Superior Bank To Take Part in Federal Bailout Plan

Birmingham, AL (WSFA) - One of the first banks to get a share of the government's financial bail-out is based in Alabama.

Superior Bancorp in Birmingham announced this week it sold 69-billion dollars in preferred stock to the U.S. Treasury. Superior is the state's third largest bank with branches in Opp, Andalusia and Uniontown.

Regions and Colonial Banks are also expected to receive a portion of the of the bailout.