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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

Notice of Termination

Effective Date: December 1, 2019


Notice of Intent to Terminate

Publication Date: February 5, 2019

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

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

caution

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