Nexity Bank was the primary banking subsidiary of Birmingham-based Nexity Financial Corporation. Nexity Bank had one banking office in Birmingham and correspondent banking offices in Georgia, South Carolina, North Carolina and Texas. Nexity was incorporated in 1999 and began offering Internet banking in 2000, and that format remained the bank's focus. Greg Lee was chairman and CEO.
In March 2008, Nexity announced plans to move its headquarters from leased space on Blue Lake Drive to the Riverpoint building off of U. S. Highway 280. Nexity purchased the building from Daniel Corporation, who acquired it as part of the purchase of the HealthSouth corporate headquarters. Nexity at the time had 74 operations employees, and the expanded space at Riverpoint served as the headquarters for both the bank and its holding company.
The Nexity Financial Corporation filed for Chapter 11 bankruptcy in July 2010 in order to restructure its unsettled debts. The bank was seized be regulators on April 15, 2011 and its deposits and most of its assets were sold to AloStar Bank of Commerce.
- Kent, Dawn (March 21, 2008) "Nexity Bank to join new Daniel corporate campus." Birmingham News
- Cooper, Lauren B. (July 22, 2010) "Nexity Financial officially files for Chapter 11." Birmingham Business Journal
- Hubbard, Russell (April 15, 2011) "Banking regulators seize Superior Bank and Nexity Financial Corp." Birmingham News
- Nexity Bank website