NexBank
| Company type | Private |
|---|---|
| Industry | Banking, Financial services |
| Predecessor | Terrell Federal Savings and Loan Association, Heritage Savings Bank, SSB, Heritage Bank, SSB |
| Founded | 1922 |
| Headquarters | Dallas , United States |
Area served | Texas |
| Products | Institutional banking, Commercial banking, Mortgage banking |
| Owner | NexBank Capital, Inc. |
| Parent | NexBank Capital, Inc. |
Nexbank is a regional banking institution in the United States, with its main office located in Dallas, Texas. It operates as a state-chartered bank under the supervision of the Federal Deposit Insurance Corporation (FDIC). The bank provides a range of financial services including institutional banking, commercial banking, and mortgage banking, primarily serving clients throughout Texas via three branches.
The bank is owned by the financial services company NexBank Capital, Inc. By 2022, NexBank's assets approached $14 billion, positioning it as the largest privately owned bank within Texas.
History
Originally established in 1922 as Terrell Federal Savings and Loan Association in Terrell, Texas, the institution converted into a mutual savings bank in 1999 and was renamed Heritage Savings Bank, SSB. It transitioned to a stock savings bank in 2002, simplifying its name to Heritage Bank, SSB. After being acquired by investors from Highland Capital, the bank moved its headquarters to Dallas in 2004 and adopted the NexBank, SSB name in 2005. In 2015, it expanded by purchasing Princeton Savings Bank in New Jersey and later changed to a commercial bank in 2020, taking on its current designation as NexBank.