A $190 million-asset Missouri bank converted to a thrift charter this month as part of a plan to expand into Arizona and Nevada early next year.

Sugar Creek-based American Sterling Bank, which had a national bank charter before converting on Dec. 2, said it plans to open a branch in Phoenix by mid-January and another in Las Vegas in the second quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.