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
Should l Buy ?
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.
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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.
