NexBank Capital Inc., a Dallas-based thrift-holding company, has raised $10 million in additional capital which will be used to support growth in its commercial lending business.
Davis Deadman, the chairman and chief executive of NexBank SSB, said plans are to use the money to expand business lending operations, including the commercial property lending and mortgage platforms. It will focus on lending money to companies in the Dallas-Fort Worth metropolitan area.
"We had reached a point whereby adding more new funds would allow us to continue capitalizing on opportunity while sustaining our growth trajectory.
"Compounded with an economic cycle that is starting to show signs of moderate recovery, businesses are beginning to look for funding to help them grow, expand or acquire," Deadman said.
During 2010, NexBank started a residential mortgage warehouse business and it expanded its Small Business Administration lending platform.
