NEXITY BANK ANNOUNCES AN ADDITION TO ITS BOARD OF DIRECTORS

FOR IMMEDIATE RELEASE
November 15, 2002

(Birmingham, AL) - Nexity Financial Corporation is pleased to announce the addition of William L. Thornton, III to its Board of Directors. Mr. Thornton is the President of Thornton Construction Company, which is headquartered in Birmingham and is one of the largest homebuilders in Alabama. Mr. Thornton is also actively involved as a principal in various other commercial and residential developments in North Alabama.
"We are delighted to have someone with Bill’s background and expertise join our Board," said Greg Lee, Chairman and CEO of Nexity Bank, "I have known Bill for many years and indeed feel fortunate that he has made the commitment to serve as a Director of our Board."

About Nexity Bank

Nexity Bank is a $405 million wholesale commercial bank offering deposit products nationwide consisting of money markets, checking accounts and online access. Nexity Bank generates the majority of its income through wholesale correspondent banking activities. Nexity Bank is headquartered in Birmingham, Alabama. Customer Service Representatives can be reached at 1-877-738-6391. To learn more about Nexity Bank please visit www.nexitybank.com.