Nexbank is a well-known financial institution headquartered in the city of Dallas, Texas. The company is one of the subsidiaries of the Highland Capital Management, and James Dondero acts as the chairman of Nexbank. The premier financial institution has been around for more than ten years, and they keep on expanding because of the positive reputation that they have instilled in their clients. The company offers three major services – mortgage banking, commercial banking, and institutional services. Through the three major services that Nexbank offers, they managed to grow significantly, and they transformed into a multi-billion dollar company. Presently, Nexbank posted a $6.4 billion worth of assets, and it resulted from the services that the company provides.
James Dondero announced his delight regarding the status of the company, and he stated that because of the continued trust from their clients, Nexbank would try out new services that would allow their clients to earn more profit from investing with them. The track record posted by James Dondero in managing the Highland Capital Management is one of the reasons why Nexbank continues to grow – and people are aware of his performances, and they wanted someone like him to oversee their investments.
Recently, Nexbank announced that they would be working with the city of Dallas and other adjacent cities to provide financial services to the public. Back in 2016, Nexbank partnered with an organization called the Dallas Neighborhood Homes and the Habitat for Humanity (Dallas Area), and they signed an agreement stating that loans will be provided to those who wanted to get their own homes. Many people signed up for the program, and Nexbank distributed more than 100 loans. The distribution of the loans would take up to five years to complete, and people from poverty-stricken areas are the ones who will be receiving the initial assistance. Their ZIP codes will also evaluate Their condition, and if they passed the screening, the family would be given their own home.
The southern part of Dallas is home to a lot of families who are striving hard to get their own homes. The locals highly anticipated the news about the loans that will be provided by Nexbank, and they stated that they have been waiting for the chance to get their own homes through goodwill programs, like the one offered by Nexbank.