Texas Bankers Association, a leading forum for bank leaders in the state, conducted the 5th annual Conference on M&A Conference and Strategic Opportunities in New Orleans, Louisiana. Interestingly, top bank leaders including NexBank Capital Inc CEO, John Holt, served on the panel. Mr. Holt actively participated in the discussion based on the topic “Reinvent Community Banking: Perceptions on Competing by Innovation” on November 7, 2016.
It should be noted that the conference is a forum comprising bank leaders, consultants, and advisors to share their views on various opportunities and challenges that are faced by community bank leaders. Both panelists and participants tried to figure out strategic opportunities using M&A activity, and branching and organic growth. Mr. Holt delivered his insights and the possibilities in the community banking sector and confirmed that it has more areas to tap with the help of innovation.
NexBank was founded in 1934 and headquartered in Dallas. Currently, it is the 13th largest bank in Texas and 200th largest in the country. It offers commercial banking, mortgage banking, and institutional services to the customers. It is built on three critical characteristics namely execution, expertise, and flexibility, and that helped the firm to offer quality servicing to its various customers. The firm has a customer base of institutional clients, financial institutions, corporations, and individuals across the country.
As of first quarter of 2017, it holds assets worth $5.3 billion with total deposits approximately $5 billion. It is also providing personal banking services including savings account, checking account, and mortgages. The bank is very keen to collaborate with nonprofit groups to support the community in addressing their needs. In 2016, it collaborated with Dallas Neighborhood Homes – a non-profit mortgage service organization – to offer Affordable Home Loan programs to people in Southern Dallas. In 2010, it worked with ReserveAid, a non-profit group providing financial aid to active personals, in various fund raising programs as a principal sponsor.