Superior Bancorp Article

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Superior Bancorp
Public ( NASDAQSUPR)
Industry Financial services
Founded1997 as The Banc Corporation
Headquarters Birmingham, Alabama, USA
Key people
C. Stanley Bailey, Chairman and CEO
ProductsRetail banking
Commercial banking
Mortgage
Investments
RevenueIncrease 193 million USD (2008)
Total assets3.3 billion USD (2010)
Number of employees
826 (2009)
Website www.SuperiorBank.com

Superior Bancorp, and its principal subsidiary Superior Bank, was a southeastern community thrift with approximately $3.2 billion in assets in 2010. The company was publicly held and had its corporate headquarters in Birmingham, Alabama. Superior was founded in 1997 as The Banc Corporation. Before its demise, the company stood as the second-largest community bank holding company in Alabama, behind Regions Financial Corporation, and third largest when including foreign-based, but locally headquartered, BBVA Compass. The company's corporate headquarters were located in the historic John A. Hand Building on 20th Street North in downtown Birmingham, which is named after former AmSouth Bancorporation president John A. Hand. Superior Bank had 73 branch locations including 38 in Alabama and 22 in Florida. Superior Bank was closed by FDIC on April 15, 2011. [1] The bank's branches and its assets were acquired by a newly created subsidiary of Community Bancorp, operating as Superior Bank N.A.

In October 2011 Superior Bank N.A. merger with Cadence Bank to form a stronger united southern bank.