The current president of Bradesco, Luiz Carlos Trabuco Cappi has confirmed the various changes the banking and finance giant has endured over the past few months.

Bradesco, one of the largest banking enterprises in Brazil, has a very large impact on the economy, so there is lots of anticipation of how these changes may affect the country. Luiz Carlos Trabuco Cappi went into detail about the new president scheduled to take office in the next few weeks. Luiz Carlos Trabuco Cappi stressed the company taking its time in the selection process, especially considering the recent acquisition of HSBC.

Luiz Carlos Trabuco Cappi has been with the company for 40 years. Starting as a bank clerk in 1969 Luiz Carlos Trabuco Cappi, has had an impressive and successful career with Bradesco. From 1992 to 1998 Luiz Carlos Trabuco Cappi was the Executive Director and President of Bradesco’s Private Pension Company. In 1999 Luiz Carlos Trabuco Cappi was promoted to Executive Vice President of Bradesco, and Chief Executive. Luiz Carlos Trabuco Cappi, in 2003 was appointed to President of the insurance division Bradesco Seguros. Luiz Carlos Trabuco Cappi, acknowledge the fact that the new president must be announced 30 days before the AGO meeting scheduled for March 12th. The AGO meeting is the Ordinary General Assembly, and it is place the new president will officially be revealed. Luiz Carlos Trabuco Cappi confirmed the appointment of Octavio de Lazari Junior as the 5th president to take office. Luiz Carlos Trabuco Cappi also spoke on the retirement of Lazaro Brandao, the 91 year economic and financier, retiring after 75 years with Bradesco. Lazaro Brandao detailed the need for him to extend the age restriction to 67 two years longer than usual, due to the major transition Bradesco is experience he felt it was necessary.


It should be noted the appointment of Octavio de Lazari Junior, was not welcoming news for all the board members. Octavio de Lazari Junior, has been with Bradesco since 1978 as an Agency Manager. In 1198 Octavio de Lazari Junior became the Director of the credit division of Bradesco and changed focus to small and medium size companies.

Octavio de Lazari Junior was promoted to Director of Loans and Financing in 2010 and two years later in 212 he was appointed to the Board of Director Officers. It was in 2017 Octavio de Lazari Junior became the Executive Officer Vice President and Chief Executive Officer of Bradesco Seguros Group.

Luiz Carlos Trabuco Cappi also detailed the new appointment to the Vice President of the council will be Carlos Alberto Rodrigues Guilherme. Carlos Alberto Rodrigues Guilherme began working at Bradesco back when he was only 13 years of age.

Lazaro Brandao, shared his take on the current climate of the economic situation in Brazil. Lazaro Brandao pointed to political infighting and the overall lack of unity is hurting the economic growth. Lazaro Brandao suggest the true solution, however is hard to do, but must be done and that is labor reform.

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The City of Dallas is making changes for the better in specific areas of the city. Lower Income Families are prevalent in Southern Dallas and with a depressed economy, people just cant afford to purchase a homes. Luckily, Dallas is about to reinvent itself and introduce an all new way that gives families a chance to own a home. The name of the program is “The Affordable Housing Loan Program.” This program consists of three organizations that are working together to make owning a home more affordable.Habitat For Humanity, Dallas Neighborhood Homes, and NexBank are working hand to hand to make this a reality.

The two non-profit organizations are connecting lenders with buyers, which would otherwise be unsuccessful at this point in time. Owning a home comes with it’s day to day challenges and these organizations are providing counseling and support throughout the term. The goal is to provide over 100 loans each year for the next five years. Since these loans are for low income individuals, funding is the main barrier and that’s where NexBank enters the equation. NetBank is a successful regional bank in the Greater Dallas Area. This institution is willing to provide up to $50 Million in loan support. The proceeds will go to people with limited access to mortgages and the non-profit organizations will handle the disbursements. It’s a win, win situation on both sides especially from NexBank.

Now families in certain Dallas zip codes will be proud, new homeowners. On top of that, Nexbank will be offering an additional $2,000 for closing costs. This great program is improving the quality of life and the entire blueprint should be used a s a model throughout the country.

The Dallas-based financial institution NexBank Capital Inc., has announced the increase in the amount of its private placement of senior unsecured notes to $75 million which reflects a $25 million increase from the March 18, 2016 offering.

The proceeds of the offering will be used for capital for its banking subsidiary and other growth purposes. The agent for the private offering of the notes was Sandler O’Neill & Partners, L.P.

NexBank Increases Senior Unsecured Notes Offering to $75 Million

The notes will mature on March 16, 2016. They will bear an interest rate of 5.50% and will be non-callable for five years. After five years they will have a floating rate above the three-month LIBOR of 435.5 basis points.

The strong demand from investors both existing and new allowed the financial institution to increase their offering and is a strong indication of the financial community’s support for NexBank’s continued growth.

For the past four years NexBank Capital Inc. has recorded record earnings and has significantly increased their year-over-year earnings while improving assets, loans and deposits. The year-over-year net income for 2015 was $53.2 million and the Return on Average Equity was 35% which was 12% higher than 2014. Year-end assets totaled $2.72 million which was 48% more than 2014.

On November 30, 2015 NetBank Capital Inc. acquired College Savings Bank which provides an additional source of deposits and helps to diversify their balance sheet.

NexBank Capital Inc. is a financial services company with a charter dating back to 1922. In order to meet their client’s needs, they serve the banking community across three different platforms: commercial, investment and mortgage banking. The company provides banking services to financial institutions, corporations and individuals throughout the nation.