The main reason behind the failure of Superior Bank of Chicago and eventual FDIC's takeover of this institution in 2001 was attributed to misleading accounting practices of inflating asset values and revenues deflating liabilities and expenses.

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The Answer of The main reason behind the failure of Superior Bank of Chicago and eventual FDIC's takeover of this institution in 2001 was attributed to misleading accounting practices of inflating asset values and revenues deflating liabilities and expenses.

The Main Reason Behind the Failure of Superior Bank of Chicago