NEXITY BANK - GOING STRONG!

FOR IMMEDIATE RELEASE
February 11, 2002

(Birmingham, AL) - Nexity Bank, member FDIC and Equal Housing Lender, has surpassed $360 million in assets, according to Nexity Bank CEO, Greg Lee. The Bank began taking deposits in February 2000, and in 24 months has established over 12,000 customer relationships from all 50 states. The bank became profitable on a monthly basis after only its 18th month of operations and continues to exceed original expectations.

Greg Lee, CEO of Nexity Bank states, "Our customers are the biggest asset we have. Their enthusiastic support and loyalty has allowed Nexity to surpass its initial forecasts." Nexity Bank surveyed its customers to measure overall satisfaction with Nexity Bank. The survey concluded that on a scale from (1) lowest to (10) highest, 82 percent of respondents answered with an (8) or higher for total satisfaction.

According to David Long, president of Nexity Bank, there is an excitement in the air at Nexity Bank. Each employee believes in the principles and values of Nexity Bank and this belief is transferred to the attitude of Nexity customers. "The customer is the first priority and our actions will consistently reflect this," said Long. Long continued to say that year 2002 will be even more exciting for Nexity Bank customers with the addition of an enhanced website and additional product offerings to add to Nexity's already impressive product mix. Nexity added brokerage services to their selection of products offered in the Fall 2001.

Nexity Bank continues to define convenience in banking while offering attractive yields. Nexity's product mix consists of Money Market accounts, Certificates of Deposit, Interest Checking accounts, Home Equity Lines and Home Equity Loans, Brokerage Services, ATM/Debit Cards and more. Other benefits of banking at Nexity include real time transactions of ATM/Debit Cards, online presentment of daily and monthly statements, and front/back check images available online.

Nexity Bank believes in convenient banking with great rates. Nexity Bank is headquartered in Birmingham, Alabama. Customer service representatives can be reached at 877.738.6391 or online at www.nexitybank.com