Fact Sheet

Bailout Bank Bio: Superior Bancorp

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August 06, 2009
Programs: Budget & Tax

Superior Bancorp operates as a holding company for Superior Bank that offers banking and related services. It offers a range of retail and small business services, including noninterest-bearing and interest-bearing checking, savings, and money market accounts, negotiable order of withdrawal accounts, certificates of deposit, and individual retirement accounts. The company also offers various consumer, small business, residential real estate, and commercial real estate loan products. In addition, it provides various financial services, including annuities, automated teller machines, debit cards, credit-related life and disability insurance, safety deposit boxes, Internet banking, bill payment, and telephone banking. As of December 31, 2007, Superior Bancorp operated 72 locations in Alabama and Florida, as well as 22 consumer finance offices in North Alabama. The company was founded in 1997 and is headquartered in Birmingham, Alabama.

In December the company began participating in the Treasury Department’s
Capital Purchase Program. Under the program the company received $69 million from Treasury in exchange for shares of preferred stock. 

 
Federal Equity Investment
 
Total Revenue

$193.1 million (2008)
$191.3 million (2007)

 
Net Income

($163.2 million) (2008)
$7.6 million (2007)

 
Number of Employees
826
 
Corporate Headquarters

Birmingham, Alabama

 
Business Sector
Bank
 
Officers and Directors

Scott, C. Marvin, President, Director
Bailey, C. Stanley, Chairman of the Board, CEO

Other Officers and Directors

 
Corporate Website
 
Executive Compensation
  
 

►Financial Documents

2009-03-31 10Q
 
2009-01-22 S3
 
2009-01-02 S3
 
2008-12-31 10K
 
2008-12-08 TARP Announcement
 
2008-12-05 8K
 
2008 Proxy
 
2008-09-30 10Q
 
2007 10K

2007 Annual Report
 

Federal contracts

No federal contracts located.
 
 

Lobbying reports

No lobbying reports located.
 

Political Contributions

political contributions 
 

Related Articles
 
No related articles located.
 
 

 
Last updated May 22, 2009

 

 

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