Mary Pirrello, Senior Vice President of National Warehouse Lending at NexBank SSB, Dallas-based bank, is the new president of the Texas Mortgage Bankers Association (TMBA). She’s appointed to the post for a duration of one year.
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TMBA was founded in 1917 and its aim is to preserve, enhance and advance mortgage banking business in Texas. Prior to the appointment, Ms. Pirrello was an active committee member. She also served on National Mortgage Bankers Association’s political action committee.
In 2010, Ms. Pirrello received was recognized as a future leader and received James Wooten Scholarship award from TMBA.
NexBank SSB is part of NexBank Capital, a financial institution which serves other institutions with commercial lending, correspondent banking, and agency services. It also has an investment banking division that provides mergers and acquisitions advice, recapitalization and restructuring, corporate finance, and other related services.
Additionally, NexBank provides mortgage lending, including wholesale. Its offer to individuals consists of checking and saving accounts, mortgages, and online banking.
Last year, the company has acquired College Savings Bank to diversify its balance sheet. The latest earnings included record profits, high Return on Average Equity, and substantial growth in assets, deposits, and loans.