American Sterling Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2010
FHA investigation of loan claims
The Federal Housing Administration investigated loans made by American Sterling Bank after the loans incurred significantly high claim rates against the FHA mortgage-insurance program.
2010
Office of Thrift Supervision prohibition order
The Office of Thrift Supervision prohibited former CEO Michael Thompson and four former board members from participating in the banking industry without prior regulatory approval. The agency cited fictitious capital contributions and inaccurate regulatory reports.