Bank failure · IL

Superior Bank, FSB (Hinsdale, IL) — failed July 27, 2001

Superior Bank, FSB of Hinsdale, Illinois was closed on July 27, 2001 and resolved through a purchase and assumption (insured deposits). Charter One Bank, FSB (OH) took over its insured deposits. At failure it held $1.8B in assets and $1.6B in deposits. The FDIC's estimated loss on the failure is $286.7M (16.2% of assets).