Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Bank Failures

Failed Bank Information for American Sterling Bank, Sugar Creek, MO

On Friday, April 17, 2009, American Sterling Bank was closed by the Office of Thrift Supervision (OTS). The FDIC was named Receiver. Metcalf Bank, Lee's Summit, MO acquired all deposit accounts.

The FDIC as Receiver for American Sterling Bank, Sugar Creek, MO has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 8, 2019 and has made all dividend distributions required by law.

Effective November 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

Icon for Notice of Termination

Notice of Termination

Effective Date: November 1, 2019
Icon for Notice of Intent to Terminate

Notice of Intent to Terminate

Publication Date: February 8, 2019
Icon for Dividend Information

Dividend Information

Report on dividends paid
Icon for Press Release

Press Release

Official press release

Beware of scams!


Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: METCALF BANK

About Metcalf Bank

All deposit accounts were transferred to Metcalf Bank, Lee's Summit, MO ("assuming institution"). Former American Sterling Bank locations reopened as branches of Metcalf Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Metcalf Bank for at least six months after the failure of American Sterling Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Metcalf Bank as long as the deposits are not pledged as collateral for loans.

Contacting Metcalf Bank

Metcalf Bank has changed it's legal name and is currently doing business as Central Bank of the Midwest

You can contact Central Bank of the Midwest:

Central Bank of the Midwest
609 North 291 Highway
Lees Summit, MO 64086

Central Bank of the Midwest (www.centralbank.net)

Transaction Documentation

Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution

Last Updated: November 12, 2019