Federal Reserve Board Approves the Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
0mins
Source: Businesswire
Regulatory Approval for Sale: Sterling Bancorp, Inc. has received final regulatory approval from the Federal Reserve for its sale of Sterling Bank and Trust to EverBank Financial Corp for $261 million, with the transaction expected to close on April 1, 2025.
Delisting from Nasdaq: Following the sale, Sterling Bancorp plans to suspend trading of its common stock on Nasdaq and will file for delisting, as part of its Plan of Dissolution approved by shareholders.
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.
