NexBank is headquartered in Dallas and is the 12th largest bank in the state of Texas. It is also the 163rd largest bank in the nation. It was established in 1934 and as of December of 2020, it had grown to 87 employees at 3 locations. NexBank's money market rates are 14% higher than the national average, and it has a B health rating.
(1) Online presence is awkward to use. (2) Opted to establish a "link" to my personal checking account in order to transfer in and out. Applied online and received approval in just a day or two. But, when I tried to transfer out funds upon CD maturity I was told that out-of-state accounts could not be used. (3) In order to withdraw funds I had to send a notarized letter, a ridiculous requirement that only added to the "float" time they benefit from. (4) Trying to speak with anyone at the bank was difficult and you have to leave a message and wait for a return call. Played 'telephone tag.'
Certainly will not patronize this bank again!
Overall | |
---|---|
FDIC Certificate # | 29209 |
Year Established | 1934 |
Employees | 87 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.99% |
Return on Equity - YTD | 16.2% |
Annual Interest Income | $276.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $9.15B$9.77B |
Loans | Q4 2020vs Q4 2019 | $5.56B$6.67B |
Deposits | Q4 2020vs Q4 2019 | $7.18B$6.78B |
Equity Capital | Q4 2020vs Q4 2019 | $584.7MM$693.0MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $49.4MM$38.2MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $60.1MM$17.4MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $292.00K$1.0MM |
Always verify rates and promotions with the bank or credit union. We are not NexBank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | - | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $25k* | - | High-Yield Money Market Savings | ||
OTHER TIERS: 0.10% → $1k - $5k | 0.15% → $5k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | - | - | Platinum One Checking |
NexBank Locations | ||
---|---|---|
Nexbank, SSB | 2515 Mckinney Ave, Suite 1100 | Dallas, TX 75201 |
Preston Center Branch | 6121 Luther Lane | Dallas, TX 75225 |
Mckinney Branch | 2515 Mckinney Avenue, Suite 1700 | Dallas, TX 75201 |