NexBank is a regional bank based out of Dallas, Texas, whose charter is from 1922. NexBank supports the local residents by assisting Dallas Neighborhood Homes with up to $50 million. Dallas Neighborhood Homes is a non-profit mortgage banker that helps families afford mortgages. They hope to help low-income families pull out of poverty and provide a better future for their children. They also aim to improve North Texas homeownership rates. NexBank and Dallas Neighborhood Homes strive to assist in-need homebuyers in Southern Dallas. Their starting goal is 100 affordable loans a year. Also, NexBank will cover title fees and assist to an extent with additional costs.
The motto of Dallas Neighborhood Homes is “Making the American Dream a reality, one home at a time” and they have partnered with NexBank to do exactly that for low-income Dallas residents. With NexBank’s financial assistance, state-licensed Dallas Neighborhood Homes and their progenitor Dallas Area Habitat for Humanity provides financial assistance and financial counseling to those in need of it. According to Matt Siekielski, the Vice President of NexBank, NexBank is proud of their partnership.
College Savings Bank, based out of New Jersey, has been assisting college students and their parents with college savings since 1987. The college oriented bank provides 529 saving plans and many investment options to help those aiming for a higher education. Now College Savings Bank has become a division of NexBank. This move allows both to expand financially and improve their service of families in need. College Savings Bank will still be recognizable, as NexBank has no plans to change its name or branding. Also, they will continue to operate normally. John Holt, President of NexBank, and Matt Siekielski, the Vice President, expressed their satisfaction with the acquisition of College Savings Bank and the growth of their platform. These efforts improve their ability to serve the community.