NEXITY BANK Failed 2011

BIRMINGHAM, AL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

NEXITY BANK of BIRMINGHAM, AL was closed on 2011-04-15. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to ALOSTAR BANK OF COMMERCE (BIRMINGHAM, AL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3921
FDIC Certificate
19794
FDIC FIN
10356
Bank name
NEXITY BANK
Location
BIRMINGHAM, AL
Failure date
2011-04-15
FDIC resolution date
2011-04-15
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$182M
Deposits at failure
$612M
Assets at failure
$758M
Acquiring bank
ALOSTAR BANK OF COMMERCE (BIRMINGHAM, AL)