Failed Bank List: Claim an FDIC Insured Account or CD at a Failed Bank

Nexity Bank - Birmingham, AL

AL search for unclaimed money. Find a missing CD or lost bank account

Alabama search for unclaimed funds. Find a missing CD or unclaimed bank account

Unclaimed bank account, lost safe deposit box and missing CD search - Alabama

April 15, 2011: Nexity Bank, Birmingham, AL was closed by the State of Alabama Banking Department. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, excluding the Cede & Co. deposits, have been transferred to AloStar Bank of Commerce, Birmingham, Aabama; a new institution established to acquire the assets and assume the deposits of Nexity Bank.

AloStar Bank of Commerce
3680 Grandview Parkway, Suite 200
Birmingham, AL 35243

History:

Established in 1968 as Peoples State Bank
Changed name to Nexity Bank

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Assets and Missing Money Search

 

 

 

2011 FDIC Insured Failed Banks
 
 
 
 
Nexity Bank
3680 Grandview Parkway, Suite 200
Birmingham, AL 35243

 
 

Established
as
Peoples State Bank
 

 
 
 
 
Cost to FDIC: $ 175 million

 

 
 

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