Superior Bank Closed By OTS; FDIC Appointed Receiver; NASDAQ Halts Trading

Superior Bancorp SUPR today announced that the Office of Thrift Supervision (the "OTS") closed its subsidiary bank, Superior Bank (the "Bank") on April 15, 2011, and appointed the Federal Deposit Insurance Corporation (the "FDIC") as receiver. The Corporation is no longer the parent of Superior Bank.
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