 Superior opened in 1988 under conditions created by the Federal Home Loan Bank Board, which made generous arrangements for the takeover of several failed thrifts.The bank was a 50-50 partnership between the Pritzkers (the elder Jay, Penny and Thomas) and real estate investor Alvin Dworman, who ran Superior from his New York office after Jay Pritzker's death in 1997.The Pritzkers and Dworman bought the failed Lyons Federal for the relatively modest price of $42.5 million, with each using a shell corporation to control half of Coast-to-Coast Financial Corporation (CCFC), a holding company created to own Superior.