Hidden Profits


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  • | 10:45 p.m. January 1, 2012
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In 2010, Superior Bank posted more than $232 million in net losses. On April 15, regulators closed the bank's Birmingham-based holding company.

Through the first nine months of 2011, those losses were replaced by $6.8 million in profits. And according to Hank Holmes, that number was depressed somewhat by costs associated with the bank's recent merging activity.

In other words: look out, 2012?

 

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