Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Bank Failures

Failed Bank Information for Nexity Bank, Birmingham, AL

On Friday, April 15, 2011, Nexity Bank, Birmingham, AL was closed by the State of Alabama Banking Department. The FDIC was named Receiver. AloStar Bank of Commerce, Birmingham, AL acquired all deposit accounts.

The FDIC as Receiver for Nexity Bank, Birmingham, AL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 5, 2019 and has made all dividend distributions required by law.

Effective December 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

Icon for Notice of Termination

Notice of Termination

Effective Date: December 1, 2019
Icon for Notice of Intent to Terminate

Notice of Intent to Terminate

Publication Date: February 5, 2019
Icon for Dividend Information

Dividend Information

Report on dividends paid
Icon for Press Release

Press Release

Official press release

Beware of scams!


Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: ALOSTAR BANK OF COMMERCE

About AloStar Bank of Commerce

All deposit accounts, excluding the Cede & Co. deposits, were transferred to AloStar Bank of Commerce, Birmingham, AL ("assuming institution"). Former Nexity Bank, Birmingham, AL locations reopened as branches of AloStar Bank of Commerce.

Your transferred deposits were separately insured from any accounts you may have already had at AloStar Bank of Commerce for at least six months after the failure of Nexity Bank, Birmingham, AL.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with AloStar Bank of Commerce as long as the deposits are not pledged as collateral for loans.

Contacting AloStar Bank of Commerce

The former AloStar Bank of Commerce is part of Cadence Bank, N.A.

You can contact Cadence Bank:

Cadence Bank
1349 West Peachtree Street, Suite 100
Atlanta, GA 30309

Cadence Bank (cadencebank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (8Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: May 22, 2024