Community Banking Has a Bright Future

Nexbank’s CEO spoke at a conference on November 7th, 2016. The purpose of the meeting was to discuss the future of community banking. The CEO also spoke about the infrastructure of banking in general. The meeting that he spoke at is called the Annual Strategic Opportunities and M&A Conference. This meeting is held to discuss the difficulties that modern community banking faces.

 

The CEO discussed recent rapid advances in technology within the banking sector. He discussed Nexbank’s acquisition of the College Savings Bank. This New Jersey bank helps parents put money away for their student’s college education. CEO John Holt also talked about the larger role of community banking within a region. He argued that using bank assets to benefit the poor within communities will help these communities as a whole. He also mentioned the importance of educating those that come from poor and troubled upbringings.

 

Nexbank is a relatively large community bank. They provide community lending, mortgages and resources for businesses. The company has been offering a variety of flexible options to its customers for years. Nexbank currently holds over 4 billion dollars in assets. The institution is currently seeking to branch out by offering more services to the local communities that it operates in. They offer both commercial and SBA loans to their customers.

 

Nexbank’s leadership team is run by chairman James Dondero. James Dondero is also the co-founder of Highland Capital Management. Nexbank also does treasury management and investment banking. Their investment branch has an advisory group that assists large businesses with mergers and acquisition. Nexbank’s broad range of services is comparable to a much larger bank like Wells Fargo. Its smaller and more tailored approach to customers may give it a greater level of appeal in the future. John Holt’s recent speech shows that the institution is still looking to innovate.