See Me Grow

Pursuing Innovation

John Holt has been the president and chief executive officer of Nexbank for a number of years. Nexbank is a member of the Texas Bankers Association which holds an annual conference each November. Each conference is built around a main theme and for the 2016 edition the theme was around reinventing community banking. John Holt spoke at this event about the measures his own company was pursuing in order to be more innovative and offering their customers a broader range of services.

One of the ways that Nexbank broadened their services in 2016 was by acquiring a college savings bank. This acquisition enabled Nexbank to offer their customers and the broader community of Dallas a way to effectively save for their kid’s college educations. Another issue John Holt talked about during his speech was starting an initiative to provide funding to those businesses which are offering mortgages in areas of Dallas that are low income. He said that helping lower income people by offering them lower cost mortgages was a great way to help them provide better schooling to their children and build equity.

Nexbank offers checking and savings accounts to their customers in addition to the college savings plans. They also offer CDs up to 24 months in length which currently pay 2.05 percent. Additionally, they offer products and services to large businesses such as mortgage and commercial banking as well as other institutional services. They manage about $8.35 billion in assets and employee 88 people in their three offices located around Dallas, Texas.

In addition to John Holt others that make up the management team includes Stacy Malinda Hodges who is an executive vice president and chief financial officer. Scott Matthew Siekielski is another Executive VP as well as the Director of Nextbank. The other two top executives are Tamara Hambright and Paula Verdell. Both are senior VPs with the former in charge of warehouse lending and the later warehouse operations.

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