Announces the Acquisition of College Savings Banks

NexBank SSB is an institution that is slowly changing the financial system in the United States. The firm is currently based in Dallas, Texas, and it has branches in many parts of the country. The reputation of the company has been on the rise in the recent times. This is because of the services it has been offering consumers for many years now. The professionals employed by the company have also been doing a good job for the clients and the society. The services provided by these professionals attract clients from all over the country.

Just recently, the Dallas based organization announced that it had decided to acquire an institution known as College Savings Bank. According to the company management, the Princeton based firm will bring the changes needed in NexBank. The introduction of the new corporation will take NexBank to the higher level.

The College Savings Bank has served clients in New Jersey for a long time. The bank specializes in the popular 529 college saving programs. In a new release that was published by NexBank, the deal has already been finalized. However, the terms of the deal were not released to the public. However, sources close to the two institutions state that the New Jersey Company cost a fortune.

After the acquisition, the College Savings Bank will not lose its name. The press release from NexBank clearly states that the bank will retain its brand and name. The bank will also maintain all its operations but under the division of NexBank. John Holt, the current chief executive director and president of the Dallas based company, says that he is excited about the new development. According to John Holt, the institution will grow due to the expertise and skills that will be brought by the College Savings Bank. The bank was established many years ago, and it has a lot of expertise.