Bank failure · AL
Superior Bank (Birmingham, AL) — failed April 15, 2011
Superior Bank of Birmingham, Alabama was closed on April 15, 2011 and resolved through a purchase and assumption. Superior Bank, N.A. (FL) took over its insured deposits. At failure it held $3.0B in assets and $2.7B in deposits. The FDIC's estimated loss on the failure is $281.2M (9.4% of assets).
- Closing date
- April 15, 2011
- FDIC certificate #
- 17750
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Superior Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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