JACKSONVILLE, Fla.--(BUSINESS WIRE)--NHB Holdings, Inc., a Florida-based Bank Holding Company, announced today that it has received regulatory approval for its de novo bank, Proficio Bank, to market specialized banking and mortgage services to the relocation, homebuilding and real estate brokerage industries.
The Company was formed when executives from the relocation, homebuilding, and real estate brokerage industries perceived an opportunity to create a new specialty bank that would serve the specific needs of industries whose business involves the purchase, sale, or financing of a home. “Proficio addresses unique market, product and service needs in these industries and provides these companies the opportunity to work with a financial institution that specializes in their industry,” said William G. Slagle, founder and Chairman of NHB Holdings and Chairman of Proficio Bank. “Proficio has already entered into relationships with many firms because of its ability to address these unique commercial, consumer and mortgage lending needs.”
Proficio Bank’s services include relocation equity transactions, relocation home purchase financing, homebuilder land acquisition, development, construction lending, commercial mortgages, operating lines of credit, and other specialized commercial lending programs. In addition, through Proficio Mortgage, unique real estate-related credit programs for mortgages, home equity loans and home equity lines of credit are marketed to the customers of these firms through joint ventures and joint marketing partnerships.
Brad D. Hardy, former CFO and GC of First Security Corporation is the CEO of Proficio Bank, and Michael A. Johnston, former Chairman and CEO of Merrill Lynch Credit Corp. is the President of Proficio Mortgage. NHB Holdings Inc.’s Board of Directors includes such influential investors as Utah Senator Al Mansell, former President of the National Association of Realtors®; Lock W. Ireland, former CEO of 1st Performance Bank; John W. Westman, former CFO of Banc One Corporation; Morgan J. Evans, former President of First Security; Richard H. Mansfield of Mansfield & Associates; Richard D. Danford, Ph.D., President of the Jacksonville Urban League; Roswell S. Bowers, former E.V.P. with Bank of America and T. Stephen Johnson of T. Stephen Johnson & Associates, a de novo bank entrepreneur and consultant.
About NHB Holdings
NHB Holdings was founded by a group of bank entrepreneurs, business executives, and business executives from the corporate relocation, homebuilder and real estate brokerage industries. NHB Holdings recently completed a $43.8 million private stock offering. Proficio Bank’s national headquarters are in Salt Lake City, Utah and the company operates its national mortgage subsidiary, Proficio Mortgage, out of Jacksonville, Florida. Proficio Bank and Proficio Mortgage market specialized banking and mortgage services to the corporate relocation, homebuilding and real estate brokerage industries. For more information, visit www.nhbholdings.com, www.proficiobank.com, and www.proficiomortgage.com.