Sterling Bancorp, EverBank
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.
EverBank to Acquire Sterling Bank
EverBank Financial has entered into a stock purchase agreement to acquire Sterling Bank & Trust and merge it into EverBank.
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 Shares Slip on Sale to EverBank
Shares of the parent company for Sterling Bank and Trust fell after the company said it would sell the bank to EverBank Financial for $261 million, lower than the parent's market capitalization at the end of last week.
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
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 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,
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 culminate a long saga for Sterling.
Financial News & Daily Record7d
EverBank expanding into California with $261 million acquisition
Jacksonville-based bank is acquiring Sterling Bancorp, which has 25 branches in San Francisco and Los Angeles.
Trevor's House, for a day: EverBank Stadium renamed 'TrEverBank Stadium' for Browns game
The Jaguars home on the St. Johns River will be, in a sense, Trevor's house for the home opener on Sept. 15 against Cleveland ...
Shrimp 'n Grits and Lobster Mac 'n Cheese: What's new for Jaguars fans at EverBank Stadium this season
Shrimp 'n Grits. Lobster Mac 'n Cheese. Orange Chicken. Those are just some of the dining options at EverBank Stadium this ...
Everbank Stadium becoming TrEverbank for Jags QB Trevor Lawrence
EverBank and Trevor have teamed up in an exciting partnership to add a new flair to the Jaguars' home opener this season. The ...
Why Is Sterling Bancorp Stock Diving On Monday?
Sterling Bancorp is selling Sterling Bank to EverBank Financial Corp for $261 million. Shareholders and regulators must ...
The New York Times11d
Jaguars rename EverBank Stadium to TrEverBank Stadium for home opener vs. Browns
The Jaguars’ home, EverBank Stadium, will be renamed to TrEverBank Stadium for their Week 2 game against the Cleveland Browns, the team announced Thursday. Lawrence collaborated with EverBank, the ...