Data / Bank failures / 2011 / Superior Bank
Superior Bank, Birmingham, AL: failed April 15, 2011
Superior Bank in Birmingham, Alabama, failed on April 15, 2011. Superior Bank, N.A. of Tampa, FL, took over its deposits. It held $2.98 billion in assets and $2.74 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $281.2 million (9.4% of its assets). By assets it was the largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- April 15, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Superior Bank, N.A., Tampa, FL
- Total assets
- $2,977,290,000
- Total deposits
- $2,736,201,000
- Estimated cost to the FDIC
- $281,198,056 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 17750
Other bank failures in Alabama, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alabama Trust Bank, National Association | Sylacauga | May 18, 2012 | $51.6 million | $45.1 million | $10.7 million | Southern States Bank |
| Nexity Bank | Birmingham | April 15, 2011 | $757.6 million | $611.7 million | $182 million | Alostar Bank of Commerce |
| First Lowndes Bank | Fort Deposit | March 19, 2010 | $137.2 million | $131.1 million | $11.7 million | First Citizens Bank |
| New South Federal Savings Bank | Irondale | December 18, 2009 | $1.46 billion | $1.16 billion | $311.6 million | Beal Bank |
| Capitalsouth Bank | Birmingham | August 21, 2009 | $586.6 million | $539.4 million | $126.3 million | Iberiabank |
| Colonial Bank | Montgomery | August 14, 2009 | $25.46 billion | $20.07 billion | $2.37 billion | BB&T |
All bank failures in 2011 · All bank failures in Alabama · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.