Superior Bancorp — BrandWiki

Superior Bancorp

Overview

Superior Bancorp

fate	Bank failure; acquired by Cadence Bank
foundation	1997
defunct	April 15, 2011
location	Birmingham, Alabama
key people	C. Stanley Bailey, Chairman and CEO<BR>James A. White, CFO
industry	Banking
net income	-$0.019 billion (2009)
assets	$3.221 billion (2009)
equity	$0.191 billion (2009)
num employees	828 (2009)
footnotes	‡R1R‡

Superior Bancorp was a bank holding company for Superior Bank, headquartered in Birmingham, Alabama. It had 73 branches in Alabama and Florida. In April 2011, it suffered from bank failure and its assets were acquired by an affiliate of Cadence Bank.

History

The company was founded in 1997.[1]

In December 1998, the company became a public company via an initial public offering.[1]

On April 15, 2011, Superior Bank suffered from bank failure and its assets were acquired by an affiliate of Cadence Bank in a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).[2]