Nexity Financial will boost capital under orders

WASHINGTON, June 10 | Wed Jun 10, 2009 3:00pm EDT

WASHINGTON, June 10 (Reuters) - Nexity Financial Corp. has agreed to freeze dividend payments and boost its capital reserves under an agreement with regulators, the Federal Reserve said on Wednesday.

The bank holding company based in Birmingham, Alabama, and which is known to consumers as Nexity Bank, said it has "consented" to the remediation plan.

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