BIRMINGHAM, AL -- Superior Bancorp (NASDAQ:SUPR) announced today that George Hall will assume the responsibilities as President of Superior Bank-Florida. Hall has 23 years' banking experience and most recently served as Superior's Chief Banking Officer. Prior to joining Superior in 2002, Hall spent 12 years in senior- level positions with both First NH Bank and Compass Bank. While at Compass, Hall was the President and CEO of its New Mexico operation and was credited with leading the establishment of that franchise.
Joining George Hall will be Ken Pomeroy, who will serve as Superior's Tampa President, and David Biliter, who has joined Superior as the Retail Banking Executive in Tampa. Pomeroy has more than 20 years' experience and has been with Superior Bank since 2000. Most recently, Pomeroy has served as the commercial real estate Line of Business Manager for Superior, where he was successful in building a strong customer base in the Tampa area. Prior to joining Superior, Pomeroy spent the majority of his career with Compass Bank in several senior leadership positions. Biliter was most recently with AmSouth Bank, where he was the Tampa area investment sales manager. Biliter has over 20 years' financial services experience and previously worked with Superior's current leadership team in their successful operation of a community thrift holding company in Arkansas.
Stan Bailey, Chief Executive Officer, commented, "Tampa is one of the most vibrant and dynamic markets in the Southeast and will be our largest market, so we are sending two of our most senior bankers to lead Superior's efforts there. Our success in Florida is critical to our future, and I am confident that George will provide the leadership and local decisionmaking that will differentiate us from our competitors and establish Superior as the bank of choice. We have been fortunate to have a strong management team running our Northwest Florida region for the last several years. Under the leadership of Shannon Maddox, Brad Cole, Lennie Butler and Jason Gilmore, we have been able to build a strong operation in that area. We fully expect Superior Bank will become known in all of our Florida markets for its superior people delivering superior products that will generate superior value for its customers and shareholders."
About Superior Bancorp
Superior Bancorp is a $1.8 billion thrift holding company headquartered in Birmingham, Alabama. The principal subsidiary of Superior Bancorp is Superior Bank, a southeastern community federal savings bank. Superior Bank has 39 branches, with 19 locations throughout the state of Alabama and 20 locations in Florida. Superior Bank also has loan production offices in Montgomery, Alabama and Tallahassee and Panama City, Florida.
Upon completion of its previously announced merger with Community Bancshares, Inc., Superior Bank will become a $2.4 billion community bank with 56 banking offices from Huntsville, Alabama to Tampa, Florida. In addition, Superior Bank currently has 16 new branches planned for Northeast Alabama and Florida during 2006 and 2007. Superior will also operate 21 consumer finance offices in Northeast Alabama as First Community Credit and Superior Financial Services.
Additional Information
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/ or by calling 1-877-326-BANK(2265).
First Call Analyst:
FCMN Contact: tom.jung@superiorbank.com
Source: Superior Bancorp
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CONTACT: Tom Jung of Superior Bancorp, +1-205-327-3547
Web site: http://www.superiorbank.com/
About This Release
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