Sterling Bancorp gets regulatory approval for sale to EverBank Financial
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2025
0mins
Should l Buy ?
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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
