Sterling Bancorp gets regulatory approval for sale to EverBank Financial

Written by Emily J. Thompson, Senior Investment Analyst

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Updated: Mar 14 2025

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Regulatory Approval Received: Sterling Bancorp has received regulatory approval for the sale of its bank to EverBank Financial, with a fixed purchase price of $261 million in cash.
Shareholder Support and Closing Conditions: The sale was unanimously approved by the board and over 99% of shareholders at a special meeting. Completion is pending further regulatory approvals and satisfaction of closing conditions.

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.

Sterling Bancorp gets regulatory approval for sale to EverBank Financial

About the author

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