Federal Reserve Board approves acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2025
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Source: SeekingAlpha
Regulatory Approval: Sterling Bancorp has received regulatory approval from the Federal Reserve System for the sale of its bank to EverBank Financial Corp.
Financial Details: The transaction will involve a fixed purchase price of $261 million in cash as per the stock purchase agreement dated September 15, 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
