The future of Banking

Nextbank is very large insured bank based in Dallas, Texas. Founded in 1934 and currently based in Dallas, they may have the possibility of migrating to new unthought of places. With an equity of $464.4 million on $6,379,820,000 in assets. This is solely based as of June 30, 2017, not to mention the growth that can occur in a matter of months when a business is beginning to gain a lot traction.

As of now, there are three main offices located in Texas, giving jobs to 87 different employees throughout these three main offices. Nextbank also received a full 5-star rating for their safety and soundness. Not only does this help them with future plans of possibly expanding and growing at a substantial rate, but this also allows for much more accessibility. It is not that often that you hear of a full 5-star rating. The process has to go through three-step criteria, which Nextbank clearly surpassed all three inspections if that’s what you’d like to call them.

Nextbank is also holding loans and leases which are worth over $3.92 billion. These include but are not limited to real estate loans which equate to $2.67 billion of this total.

So the question comes down to how will this bank affect us? Well if you are anything like the rest of people, you probably don’t think that one banking company could really have an effect on us much, but this is incorrect. If this bank takes off like it is beginning to, we may have many more options for online banking, bank to bank transfers, and easier access to online payments. These are just a few of the ways a large cooperation like a bank can affect us. If you would like to know more, check out effects of banks online.