SOFTWARE INTEGRATION KEY TO SUCCESS OF INTERNET-ONLY BANK
Nexity Bank Values Partnership With ITI

FOR IMMEDIATE RELEASE
September 24, 2001

LINCOLN, Neb. - Nexity Bank, one of the nation's few Internet-only financial institutions, credits integrated software from Information Technology, Inc. (ITI) for much of its success in generating new accounts. "With ITI, you have a best-of-breed company that provides smooth, seamless integration of data and applications along with the scalability needed to handle our rapid growth," explains David Long, President of Nexity Bank (www.nexitybank.com). "You can always find a piece of software, or have something written, that will do some specific task for you. But if the many parts of your system aren't completely integrated, you're just wasting time and money. That's what sets ITI apart from its competitors."

Nexity Bank had already teamed with ITI when it opened for business in February of 2000. In the 19 months since, the virtual bank, based in Birmingham, Ala., has signed up more than 13,000 customers from all 50 states and secured deposits in excess of $290 million. "Easy access and a wide array of banking services are the keys to online banking appeal," says Long. "Much of our growth can be attributed to the way the ITI platform assists customers by enhancing their banking experience."

ITI provides the entire suite of software solutions used by Nexity, including the Internet banking component, back office processing, customer account activation, and ATM and account processing. "By taking advantage of e-distribution for financial products and services, we can efficiently capture customer data, which enables real-time automated account setup and streamlined overall processing," says Long.

Long believes e-commerce is a delivery system that allows businesses to be more efficient, creative and attuned to customers' desires and needs. "ITI excels in this arena. They are there not only for today's needs, but for future needs as well. They are constantly developing cutting-edge software for the financial industry - that's what brought us to ITI."

ITI president and CEO, Mike Young, says continued success calls for deliberate, constant renewal and refinement, "Progressive institutions like Nexity are the reason we work so hard to stay ahead of the technological curve. Their success is our success."