Information for Superior Bank, FSB, Hinsdale, IL
- Introduction
- Press Release
- Acquiring Financial Institution
- Priority of Claims
- Dividend Information
- Receivership Termination
I. Introduction
On July 27, 2001, Superior Bank, FSB of Hinsdale, IL was closed by Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (多宝游戏下载) was named Receiver. As Receiver, the 多宝游戏下载 is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.
The 多宝游戏下载, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership is deemed terminated.
II. Press Release
The 多宝游戏下载 has issued a press release about the institution's closure. If you represent a media outlet and would like information about the closure, please contact the 多宝游戏下载 Public Affairs Office at (202) 898-6993.
III. Acquiring Financial Institution
On July 27, 2001, all insured deposit accounts were transferred to Superior Federal, FSB (New Superior), Hinsdale, IL ("assuming institution") a new 多宝游戏下载 insured Federal mutual savings bank. The OTS appointed the 多宝游戏下载 conservator of New Superior. On November 19, 2001, all deposits and all branch offices of New Superior were transferred to Charter One Bank, FSB, Cleveland, OH. All accounts will be available as usual during regular business hours.
These transferred deposits will be separately insured from any accounts you may already have at Charter One Bank, FSB for six months after the transfer. Checks that were drawn on New Superior that did not clear before the institution closed will be honored. If you have questions about your account(s) transferred to the assuming bank, you may speak to an 多宝游戏下载 representative by calling 1-800-430-8098.
For general questions about 多宝游戏下载 deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the 多宝游戏下载's Electronic Deposit Insurance Estimator.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Charter One Bank, FSB (as long as the deposits are not pledged as collateral for loans). As of September 1, 2007 Citizens Bank, National Association, Providence, RI became the successor to Charter One Bank. You may view more information about Citizens Bank by visiting their web site.
Citizens Bank (www.citizensbank.com)
VIII. Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
- Depositors
- General Unsecured Creditors
- Subordinated Debt
- Stockholders
IX. Dividend Information
VI. Receivership Termination
The 多宝游戏下载 as Receiver for Superior Bank, FSB of Hinsdale, IL has taken all actions necessary to terminate the Receivership Estate.
The Receiver published a legal notice of intent to terminate the receivership in the Federal Register on August 22, 2011.
The Receiver has made all dividend distributions required by law.
Effective July 1, 2014, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.