Sterling Bancorp to sell Sterling Bank and Trust, F.S.B
The story behind EverBank’s deal to acquire troubled Sterling Bancorp
EverBank is paying $261 million in cash to buy the bank and Sterling said in a Securities and Exchange Commission filing its stockholders would receive about $4.91 per share in the deal, lower than Sterling’s closing price of $5.75 on the last trading day before the announcement. That news sent Sterling’s stock down $1.09 to $4.66 on Sept. 16.
Sterling Bancorp to Sell Sterling Bank and Trust to Florida Group for $261M
Sterling Bancorp Inc. in Southfield has agreed to sell Sterling Bank and Trust to Jacksonville, Flor.-based EverBank Financial Corp. for $261 million and ultimately close its doors permanently.
Sterling in Michigan to sell bank for $261 million
EverBank Financial in Florida said the deal would give it $900 million of loans and $2 billion of deposits. Should the deal close in early 2025 as planned, it would end a long saga for Sterling.
Sterling Bancorp Announces Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp and Adoption of Plan of Dissolution
Sterling Bancorp, Inc. (NASDAQ: SBT) ("Sterling" or the "Company"), the holding company of Sterling Bank and Trust, F.S.B. (the "Bank"), today announced that the Company has entered into a definitive stock purchase agreement with Jacksonville,
Sterling Bank And Trust To Be Acquired By EverBank Financial For $261 Million Cash
Sterling Bancorp, Inc. (SBT), the holding company of Sterling Bank and Trust, F.S.B., announced Monday that the Company has entered
EverBank to buy Michigan’s Sterling Bank for $261M
The deal includes 25 branches, $900 million in loans and $2 billion in deposits; but not Sterling’s sole Michigan branch or its $372.9 million portfolio of residential tenant-in-common mortgage loans.
Sterling Bancorp to sell Sterling Bank and Trust, F.S.B to EverBank
Sterling Bancorp (NASDAQ:SBT) said EverBank Financial will acquire all the stock of Sterling Bank and Trust, F.S.B for fixed cash consideration of $261M. SBT's board has unanimously approved the sale,
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Sterling Bank to be sold to Florida company for $261M
Sterling Bank and Trust has agreed to be sold to a Florida-based financial institution for $261 million, its holding company ...
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