Bankers have a challenge in continuing to provide the right financing products for their clientele. As the Dallas housing market continues to boom, some may ask if local community banks can keep up. This was one of the key topics at the November 2016 Texas Bankers Association’s Annual Strategic Opportunities Conference.
Available Capital In Texas
The proper allocation of capital is an important reason for an area’s success or failure. Wall Street has a phrase called “throwing good money after bad.” When an investment is bad, then a bank should cut its losses. Thankfully, bankers can share notes and determine the best policy for the entire industry. This is what happened at the aforementioned conference when the best and the brightest of Texas banking met.
NexBank CEO John Holt was one of the participants on the “Reinventing Community Banking: Perspectives on Competing by Innovation” committee. Innovation can keep a boom going. What type of financing might Dallas citizens need in the future?
Dallas has a hot market, so mortgages should be in high demand. The oil price has remained low, so more home buyers might need to finance. They might not have as high of salaries as previously. Construction loans could also help increase the amount of housing available.
Texas Bank Financial Products
NexBank is well-positioned to provide the necessary community lending products to keep Dalls booming. It offers commercial banking, institutional services and mortgage banking. Under mortgage banking, NexBank also offers warehouse lending.
Innovation can keep Dallas running on a full tank. With warehouse lending, businesses can continue to raise much-needed financing. With full shelves, the population can be assured of having all they need to enjoy a high quality of life. NexBank has the new finance products to make Dallas citizens happy.