- CEO
- Greg A. Lee
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 3500 Blue Lake Drive Birmingham AL United States of America 35243
- IPO Date
- Sep 21, 2005
- Business
- Nexity Financial Corporation Nexity Financial Corporation (NXTYQ), a bank holding company founded in 1999 and headquartered in Birmingham, Alabama, provides commercial banking services through its subsidiary Nexity Bank. The company offers correspondent banking services, including loan participations, fixed income investment services, clearing and cash management services, and funds management programs; it also provides internet banking and bank-related services to community banks. Nexity Bank operates primarily in the southeastern United States, including Alabama, Georgia, North Carolina, South Carolina, and Texas, targeting community banks and commercial clients.
In July 2010, Nexity Financial Corporation filed for Chapter 11 bankruptcy protection with a plan to restructure its debt, after which its common stock trades at a nominal value of $0.00 over-the-counter under the NXTYQ ticker, indicating a lack of active operations or delisting from major exchanges. No significant acquisitions, partnerships, funding rounds, product launches, or strategic expansions have been reported for the company in the last 1-2 years, reflecting its dormant status post-bankruptcy. The firm maintains a minimal employee base and focuses on legacy banking segments without recent operational changes or subsidiary developments.