Bank Failure
American Sterling Bank
BankRegReports is independent of American Sterling Bank and never asks for online banking logins or passwords.
Closed April 17, 2009 · Sugar Creek, MO · FDIC Cert #8266.
- Closing date
- April 17, 2009
- Headquarters
- Sugar Creek, MO
- FDIC Certificate
- 8266
- Total assets at closing
- $166.5M
- Total deposits at closing
- $170.9M
- Estimated loss to the insurance fund
- $44.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Metcalf Bank
Context
On April 17, 2009, regulators closed American Sterling Bank, headquartered in Sugar Creek, MO. At closing, the institution held approximately $166.5M in assets and $170.9M in deposits. The FDIC record names Metcalf Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $44.7M.
By assets at closing this is the 872nd largest of the 3,526 bank failures in the FDIC record, and the 93rd of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did American Sterling Bank fail?
American Sterling Bank was closed by regulators on April 17, 2009.
Who acquired American Sterling Bank?
The FDIC record names Metcalf Bank as the acquiring institution in the resolution of American Sterling Bank.
How big was American Sterling Bank when it failed?
American Sterling Bank had approximately $166.5M in total assets and $170.9M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
Explore: all failures · MO bank events · 2009 events · events hub