Form 4 Oracle: Boston, MA -- Form4Oracle: Insider Trading Report: Nexity Financial Corp (NXTY)

Aug 29, 2008 (M2 PRESSWIRE via COMTEX) -- NXTY | Quote | Chart | News | PowerRating -- As the stock was trading at less than 50 percent of its 52-week high, Lee Greg L, CEO at Nexity Financial Corp (NXTY) has reported buying $120.00K today.Over the last four weeks insiders at Nexity Financial Corp (NXTY) have bought more than $198.78K:

- Lee Greg L, CEO: bought $120.00K increasing total holdings by 46%

- Looper Tommy E, Director: bought $53.25K increasing total holdings by 83%

- Long David E, President: bought $4.53K increasing total holdings by 2%

- Thornton William L III, Director: bought $20.99K increasing total holdings by 9%

For a current, real-time summary of NXTY insider activity, visit http://www.form4oracle.com/company?cik=0001084727&ticker=NXTY

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About Nexity Financial Corp

Nexity Financial Corporation operates as the holding company for Nexity Bank that provides commercial banking services to community banks, consumers, and small businesses in the United States. The company primarily engages in generating deposits and originating loans. Its deposit products include noninterest-bearing demand deposits, interest-bearing checking, money market accounts, savings accounts, brokered deposits, and time deposits. The company's lending activities comprise real estate construction, commercial real estate, installment loans to individuals, home equity lines of credit, and lease financing receivables. It also provides investment services to community banks, including fixed income securities sales, investment portfolio management services, bond accounting and safekeeping, and asset/liability management services, as well as clearing and cash management, and Internet banking services. Nexity Financial Corporation operates through correspondent banking offices in Atlanta, Georgia; Myrtle Beach and Columbia, South Carolina; Dallas, Texas; Orlando, Florida; Milwaukee, Wisconsin; and Charlotte and Raleigh, North Carolina. The company was founded in 1999 and is headquartered in Birmingham, Alabama.

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