A Dallas-based Financial Institution Completes $54 Million Subordinated Debt Offering

NexBank Capital, which is a Dallas-based financial institution, announced the completion of the $54 million subordinated debt offerings. The company completed the $54 million private placement of the fixed-to-the-floating rate subordinated company notes to high net worth investors and institutions. NexBank Capital plans to use the proceeds of these offerings for the general corporate purposes.

Since 2016, the company has raised approximately $283 million of equity and debt. These notes are not callable for five good years, and they feature a stated maturity of 30th September 2027. They bear interest at a fixed rate of about 6.375 percent for the stated period. These notes have been assigned the investment grade of BBB along with stable outlooks by the Kroll Bond Rating Agency.

The notes qualify as the Tier 2 capital under the current and applicable capital regulations. During the offering of the notes, Sandler O’Neill and Partners acted as a sole placement agent. The offering was closed on 19th September 2017. These notes are not registered under the current Securities Act, and they may not be sold or offered in the U.S absent registration.

About the NexBank Capital

The NexBank Capital is a financial institution that provides its customers with various services which include commercial banking, institutional services, and mortgage banking. NexBank was established in 1943. It offers customized banking and financial services majorly to institutional customers, financial firms, middle-market companies, real estate investors and large corporations across the country. Through industry leadership as well as the commitment to customers, the institution strives to provide exceptional values at each opportunity.

NexBank provides its clients with unrivaled access to custom-tailored and sophisticated solutions delivered by experts with a proven reputation and records of success. The company offers a wide range of financial services that allow firms, individuals and institutions to meet a variety of challenging and complex needs. Some of these services include commercial lending, corresponded banking, real estate lending, credit services, treasury management, and agency services.

NexBank Leadership

The company has experienced experts who help it to secure positive and successful results. Its collective talents demonstrate innovation, insight, initiative and the intense focus on helping customers achieve their financial goals and objectives. The company’s executive team includes John Holt, who is the Chief Executive Officer and the President, Stacy Hodges, who is the Chief Risk Office, Matt Siekielski who is the current Chief Operating Officer as well as the Chief Financial Officer and Rhett Miller who is the Chief Credit Officer.




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