WASHINGTON – The FDIC shut down two more banks Friday, raising the number of failures this year to 25, as many as in all of last year.
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The latest banks seized were American Sterling Bank in Missouri and Great Basin Bank of Nevada.
American Sterling is based in Sugar Creek, Mo., and has $180 million in assets. Metcalf Bank, based in Lee's Summit, Mo., agreed to buy about $174 million in assets, as part of a purchase and assumption agreement with the FDIC. The FDIC will retain the rest of the assets to sell later.
For Great Basin Bank, a $280 million bank based in Elko, Nev., the FDIC tapped Las Vegas-based Nevada State Bank to assume all deposits.
