The Graveyard › Banks › 2001

Superior Bank FSB

Hinsdale, IL · failed July 27, 2001 · FDIC certificate 32646

Superior Bank FSB of Hinsdale, IL failed on July 27, 2001. It opened on December 30, 1988, 12 years before. At its last report before that it held $1.8 billion in assets and $1.6 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2000, it held $2.3 billion. The FDIC estimates that the Savings Association Insurance Fund lost $286.7 million on it.

1988-122001-06

Assets at the end$1.8 billionlast report before July 27, 2001

Deposits at the end$1.6 billion

Estimated loss to the fund$286.7 millionSAIF

Largest in the quarterly reports$2.3 billionMarch 31, 2000

Equity to assets-11.2%June 30, 2001

Loans not being repaid2.6%noncurrent, June 30, 2001

Return on assets-10.47%a year's rate, June 30, 2001

Staff1,266full time, June 30, 2001

On the FDIC's list: SUPERIOR BANK, FSB.

Could you have seen it coming? Play Dot-com

Also ended in 2001

SINCLAIR NATIONAL BANK · Gravette, AR · $29.8 million in assets
First Alliance Bank and Trust Co · Manchester, NH · $17.4 million in assets
The Malta National Bank · Malta, OH · $9.1 million in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.