Sterling Bancorp receives regulatory approval for EverBank deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
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Should l Buy ?
Source: Business Insider
Regulatory Approval Received: Sterling Bancorp has received final regulatory approval from the Federal Reserve for its sale to EverBank Financial, completing the necessary approvals for the transaction.
Transaction Details: The sale will involve a fixed purchase price of $261 million in cash and is expected to close before the market opens on April 1, 2024, pending satisfaction of remaining conditions.
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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.
