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Press Release

NEXITY BANK STRENGTHENS CORRESPONDENT TEAM WITH TWO HIRES IN SOUTH CAROLINA AND NORTH CAROLINA

FOR IMMEDIATE RELEASE
January 5, 2005

Birmingham, AL, January 5, 2005 – Birmingham, AL – Nexity Bank announces the addition of Michael W. Hambrick as Senior Vice President/Correspondent Sales and Charles E. Williams, III as Senior Vice President/Investments to our correspondent sales teams in South Carolina and North Carolina.

Greg Lee, Chairman and Chief Executive Officer of Nexity Bank, says “the addition of Mike and Charlie to our correspondent team gives us the ability to further meet the needs of our current and future clients in the South Carolina and North Carolina markets. Along with our lending team in these markets, led by Wayne Wicker, this team has an extensive understanding of the operational, investment and lending needs of community banks.”

Mike Hambrick has over 25 years experience in working with community banks in financial consulting and fixed income security sales and, most recently, served as chief financial officer for a $290 million community bank in South Carolina. Hambrick began his career with South Carolina National Bank and was a founding partner in First South Carolina Securities in Columbia, SC in 1985. He has an extensive knowledge of the correspondent needs of community banks from the perspective of both a provider and a user of correspondent services.

Charlie Williams has 23 years experience in the financial services industry, spending the majority of his time in fixed income security sales. He began his career with Wachovia Corporation in Winston-Salem, NC in 1981 and joined the Bond and Money Market Group in 1987. Most recently, Williams served as Vice President, Institutional Fixed Income Sales for Legg Mason in Winston-Salem. He has a solid knowledge of asset/liability management and the investment needs of community banks.

Nexity Bank is a $620 million wholesale commercial bank offering correspondent banking products to banks in the South from Texas to Virginia. Headquartered in Birmingham, Alabama, Nexity has loan production and correspondent sales offices in Atlanta, Georgia, Myrtle Beach, South Carolina, Pensacola, Florida, Dallas, Texas and Winston-Salem, North Carolina. For a complete list of correspondent services, please visit us at cbs.nexitybank.com.

CONTACT: David Long, President, Nexity Bank, 205-298-6391.



P.O. Box 43600
Birmingham, AL 35243-3600
Phone: (205) 298-6391
Site contents Copyright 2002 Nexity Financial Corp.
Toll Free: 1-877-738-6391
Fax: (205) 298-6395