AMERICAN STERLING BANK Failed 2009
What happened
AMERICAN STERLING BANK of SUGAR CREEK, MO was closed on 2009-04-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to METCALF BANK (LEE'S SUMMIT, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3617
- FDIC Certificate
- 8266
- FDIC FIN
- 10052
- Bank name
- AMERICAN STERLING BANK
- Location
- SUGAR CREEK, MO
- Failure date
- 2009-04-17
- FDIC resolution date
- 2009-04-17
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $45M
- Deposits at failure
- $171M
- Assets at failure
- $166M
- Acquiring bank
- METCALF BANK (LEE'S SUMMIT, MO)
Other banks METCALF BANK acquired in FDIC resolutions