Data / Bank failures / 2009 / American Sterling Bank
American Sterling Bank, Sugar Creek, MO: failed April 17, 2009
American Sterling Bank in Sugar Creek, Missouri, failed on April 17, 2009. Metcalf Bank of Lee's Summit, MO, took over its deposits. It held $166.5 million in assets and $170.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $44.7 million (26.8% of its assets). By assets it was the 101st largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- April 17, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Metcalf Bank, Lee's Summit, MO
- Total assets
- $166,456,000
- Total deposits
- $170,946,000
- Estimated cost to the FDIC
- $44,668,926 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 8266
Other bank failures in Missouri, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Sun Security Bank | Ellington | October 7, 2011 | $351.5 million | $280.6 million | $93.1 million | Great Southern Bank |
| Westbridge Bank and Trust Company | Chesterfield | October 15, 2010 | $87.8 million | $70.1 million | $22.4 million | Midland States Bank |
| Premier Bank | Jefferson City | October 15, 2010 | $989.4 million | $869.4 million | $308.5 million | Providence Bank |
| Southwest Community Bank | Springfield | May 14, 2010 | $100.7 million | $102.5 million | $25.6 million | Simmons First National Bank |
| Champion Bank | Creve Coeur | April 30, 2010 | $195.5 million | $162.8 million | $57.1 million | Bankliberty |
| BC National Banks | Butler | April 30, 2010 | $52.2 million | $43.6 million | $8.6 million | Community First Bank |
| Bank of Leeton | Leeton | January 22, 2010 | $20.1 million | $20.3 million | $7.1 million | Sunflower Bank |
| Gateway Bank of ST Louis | ST Louis | November 6, 2009 | $26.9 million | $27.5 million | $11.6 million | Central Bank of Kansas City |
Other failed banks Metcalf Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Heartland Bank | Leawood | KS | July 20, 2012 | $96 million | $89.7 million | $362,839 | Metcalf Bank |
All bank failures in 2009 · All bank failures in Missouri · Every failed bank Metcalf Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.