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.
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,
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 closed the market last week at $5.75, giving Sterling Bancorp a market capitalization of $300.9 million based on about 52.3 million shares outstanding, according to FactSet. Sterling said Monday that the privately held EverBank has agreed to acquire the bank's outstanding shares for $261 million in cash.
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 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.
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,
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 ...
Financial News & Daily Record5d
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.
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 ...
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10 best high-yield savings accounts in September 2024: Up to 5.25% APY
The EverBank Performance Savings Account is a good account for those who want to avoid fees above all else. EverBank doesn’t charge any monthly, overdraft or NSF fees. And the 5.05% APY is still ...
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EverBank (TIAA Bank) Review 2024
See how we rate banking products to write unbiased product reviews. The bottom line: EverBank (previously TIAA Bank) is a good choice for people who want to avoid bank fees. EverBank doesn't ...
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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 ...
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Shrimp 'n Grits and Lobster Mac 'n Cheese: What's new for Jaguars fans at EverBank Stadium this season
Jacksonville Jaguars fans heading to EverBank Stadium for the team's season opener against the Cleveland Browns and other home games will have plenty of food and beverage options to choose from in ...