Sterling Bancorp receives regulatory approval for EverBank deal

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 the final regulatory approval from the Federal Reserve for its sale of the Bank to EverBank Financial, completing the necessary steps for the transaction.
Transaction Details: The sale will result in a fixed cash purchase price of $261 million and is expected to close before the market opens on April 1, 2024, pending the satisfaction of remaining 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 receives regulatory approval for EverBank deal

About the author

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