The Graveyard › Banks › 2009
American Sterling Bank
Sugar Creek, MO · failed April 17, 2009 · FDIC certificate 8266
American Sterling Bank of Sugar Creek, MO failed on April 17, 2009. It opened in 1934, 75 years before. At its last report before that it held $166.5 million in assets and $170.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2003, it held $272.9 million. The FDIC estimates that the Deposit Insurance Fund lost $44.7 million on it.
1984-032009-03
Assets at the end$166.5 millionlast report before April 17, 2009
Deposits at the end$170.9 million
Estimated loss to the fund$44.7 millionDIF
Largest in the quarterly reports$272.9 millionJune 30, 2003
Equity to assets-8.2%March 31, 2009
Loans not being repaid16.3%noncurrent, March 31, 2009
Return on assets-7.54%a year's rate, March 31, 2009
Staff89full time, March 31, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.