(Detective v1 016, 1938)
The Broadway Bandit is just a disgruntled actor who puts on a mask and robs box offices until Slam Bradley shows up to settle his hash but he might be out first illustration of the very basic level of super-villainy: a good name, a basic but distinctive costume and the commission of crimes while in the possession of both.
SHOULD THEY BE BROUGHT BACK? No, but in a super-hero universe I reckon that there should be way more guys adopting this kind of persona to do basic crimes like armed robbery. In a world with cosmic threats named Molecule Man and such running around you might not even need a weapon to stick up a corner store if you strolled in in a plausible enough costume.