NexBank
{{Short description|American private state-chartered bank}}
{{Infobox company
| name = NexBank
| logo = NexBank Logo 2022.svg
| former_name = Terrell Federal Savings and Loan Association; Heritage Savings Bank; Heritage Bank
| type = Private
| industry = Financial services
| founded = {{start date and age |1922 }}
| location_city = Dallas, Texas
| location_country = United States
| area_served = Texas
| key_people = Matt Siekelski, President & CEO
James Dondero, Founder and Chairman
| services = Banking services
| assets = $13.9 billion
| assets_year = 2024
| num_employees =
| num_employees_year =
| website = {{url|www.nexbank.com}}
}}
Nexbank is an American regional bank that is headquartered in Dallas, Texas. It is state-chartered and overseen by the Federal Deposit Insurance Corporation (FDIC).[https://www.usbanklocations.com/nexbank.shtml "NexBank"], Basic Info, US Bank Locations. Retrieved November 30, 2022. The bank provides financial services in institutional banking, commercial banking, and mortgage banking and is based in Texas, where it has three branches.[https://www.usbanklocations.com/nexbank-locations.htm "NexBank Locations"], US Bank Locations. Retrieved November 30, 2022.
Its parent is financial services company NexBank Capital, Inc.[https://www.prnewswire.com/news-releases/nexbank-capital-inc-announces-ceo-leadership-change-301675896.html "NexBank Capital, Inc. Announces CEO Leadership Change"], Cission PR Newswire, November 11, 2022. {{As of |2022}}, NexBank had assets of almost $14 billon and was "the largest privately held bank in Texas."[https://www.nexbank.com/about "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 located in Terrell, Texas, and became a mutual savings bank in 1999, when it changed its name to Heritage Savings Bank, SSB.[https://www.usbanklocations.com/nexbank.shtml "NexBank"], History, US Bank Locations. Retrieved November 30, 2022.
It became a stock savings bank 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), [https://www.bizjournals.com/dallas/stories/2005/08/29/story3.html "Banking on a new name, more space"], Dallas Business Journal. It acquired Princeton Savings Bank in Princeton, New Jersey, in 2015 and changed to a commercial bank in 2020, when it changed its name to NexBank.