NexBank founded in 1922 located its first offices in Dallas, Texas. Texas in the 1920’s was enjoying a great economic climate based on the production of crude oil in oil fields throughout the state. It was a perfect time to open a banking business and the early profitable years of its development shielded it from the Wall Street crisis of 1929. Today NexBank provides a complete range of banking services including investment banking, corporate advisory services, checking and savings accounts, mortgages, mergers and acquisitions, corporate financing, land advisory, loan servicing, and general financial advice to individual investors and corporations.
NexBank, formerly known as Heritage Bank, has John L. Holt Jr. as its CEO, President and Chairman of the Board.
Dierk Hohman was recently appointed as Executive Vice President and the general counsel for NexBank Capital, Inc. and NexBank SSB. Hohman brings a resume of knowledge inside the banking and financial worlds. His comprehension and understanding of compliance factors and the extensive regulations involving banking and investing in America are a tremendous asset for NexBank. Hohman has ably served at various banks, law firms and other financial services companies, including Bank of America, GE Capital, HBK Capital Management and White & Case LLP.
The banking industry in the United States of America seems to be in constant turmoil. Banks are being bought out, merged and acquired much in the same way start-up businesses that have a productive but short record are acquired by larger allied businesses. When a former President said, “The business of America is business.” He was talking about this game of monopoly taking place in American businesses. If it continues any longer, all businesses will be a small part of one giant megalithic corporation. In years past, businesses were founded on good ideas and even better products, and the success of any business was determined within the first few years of its beginning. Now financing in the $ millions is based on someone’s good idea of an unproven product or service. In some cases, the business developer may sell his business or let it be acquired, and he will have gained a lifetime worth of income for only his single idea.