NexBank SSB is a growth-oriented community bank serving the Dallas metropolitan area and north Texas region. It is a member of the Federal Deposit Insurance Corporation. NexBank SSB has been a part of the Dallas business scene since the firm was chartered in 1922. NexBank SSB provides a full range of banking services to individuals and businesses. This bank is known as a mortgage lender. It also provides wholesale mortgage capital to local financial entities that act as retail mortgage providers.
NexBank SSB is owned by NexBank Capital, Inc. The parent firm provides financial services to the banking industry nationwide. It’s core operations focus on commercial banking, investment banking and mortgage banking. NexBank SSB recently acquired the College Savings Bank of New Jersey. College Savings Bank specializes in managing 529 education savings plans for several state education organizations.
Community support is an important part of the corporate culture NexBank SSB. For example, the bank joined other businesses in Dallas to support the police in the wake of the tragic killing of five Dallas police officers on July 7, 2016. Following the recommendation of the Texas Bankers Association, NexBank donated funds to Assist the Officer. This organization was selected because 100 percent of the money it collects goes to the families of Dallas police officers who have died or been wounded in the line of duty.
NexBank is actively involved in community development initiatives. Recently, the bank committed $50 million in mortgage capital to fund a Dallas Habitat for Humanity project. The program will build up to 100 homes each year for five years in the south Dallas area. As many as 500 low income families will get an opportunity to become homeowners.