Nexity Financial Corporation (NASDAQ: NXTY), an $891 million Financial Institution based in Birmingham, AL, has formed Nexity Financial Services, Inc., in order to provide Wealth Management Services to its correspondent banks. The formation of this wealth management subsidiary distinguishes Nexity as the only correspondent bank to offer such services to its community bank clients. Nexity CEO Greg Lee said, ?Offering comprehensive wealth management resources will enable our banks to leverage their strong customer relationships to directly compete with the major banks and brokerage firms in their respective communities."

Nexity has hired Will Mackey, a 15-year veteran of the retail distribution channel of the securities industry, to head the new entity. Mr. Mackey has worked as a financial advisor, wholesaler, recruiter and most recently as the National Sales Manager of a wealth management division for a multi-bank holding company.

Nexity Financial Services expects to file its broker dealer application with the NASD by the end of March.

About Nexity Financial Corporation

Nexity Financial Corporation is an $891 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.