Provides Affordable Housing Loans to Families in Southern Dallas and Acquires College Savings Bank

Dallas, Texas-based NexBank is a renowned regional banking institution. It serves an array of customers including individuals, corporations, leading financial institutions and institutional clients just to mention a few. The bank joined forces with the Dallas Neighborhood Homes and the Dallas Area Habitat for Humanity to facilitate the Affordable Housing Loan Program for southern Dallas’ families. The initiative, announced early September 2016, was aimed at offering at least 100 loans annually for five years, primarily to low-income families in particular zip codes in the southern part of Dallas.

Dallas Area Habitat for Humanity’s Senior VP of Mortgage Operations Mark Tribuna acknowledged NexBank’s help in providing affordable housing to those in need. Matt Siekielski, the COO and executive VP of NexBank Capital, Inc., expressed the bank’s excitement in being part of the project. In fact, he said that both the Dallas Area Habitat for Humanity and the Dallas Neighborhood Homes boast a strong record of aiding lower-income families to get affordable homes, particularly in the North Texas community.

Acquisition of College Savings Bank

Early in December 2015, NexBank announced its acquisition of Princeton, New Jersey-based College Savings Bank, which provides a staggering 529 college savings programs. Even though no further details regarding the deal were disclosed, NexBank Capital’s CEO John Holt said that College Savings Bank would retain its branding and name as well as maintain its current operations as NexBank’s division. He also stressed that the acquisition was a win-win transaction for the parties involved.

The COO and Executive VP of NexBank Capital, Inc. Matt Siekielski said that the purchase of College Savings Bank would enable the Dallas-based bank to cater to the wide array of its clients’ needs while assisting families to save for college. College Savings Bank was established back in 1987 with college savings as its core business. In fact, since then the bank has been a partner to parents, particularly those getting ready to enroll their kids for higher education. Furthermore, it prides itself on being a program manager not only for the Arizona Family College Savings Program-Bank Plan but also the Indiana CollegeChoice CD 529 Savings Plan.

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