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Sterling Bancorp ( (SBT) ) just unveiled an update.
On March 31, 2025, Sterling Bancorp announced the completion of the sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp for $261 million, effective April 1, 2025. Following this sale, the bank merged into EverBank, and Sterling Bancorp began winding down operations, filing for dissolution and delisting from Nasdaq. Key executives resigned, and liquidating distributions were declared for shareholders, marking the end of Sterling Bancorp’s operations.
More about Sterling Bancorp
Sterling Bancorp, Inc. is a unitary thrift holding company with its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., operating primarily in the San Francisco and Los Angeles metropolitan areas and New York City. The company offers a range of loan products as well as retail and business banking services.
YTD Price Performance: 1.68%
Average Trading Volume: 48,562
Technical Sentiment Signal: Buy
Current Market Cap: $253.1M
Find detailed analytics on SBT stock on TipRanks’ Stock Analysis page.