NexBank and The Funding Source Create NexBank Mortgage, a New Retail Mortgage Division

New Partnership Solidifies NexBank as a Premier Lender in North Texas
DALLAS--(Business Wire)--
Dallas-basedNexBank, a leading banking and financial services company and
premier commercial mortgage lender in North Texas, announced today the
establishment of NexBank Mortgage through a partnership with The Funding Source,
a leading residential mortgage operation in Dallas. The creation of the new
residential mortgage division positions NexBank as a multi-faceted mortgage
lender in North Texas, an important advancement in the company`s desire to help
customers and clients meet all their financial needs.

NexBank benefits from The Funding Source`s broad mortgage expertise and
long-time retail operation. The Dallas-based mortgage company, which offers
several residential loan programs, from traditional mortgages and VA loans to
reverse mortgages, operates several field offices with seasoned loan counselors.
The Funding Source also has a mortgage technology platform that allows consumers
to simplify the mortgage application process online, while still receiving
service from local experts. This partnership allows NexBank greater gains of
scale in originating loans as it joins its current commercial and wholesale
mortgage lending activity with the residential mortgage operation.

"NexBank is honored to have the opportunity to build a single operating alliance
with The Funding Source and the company`s founder, Tish Ashley. Together we have
the capability to offer consumers outstanding knowledge of the local market,
expertise in crafting custom loan decisions and assurance to provide mortgages
of nearly any amount," said NexBank president and chief executive officer Davis
Deadman.

"NexBank is a strong financial institution in North Texas. The combination of
The Funding Source and NexBank creates a powerful mortgage franchise," said Tish
Ashley, The Funding Source founder and now vice president, residential mortgage
division of NexBank Mortgage. "Our customers will benefit as we offer a more
competitive position with faster turn-around as well as the ability to
accommodate personal mortgages of nearly any amount, a key area of growth for
NexBank."

The new partnership provides The Funding Source with the resources of a strong
local lender and the stability of being part of a large and dynamic financial
company.

"For our company, NexBank Mortgage offers what we believe is the best mortgage
platform for our customers and at the same time, The Funding Source customers
gain access to the bank`s broad set of financial products including
best-in-class savings and deposit services," said Deadman. "Mortgages are an
important relationship product, and NexBank now has the opportunity to better
serve our customers and to enhance future profitability. Retail mortgages will
be a key area of growth for NexBank."

All employees formerly with The Funding Source will transition to NexBank
Mortgage; 14 jobs in total. This brings NexBank`s employee total in its mortgage
business lines to almost 40, up from zero at this time last year.

The new mortgage division is headquartered at NexBank`s Plano, Texas offices at
5601 Granite Parkway, Suite 120.

About NexBank:

NexBank, SSB, is headquartered in Dallas in the NexBank Building, Galleria II
Tower. Originally founded in 1922, the bank was purchased in 2004 by a group of
Dallas-based investors who refocused the bank to become a sophisticated and
capable force in commercial real estate and specialty financing (local) and
leader in deposit and savings rates. For more information, visit
www.nexbank.com.

Michael A. Burns & Associates
Danielle Bickelmann/Susie Lomelino, 214-521-8596
dbickelmann@mbapr.com
slomelino@mbapr.com

Copyright Business Wire 2009