FDIC Federal Register Citations

Dear Mr. Feldman:

This letter is written regarding the Online Delivery of Banking Services (66 FR 37029). Nexity Bank is pleased to respond to the Federal Deposit Insurance Corporation's ("FDIC") request for comment on the study of banking regulations relating to the online delivery of banking services. Nexity Bank is an Internet based bank located in Birmingham, Alabama.

The Internet has changed the way business is conducted in the United States and the world economy in which we live. Nexity Bank is an example of these technological advancements that can further the banking industry. We offer traditional banking services by career bankers with our delivery focused on the Internet and the telephone.

While state chartered banks have equal powers provisions as well as Section 27 of the Federal Deposit Insurance Act, we believe that additional clarity would be constructive for state chartered banks as electronic delivery of services continue to evolve.

We believe in the guidance and consumer protections inherent in our industries regulations and policies and appreciate the opportunity to comment on this initiative. It is a privilege to be a state chartered, FDIC insured financial institution conducting business in our great country. We would be glad to assist in any way to further the study of electronic banking as our sound banking system continues to lead the financial services industry.

Thank you again for the opportunity to comment.

Sincerely,
David E. Long
President
Nexity Bank