In Texas there are quite a few banks for people to consider. Nexbank, however, may be one of the best banks in terms of new growth. This bank has been around for many years, but there is a growth search for this bank as more customers sign up for online accounts. Growth for this bank is also found in a large amount of commercial accounts that are currently being acquired by Nexbank.
Nexbank has moved from headquarters from the Galleria to Uptown. This shows that the company is preparing for the growth that is happening. A staggering $24 million dollar capital raise has been completed this year, and this leaves room for a lot of new opportunities for Nexbank to expand. In the wake of all of this new growth there have been some changes in the executive structure for this banking institution. Executives like Kenneth Hanks and Joshua Bock have been elevated to positions as vice presidents. This shift in the structure of the Nexbank business is designed to further improve upon the business operations.
One thing that has changed with the growth is the limitation of the sale of certificate of deposits. Nexbank is no longer allowing people outside of Texas to buy CDs. This banking institution offers some competitive rates for certificates of deposit, but you will have to be a resident of the state of Texas to get access to these rates. Natives of Texas should definitely take advantage of these rates since these CDs are offered exclusively to people that live in Texas.
Nexbank has managed to become a powerhouse in Texas because it offers better rates on mortgages as well. Many Texans are discovering that it is much better to finance with a local bank like Nexbank because they have access to lower rates.