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| Nexity
Financial Corporation Announces Initial Public Offering
FOR IMMEDIATE RELEASE
SEPTEMBER 21, 2005
(Birmingham, AL)- Nexity Financial Corporation,
a $678 Million Financial Institution based in Birmingham,
AL, today announced it has completed an
initial public offering of its common stock. Raymond James
conducted the offering in which the company sold 1,500,000
at $16.00 per share. Nexity's shares will trade on NASDAQ
under the symbol NXTY. Nexity CEO Greg Lee said, "
this offering raised additional capital to support our
future growth
and also provides our shareholders with a more liquid market
for their stock."
About Nexity Bank
Nexity Bank is a $700 million commercial bank offering
deposit products nationwide consisting of money markets,
checking accounts and online access. Nexity Bank generates
the majority of its revenue 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.
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