Nexbank is an American

regional bank A regional bank is a depository institution, such as a bank, savings and loan, or credit union, which is larger than a community bank and operates below the state level, but not so large that it would operate either nationally or internationall ...

that is headquartered in

Dallas, Texas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

. It is state-chartered and overseen by the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

(FDIC)."NexBank"
Basic Info, US Bank Locations. Retrieved November 30, 2022. The bank provides financial services in institutional banking,

commercial banking A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

, and mortgage banking and is based in

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

, where it has three branches. Its parent is

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

company ''NexBank Capital, Inc''. , NexBank had assets of almost $14 billon and was "the largest privately held bank in Texas.""About NexBank"
nexbank.com. Retrieved November 30, 2022.

History

The bank was founded in 1922 as Terrell Federal Savings and Loan Association, a

community bank A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people ...

located in

Terrell, Texas Terrell is a city in the U.S. state of Texas, located in Kaufman County. As of the 2020 census, its population was 17,465. Terrell is located about east of Dallas. History Terrell developed as a railroad town, beginning in 1873 with the con ...

, and became a

mutual savings bank A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions ...

in 1999, when it changed its name to Heritage Savings Bank, SSB."NexBank"
History, US Bank Locations. Retrieved November 30, 2022. It became a

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

in 2002 and shortened its name to Heritage Bank, SSB. The bank moved to Dallas in 2004, after it was acquired by partners in Highland Capital, and changed its name to NexBank, SSB, in 2005.Christine Perez (August 28, 2005)
"Banking on a new name, more space"
''

Dallas Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market ...

''. It acquired Princeton Savings Bank in Princeton, New Jersey, in 2015 and changed to a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

in 2020, when it changed its name to NexBank.

References

{{reflist Banks based in Texas American companies established in 1922 Banks established in 1922 1922 establishments in Texas Companies based in Dallas