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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

Notice of Termination

Effective Date: November 1, 2019


Notice of Intent to Terminate

Publication Date: February 8, 2019

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

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

caution

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 - PDF
Agreement between FDIC and acquiring institution