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 History:
Established in 1968 as Peoples State 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
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2011 FDIC Insured Failed Banks | |
Nexity Bank 3680 Grandview Parkway, Suite 200 Birmingham, AL 35243 |
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Established |
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Cost to FDIC: $ 175 million | |
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© 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES |