Nexity Bank
Birmingham, AL · Owner: Nexity Financial Corp
$758M
total assets, March 31, 2011
$758M
total assets, March 31, 2011
Nexity Bank was a state nonmember bank in Birmingham, AL, owned by Nexity Financial Corp. It failed on Apr 15, 2011, and Alostar Bank Of Commerce took over its deposits. At its last report it held $757.6 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2011
This bank failed
- Failed on
- Apr 15, 2011
- Assets
- $758M
- Deposits
- $612M
- Estimated cost
- $182M
- Deposits went to
- Alostar Bank Of Commerce, Birmingham, AL
Total assets
$758M
-20.1% in a year · -4.6% in a quarter
Deposits
$612M
-19.8% in a year · -4.1% in a quarter
Loans
$346M
-29.2% in a year · -3.8% in a quarter
Profit so far
-$5.7M
Jan 1 to Mar 31, 2011
Capital ratio
0.06%
-2.59 pts in a year
Return on assets
-2.94%
-2.38 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3680 Grandview Parkway, Suite 200, Birmingham, AL, 35243
- County
- Jefferson
- Holding company
- Nexity Financial Corp
- Established
- Feb 22, 1968
- Failed
- Apr 15, 2011
- Employees
- 76
- Branches
- 1
- Id
- b19794
Quarter by quarter
March 31, 1984 to March 31, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Nexity Bank?
$757.6 million in total assets and $611.7 million in deposits as of March 31, 2011, with assets down 20.1% from a year before. Its loans were $346.5 million.
How many branches does Nexity Bank have?
1 branch in Alabama as of June 30, 2026.
Is Nexity Bank profitable?
No: it lost $5.70 million from January 1 to March 31, 2011. Its return on assets was -2.94% a year; about 1% is typical.
Who owns Nexity Bank?
Nexity Bank is owned by Nexity Financial Corp, its holding company.
When did Nexity Bank fail?
Apr 15, 2011. Alostar Bank Of Commerce of Birmingham, AL took over its deposits. The estimated cost of the failure was $182.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.