With the recent announcement by financial services company NexBank Capital that the Dallas-based bank is acquiring College Savings Bank of Princeton, the future looks brighter than ever for the Texan institution, at least in economic terms. The firm, whose charter dates back to 1922, focuses on Commercial Banking, Mortgage Banking, and Investment Banking. Nexbank’s clients range from top financial institutions, corporations, and individuals throughout the United States.
Nexbank prides itself in providing top-quality and customer-tailored financial services to meet the highly specialized needs of its different clients. As a result of the financial institution’s commitment to delivering professional and unrivaled services, its reputation as a top financial solutions provider continues to flourish, and the firm’s prominence in the banking industry seems secure for a long time to come.
The acquisition of the New Jersey Bank is the result of many years of planning by NexBank, whose interest in College Savings dates back to the company’s establishment in1987. The announcement demonstrates the continued success of the Dallas-based financial firm and shows the bank’s ambitions to reach a wider number of customers. College Savings Bank is at the helm of program management for the Indiana CollegeChoice CD 529 Savings Plan as well as Arizona Family College Savings Program-Bank Plan.
The addition of College Savings Bank of New Jersey into its fold enables NexBank to extend its services to include the 529 college savings programs already offered by the New Jersey Bank. Although the details of the deal remain unreleased, John Holt, the president and CEO of NexBank disclosed in a press release that College Savings Bank will retain its name, branding, and operations as a division of NexBank Capital Inc. Given the impressive record of successes at NexBank, the acquisition points to bright financial future for both firms.