In Tuesday's issue the page 1 story "Failure of Superior Turns Quickly into Blame Game" was mistaken in saying taxpayers will bear the cost of resolving the failure of Superior Bank, Hinsdale, Ill. The cost will be covered by the Saving Association Insurance Fund, which is funded with bank premiums and investment income.

Also, the failure of New Hampshire Savings Bank in Concord was omitted from an accompanying chart on the costliest bank failures since 1980. That October 1991 failure cost $860 million and should have been ranked No. 7. As a result, Superior Bank should have been ranked No. 12.


A correction in Monday's issue was itself incorrect. Foothill Capital Corp. is a subsidiary of Wells Fargo & Co.

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