OAKBROOK TERRACE, IL-A $355-million infusion by the Pritzker family of Chicago and New York real estate developer Alvin Dworman was not enough to save Superior Bank, FSB. The by Office of Thrift Supervision closed the bank Friday, and the Federal Deposit Insurance Corp. reopened it today as New Superior.

“Our goal is to have this institution back in private hands before year’s end,” says Acting FDIC Chairman John Reich.

Superior Bank had about $42.9 million of potentially uninsured deposits held by approximately 1,000 depositors when it was closed. FDIC will provide a $1.5 billion line of credit to New Superior to support continued banking operations.

The bank grew rapidly by specializing in subprime home equity loans but ran into trouble recently with auto loans and high marketing costs. The bank has assets of $2.3 billion and total deposits of $1.6 billion.

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