How do I Invest?
What is a binding subscription?
How do I determine the amount of my subscription payment?
What is an Escrow Agent?
Is an investment in BankBlackwell common stock FDIC-insured?

How do I Invest?

If you are interested in investing in the Bank, download and carefully read a copy of the Bank’s Offering Circular. Next, you should submit a binding subscription by completing a Subscription Form and following the subscription instructions located in the Subscribe to Invest section of this website. Your completed Subscription Agreement and Form W-9 must be accompanied by a payment (subscription price) for the shares for which you are subscribing. You should deliver your Subscription Agreement, Form W-9 and check payable to Nexity Bank, as Escrow Agent, by mail or courier to: Nexity Bank, 3500 Blue Lake Drive, Suite 330, Birmingham, AL 35243. Nexity Bank is an FDIC-insured bank. Your check will be deposited in a special interest bearing escrow account at Nexity Bank. Your funds will not be released or drawn upon until the successful completion of the stock sale. If for any reason the Bank fails to open as planned, all your funds and accrued interest will be returned to you. For additional information, see the Subscription Procedure section of the Bank’s Offering Circular.

What is a binding subscription?

A binding subscription is an agreement to purchase securities in a new issue at a specified price. The agreement is evidenced by a Subscription Agreement, which, among other things, sets forth the name of the investor, the number of shares the investor agrees to purchase and the price per share. For additional information, see the How To Subscribe section of the Bank’s Offering Circular.

How do I determine the amount of my subscription payment?

If you subscribe for up to 1,000 shares, the total subscription price (Number of shares x $10.00 per share) must be paid contemporaneously with delivery of your completed Subscription Agreement. If you subscribe for more than 1,000 shares, then you will be required to deliver with your completed Subscription Agreement an amount equal to (a) the full purchase price for the first 1,000 shares and (b) 20% of the purchase price for subscribed shares in excess of 1,000. For example, if you subscribe for 2,500 shares, your Subscription Agreement should be accompanied by payment for $13,000 (the full purchase price of $10,000 for the first 1,000 shares, plus 20% of the $15,000 purchase price for the balance of 1,500 shares).

If we have accepted a subscription for which you have made a partial payment, we will, upon scheduling a closing date for this offering, notify you of the closing date at least ten business days and no more than thirty calendar days before the closing date. You will be obligated to deliver the balance of the subscription price to us no later than five business days before the closing date. If you fail to pay the balance of the subscription price at the time it is due, we may, in our sole discretion, either (a) cancel the entire subscription and return the initial partial payment to you or (b) reduce the number of shares for which you subscribed to the maximum number of whole shares that could be purchased with the amount of the initial partial payment.

What is an Escrow Agent?

An Escrow Agent is a fiduciary that manages an escrow account opened for the benefit of investors. All subscription proceeds will be deposited in an interest-bearing fiduciary escrow account opened for the benefit of the investors by Nexity Bank. Nexity Bank is an FDIC-insured bank located in Birmingham, Alabama. The sale of shares being offered will not be completed, and the subscription deposits will not be released to the Bank, until we have obtained all regulatory approvals necessary to commence banking operations and have satisfied all terms and condition of the offering. For additional information, see the Escrow Account section of the Offering Circular.

Is an investment in BankBlackwell common stock FDIC-insured?

Like any investment in common stock, investments in the Bank’s common stock are not insured by the FDIC. Investments are speculative and involve a high degree of risk. Before investing, you should educate yourself about the Bank by reading its Offering Circular.