Federal Reserve Board Approves the Acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp
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The Federal Reserve Board has approved the acquisition of Sterling Bank and Trust, F.S.B. by EverBank Financial Corp. This marks the final regulatory approval needed for the transaction.
March 14, 2025 | 11:15 pm
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Sterling Bancorp, Inc. (NASDAQ: SBT) has received final regulatory approval for the sale of Sterling Bank and Trust to EverBank Financial Corp. This approval is crucial for the completion of the acquisition.
The final regulatory approval from the Federal Reserve is a significant milestone in the acquisition process, likely leading to a positive short-term impact on SBT's stock price as the transaction is set to proceed.
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IMPORTANCE 85
RELEVANCE 90