Texas Bank Adds Retail Production Unit

NexBank, a bank which offers commercial mortgage lending and wholesale residential lending based in Dallas, has started a retail residential mortgage unit. The new unit, NexBank Mortgage, Plano, Tex., is being created through a partnership with The Funding Source, a Plano-based mortgage broker. Tish Ashley, founder of The Funding Source, will remain with NexBank as the vice president of the residential mortgage division. All 14 employees of The Funding Source will join NexBank Mortgage, bringing the bank's head count up to 40 in its mortgage business lines vs. zero one year ago. "Mortgages are an important relationship product, and NexBank now has the opportunity to better serve our customers and to enhance future profitability. Retail mortgages will be a key area of growth for NexBank," said its president and chief executive Davis Deadman.