Bank failure · MO
American Sterling Bank (Sugar Creek, MO) — failed April 17, 2009
American Sterling Bank of Sugar Creek, Missouri was closed on April 17, 2009 and resolved through a purchase and assumption. Metcalf Bank (MO) took over its insured deposits. At failure it held $166.5M in assets and $170.9M in deposits. The FDIC's estimated loss on the failure is $44.7M (26.8% of assets).
- Closing date
- April 17, 2009
- FDIC certificate #
- 8266
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Metcalf Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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