Sterling Bancorp Announces Shareholder Approval of Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp and Approval of Plan of Dissolution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
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Source: Newsfilter
Shareholder Approval: Sterling Bancorp's shareholders have overwhelmingly approved the sale of Sterling Bank to EverBank Financial Corp and the company's dissolution, with over 99% voting in favor during a special meeting.
Next Steps: The completion of the sale is pending regulatory approvals and other customary conditions, with an expected finalization in the first quarter of 2025.
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.
