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

Fri. August 29, 2008; Posted: 06:55 AM
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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

About Form4Oracle

Form4Oracle, LLC specializes in distributing insider trading information published by the SEC, making it accessible and actionable for all types of investors. To learn more about how tracking insider trading activity can improve your investment returns, visit http://www.form4oracle.com.

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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The companies referenced in this report have not approved the statements made in this report. This report contains statements that imply risks and uncertainties. This material is for informational reporting purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Form4Oracle is not a licensed broker, broker dealer, market maker, investment banker, investment adviser, analyst or underwriter and is not compensated in this regard.

Please consult your broker to understand investing benefits and risks and prior to purchasing any securities mentioned herein.

CONTACT: Kimberly Sutton, on behalf of Form4Oracle Tel: +1 312 315 5077 e-mail: kimberly@form4oracle.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details for NXTY click here.

    


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