The Federal Reserve Committee approves the acquisition of Sterling Bank and Trust, FSB by Everbank Financial

Sterling Bancorp (Nasdaq:SBT), Holding of Sterling Bank and Trust, FSB, on Friday announced receipt of regulatory regulatory approval From the federal reserve system for the sale of all issued and remaining shares of bank capital in Everbank Financial Corp.

In connection with sales, the company will receive a fixed redemption price of $ 261 million in cash in accordance with the final contract to buy shares up to and among the company, Bank and Everbank, from September 15, 2024.