Superior Bank FSB Afc Mort LN Asset Backed Notes Ser 2000 2 – ‘8-K’ for 6/29/00

On:  Wednesday, 8/2/00, at 12:06pm ET   ·   For:  6/29/00   ·   Accession #:  882377-0-395   ·   File #:  333-83597-03

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Superior Bank Fsb                                      5     13K 
 2: EX-4.1      Instruments Defining Rights of Security Holders      107±   951K 

8-K   —   Superior Bank Fsb
Document Table of Contents

8-K
1st Page of 5
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
------------------------------------------------------------------------------- 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
 Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 29, 2000                  

SUPERIOR BANK FSB (as seller and servicer under the Sale and Servicing          
Agreement, dated as of June 1, 2000, providing for the issuance of AFC Mortgage 
Loan Asset Backed Notes, Series 2000-2)                                         

 Superior Bank FSB
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)

United States               333-83597              36-1414142   
-------------               ---------              ----------   
(State or Other Jurisdiction        (Commission          (I.R.S. Employer       
of Incorporation)                   File Number)         Identification Number) 

One Lincoln Centre                                                              
Oakbrook Terrace, Illinois                                     60181            
--------------------------                                     -----            
(Address of Principal                                        (Zip Code)         
Executive Offices)                                                              

Registrant's telephone number, including area code (630) 916-4000               
                                    ----- --------

------------------------------------------------------------------------------- 

8-K
2nd Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 2nd
Item 2.  Acquisition or Disposition of Assets                                   
------------------------------------                          

Description of the Notes, Group 1 and Group 2                                   

       On June 29, 2000 a single series of notes, entitled AFC Mortgage Loan
Asset Backed Notes, Series 2000-2 (the "Notes") were issued pursuant to a sale  
and servicing agreement (the "Agreement"), dated as of June 1, 2000, among      
Superior Bank FSB as seller (the "Seller") and servicer (the "Servicer"), AFC   
Trust Series 2000-2 (the "Issuer") as issuer and LaSalle Bank National          
Association as indenture trustee (the "Indenture Trustee").                     

        On June 29, 2000, following the closing of the initial issuance of the
Notes, pursuant to the Agreement, the Issuer purchased from the Seller and      
pledged to the Indenture Trustee Subsequent Mortgage Loans, as defined in the   
Agreement, with an aggregate principal balance equal to $70,250,586.88 with     
respect to Group 1 with funds on deposit in the Group 1 Pre-Funding Account, and
$57,784,243.47 with respect to Group 2 with funds on deposit in the Group 2     
Pre-Funding Account, each established pursuant to the Agreement at a purchase   
price equal to the principal balance thereof, which Subsequent Mortgage Loans   
were conveyed to the Issuer and pledged to the Indenture Trustee pursuant to a  
Subsequent Transfer Instrument, dated as of June 29, 2000, among the Seller, the
Indenture Trustee and the Issuer.                                               

        On July 20, 2000, following the closing of the initial issuance of the
Notes, pursuant to the Agreement, the Issuer purchased from the Seller and      
pledged to the Indenture Trustee Subsequent Mortgage Loans, as defined in the   
Agreement, with an aggregate principal balance equal to $35,552,574.97 with     
respect to Group 1 with funds on deposit in the Group 1 Pre-Funding Account and 
$36,013,317.11 with respect to Group 2 with funds on deposit in the Group 2     
Pre-Funding Account, each established pursuant to the Agreement at a purchase   
price equal to the principal balance thereof, which Subsequent Mortgage Loans   
were conveyed to the Issuer and pledged to the Indenture Trustee pursuant to a  
Subsequent Transfer Instrument, dated as of July 20, 2000, among the Seller, the
Indenture Trustee and the Issuer.                                               

    Items 3 through 6 and Item 8 are not included because they are not
applicable.                                                                     

Item 7.  Financial Statements and Exhibits                    

(a)      Not applicable                     

(b)      Not applicable                     

(c)      Exhibits                           

 2

8-K
3rd Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 3rd
                  4.1 Subsequent Transfer Instrument, dated as of July 20, 2000,
among Superior Bank FSB, as Seller, LaSalle Bank National Association, as       
Indenture Trustee and AFC Trust Series 2000-2, as Issuer.                       

 3

8-K
4th Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 4th
SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by  
the undersigned thereunto duly authorized.                                      

                                 SUPERIOR BANK FSB

                                      By:/s/ William Bracken
                                                   -----------------------------
                                     Name: William Bracken
                                                Title:   Chief Financial Officer
                                                       Senior Vice President

Dated: July 20, 2000                                                            
-------------                                                     

8-K
Last Page of 5
TOC
1st
Previous
Next
↓Bottom
Just 5th
 EXHIBIT INDEX

                  4.1 Subsequent Transfer Instrument, dated as of June 29, 2000,
among Superior Bank FSB, as Seller, LaSalle Bank National Association, as       
Indenture Trustee and AFC Trust Series 2000-2, as Issuer.                       

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		8/2/00
		7/20/00		2		4
For Period End:		6/29/00		1		5			8-K
		6/1/00		1		2
									List all Filings