BIRMINGHAM, Ala., Sept. 8 /PRNewswire-FirstCall/ -- Superior Bancorp
(Nasdaq: SUPR) and Superior Bank announced today that James A. White is
joining the company as its Executive Vice President & Chief Administrative
Officer, effective immediately. White's initial executive responsibilities
will include Financial Reporting, Managerial Accounting, Financial Planning
& Analysis, Asset Liability Management, Investment Portfolio Management,
Regulatory Relations and Investor Relations. In addition, he will serve as
a member of the company's executive committee.
White is a 37-year veteran of the banking industry, having served as
CFO and CEO of the First National Bank & Trust of Tulsa, as CFO of BOK
Financial Corporation and BankAtlantic Bancorp. He began his banking career
at NCNB Corporation. White retired from BankAtlantic in mid-2007.
Stan Bailey, Chairman and Chief Executive Officer of Superior, said,
"Jim White and I have been peers of each other for over 20 years. He brings
a wealth of experience to our organization that has undergone dramatic
growth during a period of considerable challenges in our financial markets.
These are the times when such leadership experiences are especially
valuable as the industry navigates through these challenges. We feel his
contributions will be meaningful and substantial to Superior."
White holds an undergraduate degree from Davidson College and received
an MBA with honors from the University of North Carolina. He also proudly
served his country as a Captain in the U.S. Army for five years. White's
family will be relocating to Birmingham in the near future.
About Superior Bancorp
Superior Bancorp is a $3.0 billion thrift holding company headquartered
in Birmingham, Alabama. The principal subsidiary of Superior Bancorp is
Superior Bank, a Southeastern community bank. Superior Bank has 76 branches
with 44 locations throughout the state of Alabama and 32 locations in
Florida. Superior Bank currently has two new branches planned for Alabama
during the remainder of 2008 in addition to the 22 that have opened since
September 2006.
Superior Bank operates 22 consumer finance offices in North Alabama as
1st Community Credit and Superior Financial Services.
Statements in this document that are not historical facts, including,
but not limited to, statements concerning future operations, results or
performance, are hereby identified as "forward-looking statements" for the
purpose of the safe harbor provided by Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933.
Superior Bancorp cautions that such "forward-looking statements," wherever
they occur in this document or in other statements attributable to Superior
Bancorp are necessarily estimates reflecting the judgment of Superior
Bancorp's senior management and involve a number of risks and uncertainties
that could cause actual results to differ materially from those suggested
by the "forward-looking statements." Such "forward-looking statements"
should, therefore, be considered in light of various important factors set
forth from time to time in Superior Bancorp's reports and registration
statements filed with the SEC. While it is impossible to list all such
factors that could affect the accuracy of such "forward-looking
statements," some of those factors include: general economic conditions,
especially in the Southeast; the performance of the capital markets;
changes in interest rates, yield curves and interest rate spread
relationships; changes in accounting and tax principles, policies or
guidelines; changes in legislation or regulatory requirements; changes in
the competitive environment in the markets served by Superior Bancorp;
changes in the loan portfolio and the deposit base of Superior Bancorp; and
the effects of natural disasters such as hurricanes.
Superior Bancorp disclaims any intent or obligation to update
"forward-looking statements."
More information on Superior Bancorp and its subsidiaries may be
obtained over the Internet, http://www.superiorbank.com .
SOURCE Superior Bancorp
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Related links: http://www.superiorbank.com
CONTACT: Tom Jung, Executive Vice President of Superior Bancorp, +1-205-327-3547
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