Headquartered in Dallas, Nexbank announced that it had acquired College Savings Bank based in Princeton, New Jersey. The College Savings Bank specializes in 529 planned savings college programs. Although the terms and conditions of the contract were not revealed, the president and chief executive officer of Nexbank, John Holt, noted that the College would retain its original name, branding, and operations, even after the acquisition. Since its inception in 1987, College Savings Bank has specialized in College Savings programs across the US.
College Savings Bank manages the Indiana College and the Arizona College Savings Plans. Nexbank SSB is an affiliate of Nexbank Capital Inc. It offers banking services through;
• Commercial banking
• Mortgage banking
• Investment banking
Nexbank ranks as the 16th largest bank in the state of Texas and 266th largest bank in the United States. Nexbank was founded in 1934, and over the years it has registered an enormous growth with 89 trained and qualified professionals in nationwide. Nexbank allows customers to enjoy the following services;
• Account viewing, balance check, and detailed transaction history
• Money transfers between accounts
• Online purchase
According to the Dallas PRNewswire on March 14th, 2016, Nexbank reported strong consolidated financial results in 2005. That was the fourth consecutive time for Nexbank to reach the high record levels of income, property, equities and deposits.