Data / Bank failures / 2001 / Superior Bank, FSB
Superior Bank, FSB, Hinsdale, IL: failed July 27, 2001
Superior Bank, FSB in Hinsdale, Illinois, failed on July 27, 2001. Charter One Bank, FSB of Cleveland, OH, took over its deposits. It held $1.77 billion in assets and $1.61 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $286.7 million (16.2% of its assets). By assets it was the largest of 4 banks closed or assisted in 2001.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- July 27, 2001
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Charter One Bank, FSB, Cleveland, OH
- Total assets
- $1,765,455,000
- Total deposits
- $1,609,501,000
- Estimated cost to the FDIC
- $286,672,947 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- SAIF
- FDIC certificate
- 32646
Other bank failures in Illinois, 1999 to 2003
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Universal FSB | Chicago | June 27, 2002 | $51.6 million | $40.3 million | $274,452 | Chicago Community Bank |
| National State Bank of Metropolis | Metropolis | December 14, 2000 | $90.4 million | $71.3 million | $2.7 million | Banterra Bank |
All bank failures in 2001 · All bank failures in Illinois · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.