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Correspondent Banking
Our team of correspondent bankers offer the expertise and solutions to help community banks become
more efficient and better serve your customers. We offer a variety of correspondent products and services
to financial institutions throughout the great state of Texas. We strive to help community banks
streamline their operations and grow their business and we work with key people in your
organization to help deliver solutions to benefit your institution as well as your clients.
The solutions and services currently being offered consist of:
Unsecured and Secured lines of credit at competitive rates.
Loans Purchased and Sold. Helps diversify your loan portfolio and avoids introducing your largest customers to your competition.
Provide both secured and unsecured loans to executive officers, directors and principal shareholders where Reg O may restrict borrowing from your bank.
Veritex offers a Money Market account to financial institutions and bank holding companies that provides quick and easy access to your funds while earning a competitive rate.
Veritex offers a Business Premier Card that provides an easy and efficient way to handle all your spending needs with a single card solution that provides many extras such as the power & control of a Purchasing Card, the flexibility & security of a Travel Card, and the features & benefits of a Rewards Card.
Did you know we have 1031 Exchange Services? Through Veritex, we provide clients access to 1031 Exchange services supported by Exchange Manager ProSM, the patented 1031 Exchange workflow technology and one of the nation’s leading Qualified Intermediaries. Clients leveraging Veritex Bank as the Qualified Intermediary for their 1031 Exchanges benefit from a seamless and transparent transaction by keeping more of their real estate transaction under the same roof.
What is 1031 Exchange? A 1031 Exchange is a tax deferral tool that allows the seller of qualifying real property to defer taxes on their transaction including Capital Gains, Depreciation Recapture, and Net Investment Income Tax, as long as the proceeds from the sale are used to acquire other qualifying, real property. Multiple requirements must be adhered to for a valid 1031 Exchange.
If you'd like more information, please contact our experienced 1031 Exchange Team.
Kathy Armstrong & Tanner Lofton 1031Exchange@veritexbank.com.
For more information on any of our Correspondent Banking Services, please contact:
Kathy Armstrong
EVP, Director of Correspondent Banking
214-399-3968
karmstrong@veritexbank.com
