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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) April 25, 2000
SUPERIOR BANK FSB (as Seller and Servicer under the Sale and Servicing
Agreement, dated as of March 1, 2000, providing for the issuance of AFC Mortgage
Loan Asset Backed Notes, Series 2000-1)
Superior Bank FSB
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(Exact name of registrant as specified in its charter)
United States 333-83597 36-1414142
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
One Lincoln Centre
Oakbrook Terrace, Illinois 60181
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (630) 916-4000
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Item 5. Other Events
On each Remittance Date commencing on April 25, 2000 scheduled remittances were
made to the Noteholders with respect to AFC Mortgage Loan Asset Backed Notes,
Series 2000-1, issued pursuant to a Sale and Servicing Agreement, dated as of
March 1, 2000, among Superior Bank FSB, as Seller and Servicer, AFC Trust
Series 2000-1, as Issuer and LaSalle National Association, as Trustee. The
information contained in the Servicer's Monthly Remittance Reports delivered to
the Trustee, which were forwarded by the Trustee to the Noteholders, are
attached hereto as Exhibits 20.1, 20.2, 20.3, 20.4, and 20.5 and are
incorporated herein by reference.
Capitalized terms used herein and not defined shall have the same meanings
ascribed to them in the Sale and Servicing Agreement.
Items 2 through 4 and Items 6 and 8 are not included because they are not
applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
20.1 Monthly Remittance Report for the month of April, 2000.
20.2 Monthly Remittance Report for the month of May, 2000.
20.3 Monthly Remittance Report for the month of June, 2000.
20.4 Monthly Remittance Report for the month of July, 2000.
20.5 Monthly Remittance Report for the month of August, 2000.
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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 F.S.B.
By: /S/ WILLIAM C. BRACKEN
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Name: William C. Bracken
Title: Senior Vice President
Dated: September 8, 2000
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EXHIBITS TABLE
20.1 Monthly Remittance Report for the month of April, 2000.
20.2 Monthly Remittance Report for the month of May, 2000.
20.3 Monthly Remittance Report for the month of June, 2000.
20.4 Monthly Remittance Report for the month of July, 2000.
20.5 Monthly Remittance Report for the month of August, 2000.
