Data / Bank failures / 2011 / Nexity Bank
Nexity Bank, Birmingham, AL: failed April 15, 2011
Nexity Bank in Birmingham, Alabama, failed on April 15, 2011. Alostar Bank of Commerce of Birmingham, AL, took over its deposits. It held $757.6 million in assets and $611.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $182 million (24% of its assets). By assets it was the 12th largest of 92 banks closed or assisted in 2011.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- April 15, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Alostar Bank of Commerce, Birmingham, AL
- Total assets
- $757,574,000
- Total deposits
- $611,681,000
- Estimated cost to the FDIC
- $182,002,207 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 19794
Other bank failures in Alabama, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alabama Trust Bank, National Association | Sylacauga | May 18, 2012 | $51.6 million | $45.1 million | $10.7 million | Southern States Bank |
| Superior Bank | Birmingham | April 15, 2011 | $2.98 billion | $2.74 billion | $281.2 million | Superior Bank, N.A. |
| First Lowndes Bank | Fort Deposit | March 19, 2010 | $137.2 million | $131.1 million | $11.7 million | First Citizens Bank |
| New South Federal Savings Bank | Irondale | December 18, 2009 | $1.46 billion | $1.16 billion | $311.6 million | Beal Bank |
| Capitalsouth Bank | Birmingham | August 21, 2009 | $586.6 million | $539.4 million | $126.3 million | Iberiabank |
| Colonial Bank | Montgomery | August 14, 2009 | $25.46 billion | $20.07 billion | $2.37 billion | BB&T |
All bank failures in 2011 · All bank failures in Alabama · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.