinated notes to some high net worth and institutional investors. Based in Dallas, Nexbank is a financial services company that is committed to serve all the financial needs of their clients. According to Nexbank, it intends to use the above proceeds for general corporate purposes. Since 2016, Nexbank Capital has managed to raise approximately $283 million of equity and debt. The notes are always non-callable for 5 years with a stated maturity of September 30th, 2017. For five years, the motes have an interest rate of 6.375% which is fixed.

The notes have a floating rate which based on a spread above the current LIBOR of three months of 458. 5 basis points. According to the report, the notes have a BB- investment grade rating and s stable outlook by the Kroll Bond Rating Agency. The notes also qualify as Tier 2 capital which is under the applicable capital regulations. The sole placement agent for the notes offering was Sandler O’Neil & Partners, LP with the offering being closed by September 19th, 2017. The notes have been registered under the Securities Act and is not sold or offered in the United States absent registration or even an applicable exemption which is from the registration requirements.

Nexbank Capital has since its inception undergone a lot of growth and expansion. The company has an exemplary management team that is committed to ensuring that the strategic goals of the company are achieved. Nexbank has employed a team of staff who are skilled and talented in offering financial services. They understand that each client has unique needs and therefore has the ability to offer customized services to each client. Nexbank serves their clients via three core businesses which are Mortgage Banking, Commercial banking and Institutional Services. The main clients of the company are financial institutions, institutional clients and also corporations all over the country. NexBank is a member of the FDIC and it has earned a reputation as one of the most reliable and efficient financial services company.

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