Superior question: What part did Pritzkers play?
Tags: SUPERIOR Bank (Company); BANK failures
Related Articles
- The Superior Bank Failure Model: Partnering with the Government. Vartanian, Thomas P. // American Banker;8/2/2002, Vol. 167 Issue 147, p6
Reports on the failure of Superior Bank on July 27, 2001. Cost of the failure to the Savings Association Insurance Fund, according to projections by the Federal Deposit Insurance Corp.(FDIC); Direct financial incentive of owners to help the FDIC make a case against the auditors; Criteria to...
- Meter running on Superior bailout. Strahler, Steven R. // Crain's Chicago Business;8/6/2001, Vol. 24 Issue 32, p3
Reports the financial failure of Superior Bank FSB, owned by Pritzker family in Chicago, Illinois. Factors affecting the bank failure; Impact of the residual values on the loans; Problems on cost-cutting of the budget of Superior; Partners of the bank.
- FDIC Says Thrift Seizure Preferable to a Fire Sale. Blackwell, Rob; Jackson, Ben // American Banker;8/1/2001, Vol. 166 Issue 147, p1
Reports on the United States Federal Deposit Insurance Corp.'s defense for its decision to take control of the Superior Bank FSB in Hinsdale, Illinois. Collapse of planned bailout of the planned thrift; Absence of time to pursue alternatives; Agency's capacity to sell pieces of the bank to...
- Congress Deserves Blame For Superior Bank's Failure. Byrne, Alfred J. T. // American Banker;8/3/2001, Vol. 166 Issue 149, p12
Comments on the fault of the United States Congress for the failure of Superior Bank. Role played by the legislature in fostering the bank's mismanagement; Effect of switching deposit insurance liability at the bank.
- OTS Reply: FDIC Knew Superior's Condition. Garver, Rob // American Banker;8/21/2001, Vol. 166 Issue 161, p1
Reports on the criticisms against the United States Office of Thrift Supervision about its handling of the failure of Superior Bank. Criticisms made by the Federal Deposit Insurance Corp.; Resolution of the thrift's assets.
- Comment. Reich, John // American Banker;8/21/2001, Vol. 166 Issue 161, p4
Reports that the United States Federal Deposit Insurance Corp. has taken over Superior Bank as its conservator. Factors that caused the failure of the thrift institution; Poor management and internal controls; Faulty accounting opinions.
- Sarbanes: Is Warning System Working? Blackwell, Rob // American Banker;8/3/2001, Vol. 166 Issue 149, p1
Reports that United States Senate Banking Committee Chairman Paul Sarbanes called for a prompt investigation of the failure of Superior Bank. Concerns over the failure's cost to the deposit insurance system; Preparations for hearings on the bank's failure.
- Bank Regulation: Analysis of the Failure of Superior Bank, FSB, Hinsdale, Illinois: GAO-02-419T. // GAO Reports;2/7/2002, p1
The Federal Deposit Insurance Corporation (FDIC) has projected that the failure of Superior Bank could cost the deposit insurance fund as much as $526 million. A major reason for the failure was Superior Bank's business strategy of originating and securing subprime loans on a large scale. In...
- A Company Built to Buy Can Now Take a Breather. Barba, Robert // American Banker;4/26/2011, Vol. 176 Issue 64, p1
The article reports on Community Bancorp LLC which purchased Cadence Financial Corp. and Superior Bank from the Federal Deposit Insurance Corp. Financial information is given about Community Bancorp which was established in 2009 to take over distressed banks in the U.S. How Community Bancorp...
