John Holt is the President and CEO of NexBank Capital, Inc. and was a featured participant in the Texas Bankers Association’s 5th Annual Strategic Opportunities and M&A Conference in New Orleans, Louisiana. He participated in the panel discussion on Reinventing Community Banking: Perspectives on Competing by Innovation.
The conference is a gathering of bankers meeting to discuss opportunities for growth as well as expected challenges in the months ahead. A chief subject driving the conversation is exploring the potential to expand through Mergers and Acquisitions. How to implement ideas for Organic Growth also featured prominently in the discussion. Expanding the number of local branches, known as Branching, was also a relevant topic and is still a reliable avenue of growth for banks.
The Mergers and Acquisitions route for growth is an attractive option. Burdensome regulations are proving to be expensive in the wake of the Great Financial Crisis. M&A offers a viable way for banks to acquire the resources necessary to implement costly rules and compete in a low-interest environment.
Organic growth strategies are also an important way for banks to improve results. Niche Lending could be a possibility here in addition to improving customer service. Providing a personalized, positive banking experience can pay great dividends in growing local business. Staff development can also be a key factor as customers prefer continuity and comfortable relationships to meet their banking needs.
Nexbank is a leading financial services company based in Dallas, Tx. They have three primary platforms in which they provide products and services. Commercial, Mortgage, and Investment banking comprise the bulk of their business. They also engage with Real Estate investors and provide services for all stages of a given project. Their services are custom designed for each client’s specific needs, and their staff has extensive experience in implementation.
Nexbank has assets of $5.3 billion and they are the fourth largest bank in Dallas, Tx. They are the 13th largest bank in Texas. With their vast experience and a wide range of expertise, Nexbank is well positioned to provide quality service to its customers.