Archive for April 2011
Decatur, Ala. – The residents of Old Decatur and Albany Historic Districts open their gardens for tours each year sharing their love for nature and gardening with the general public. From shaded to sunny and formal to eclectic, these gardens offer ideas and inspiration. The garden tour is from 2 p.m. until 5 p.m. on Sunday, May 8, 2011 and the participating gardens are identified by tour signs in the front yard.
The city of Decatur is unique in that it has two separate historic districts both of which are listed in the National Register of Historical Places. Combined, the Old Decatur and New Albany Historic Districts represents one of the finest and largest collections of Victorian and earlier 20th century craftsman and bungalow homes in Alabama . The homes date back, in some instances, to the early 1800s, while most were constructed around the turn of the 20th century. Homes and gardens in the historic districts are not normally open for public viewing except when a select number open their doors and gardens during the Spring Garden Tour and annual Historic Decatur Christmas Tour.
The tour is free and self-guided. A walking/driving tour map of the historic districts is available from the Decatur-Morgan County Convention & Visitors Bureau located at 719 6th Avenue SE in Decatur. For more information on the Spring Garden Tour, contact the Decatur-Morgan County Convention & Visitors Bureau at 800.524.6181 or 256.350.2028.
About The Decatur-Morgan County Convention & Visitors Bureau (DMCCVB)
The Decatur-Morgan County Convention & Visitors Bureau is a not-for-profit organization promoting tourism and economic growth in Morgan County . For information on special events and attractions in Decatur , contact the DMCCVB at 800.524.6181 or 256.350.2028; or visit its website at http://www.decaturcvb.org and click on the “Things to Do” link.
Celebrate Earth Day 2011 with the planting of a tree. Lowe’s is celebrating Earth Day by giving away 1 million FREE trees. On April 23rd go to your participating Lowes store to get your FREE tree!! This is such a wonderful program and I hope you are all able to get a tree to plant!
Everyone is welcome to the Regional Fellowship meeting at University Church of God on Saturday, April 30, beginning at 7PM. The church is located on State Highway 253 one block north of the Winfield City Hall. Guest speaker for the service is Lynn Church of God Pastor Nick Ray. Special singing will lead the worship service. For more info, persons may contact Pastor Wendall Kimbrell at (205) 412-6802.
Superior Bank, N.A., Birmingham, Alabama, Assumes All of the Deposits of Superior Bank, Birmingham, Alabama
FOR IMMEDIATE RELEASE
April 15, 2011 Media Contact:
Greg Hernandez (202) 898-6984
Cell: (202) 340-4922
Superior Bank, Birmingham, Alabama, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Superior Bank, N.A., Birmingham, Alabama, a newly-chartered bank subsidiary of Community Bancorp LLC, Houston, Texas, to assume all of the deposits of Superior Bank.
The 73 branches of Superior Bank will reopen during their normal business hours beginning Saturday as branches of Superior Bank, N.A. Depositors of Superior Bank will automatically become depositors of Superior Bank, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of Superior Bank should continue to use their existing branch.
This evening and over the weekend, depositors of Superior Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.
As of December 31, 2010, Superior Bank had approximately $3.0 billion in total assets and $2.7 billion in total deposits. In addition to assuming all of the deposits of the failed bank, Superior Bank, N.A. agreed to purchase essentially all of the assets.
The FDIC and Superior Bank, N.A. entered into a loss-share transaction on $1.84 billion of Superior Bank’s assets. Superior Bank, N.A. will share in the losses on the asset pools covered under the loss-share agreement. The loss-share transaction is projected to maximize returns on the assets covered by keeping them in the private sector. The transaction also is expected to minimize disruptions for loan customers. For more information on loss share, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.
Customers who have questions about today’s transaction can call the FDIC toll-free at 1-800-640-2538. The phone number will be operational this evening until 9:00 p.m., Central Daylight Time (CDT); on Saturday from 9:00 a.m. to 6:00 p.m., CDT; on Sunday from noon to 6:00 p.m., CDT; and thereafter from 8:00 a.m. to 8:00 p.m., CDT. Interested parties also can visit the FDIC’s Web site at http://www.fdic.gov/bank/individual/failed/superior_al.html.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $259.6 million. Compared to other alternatives, Superior Bank, N.A.’s acquisition was the least costly resolution for the FDIC’s DIF. Superior Bank is the 32nd FDIC-insured institution to fail in the nation this year, and the second in Alabama. The last FDIC-insured institution closed in the state was Nexity Bank, Birmingham, earlier today.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 7,657 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at http://www.fdic.gov, by subscription electronically (go to http://www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center (877-275-3342 or 703-562-2200). PR-73-2011