A Successful And Growing Financial Institution based in Dallas

The Dallas based financial institution, NexBank, recently announced that Mary Pirrello has been appointed as the new President for the Texas Mortgage Bankers Association for the 2016 to 2017 term. Pirrello previously served as NexBank’s Senior Vice President of National Warehouse Lending. During her over 20 year career in the financial services industry, Pirrello has worked in a variety of institutions in leadership roles. While working for NexBank, Pirrello focused on improving relationships and business development for the warehouse lending division.

NexBank is a leading financial institution that has seen tremendous growth in recent years. They provide a wide variety of banking and financial services including: commercial, mortgage, and investment banking. In addition, they provide corporate advisory services to: small business and large corporations, real estate investors, middle-market companies, and banks. What separates NexBank from the competition is their commitment to serve their client’s individual needs. They see every opportunity to deliver high-quality service and exceptional value that will set them apart from other financial institutions.

Their exceptional commitment to their clients is one of the many reasons why NexBank has seen tremendous success in recent years. In 2015, NexBank reported very strong financial results and reached record levels for: assets, deposits, loans, and earnings. For 2016, the financial institution wants to continue developing their business throughout the United States, and expand and strengthen services to continue their successful growth.

Original Sources:

http://finance.yahoo.com/news/nexbanks-mary-pirrello-appointed-president-144000396.html

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23678115

Mary Pirrello Takes On Industry Leadership Role

Mary Pirrello of Dallas-based NexBank has taken on a new challenge, as the President of the Texas Mortgage Bankers Association (TMBA). Her one-year term started in May. Pirrello, a Senior Vice President of NexBank, brings more than twenty years of mortgage lending experience to the state institution.

Ms. Pirrello’s specialty within the NexBank group is warehouse lending, and capital-driven business development. Her prior experience with the TMBA includes stints as an active board and committee member, since 2007, and working within their industry political action committee. She has received awards from the TMBA in the past, most recently in 2010 when she received the James Wooten Scholarship award.

NexBank’s Mary Pirrello Appointed President of the Texas Mortgage Bankers Association
NexBank provides financial services across the United States, focusing on a trio of areas of expertise: commercial banking, mortgage banking and home loans, and investment banking. NexBank handles clients of all sizes, from individual checking accounts to institutional clients, corporations and other financial institutions.

NexBank is committed to the financial wellbeing and success of their clients, no matter their size or their investment portfolio. The company provides industry leading transparency to account holders and is willing to go the extra distance when it comes to custom tailoring solutions to a specific financial services needs.

NexBank’s original charter dates back to 1922, and they’ve had a proven track record of success in helping other financial institutions and businesses reach their goals. NexBank is a proven innovator in data-driven financial management for commercial and institutional investors.

NexBank is highly rated as a bank catering to entrepreneurs and small businesses, and is branching out into the residential mortgage business, seeing an unmet need in the state of Texas. NexBank’s money market rates are nearly twice the national average, and the bank has an A+ health rating. The bank has ninety-one employees and three locations in the Dallas metro areas.

Connect with Nexbank:

https://www.linkedin.com/company/nexbank

NexBank swiftly growing in popularity

 

NexBank is a popular financial services company that is based out of Dallas, Texas. John Holt is the company’s President and Chief Executive Officer. NexBank serves it’s clients through three core businesses with that being Commercial Banking, Mortgage Banking and Investment Banking.
Over the course of the last two years NexBank has seen a tremendous amount of success with their company growing in many different areas and seeing increases in many different statistical categories. For four consecutive years NexBank has reached a record level in assets, loans, deposits and earnings as well. These statistics are very telling about just how popular and efficient NexBank has become. Their Return on Average Equity (ROAE) soared all the way to 35% by the end of 2015. This percentage is way up from where it stood in 2014 at 23%. Income ROAE reached $16.2 million dollars which is up from the $10.2 million that it was.
NexBank saw a massive increase in total assets over the past year as well reaching a reported $2.72 billion at years end which is a 48% increase. They also saw their total loans increase a significant amount as well $1.97 billion making it a 42% increase. Total deposits are on the rise as well with deposits having grown 32% reaching a level of $1.88 billion.
NexBank has a Tier 1 leverage ratio and total risk based capital ratio’s at 9.34% and 13.52%. According to Chief Operating Officer Matt Siekielski, the company is focused on their institutional client base and developing their business in the United States. They are constantly looking at different ways to not only expand but also strengthen the companies product offering. It’s easy to see how much success NexBank has had recently and the statistics prove just how well run and efficient NexBank really is.