The Office of the Comptroller of the Currency Approves the Sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp
Sterling Bancorp (NASDAQ: SBT) has received regulatory approval from the Office of the Comptroller of the Currency for the sale of Sterling Bank and Trust to EverBank Financial Corp. The transaction, valued at $261 million in cash, was unanimously approved by Sterling's board and received overwhelming shareholder support with over 99% of votes cast in favor, representing 74% of outstanding shares.
The sale completion now awaits regulatory approval from the Federal Reserve System. Additional closing conditions, including the sale of the Bank's tenant-in-common loan portfolio to Bayview Acquisitions , are expected to be satisfied within the waiting period.
Sterling Bancorp (NASDAQ: SBT) ha ricevuto l'approvazione regolamentare dall'Ufficio del Revisore dei Conti per la vendita di Sterling Bank and Trust a EverBank Financial Corp. La transazione, del valore di 261 milioni di dollari in contante, è stata approvata all'unanimità dal consiglio di amministrazione di Sterling e ha ricevuto un supporto schiacciante da parte degli azionisti, con oltre il 99% dei voti espressi a favore, rappresentando il 74% delle azioni in circolazione.
Il completamento della vendita è ora in attesa dell'approvazione regolamentare da parte del Federal Reserve System. Ulteriori condizioni di chiusura, inclusa la vendita del portafoglio di prestiti in comune della Banca a Bayview Acquisitions, dovrebbero essere soddisfatte durante il periodo di attesa.
Sterling Bancorp (NASDAQ: SBT) ha recibido la aprobación regulatoria de la Oficina del Contralor de la Moneda para la venta de Sterling Bank and Trust a EverBank Financial Corp. La transacción, valorada en 261 millones de dólares en efectivo, fue aprobada por unanimidad por la junta de Sterling y recibió un abrumador apoyo de los accionistas, con más del 99% de los votos emitidos a favor, representando el 74% de las acciones en circulación.
La finalización de la venta ahora espera la aprobación regulatoria del Sistema de la Reserva Federal. Se espera que se cumplan condiciones adicionales de cierre, incluida la venta del portafolio de préstamos de la Banca a Bayview Acquisitions, durante el período de espera.
스터링 뱅코프 (NASDAQ: SBT)는 에버뱅크 파이낸셜 코퍼레이션에 스터링 뱅크 앤 트러스트를 판매하기 위한 통화 감사관 사무소의 규제 승인을 받았습니다. 2억 6100만 달러 현금으로 평가된 이 거래는 스터링의 이사회에서 만장일치로 승인되었으며, 주주들의 압도적인 지지를 받았고, 투표의 99% 이상이 찬성하여 발행 주식의 74%를 차지했습니다.
판매 완료는 이제 연방준비제도의 규제 승인을 기다리고 있습니다. 은행의 공동 임대 대출 포트폴리오를 베이뷰 인수에 판매하는 것을 포함한 추가 마감 조건은 대기 기간 내에 충족될 것으로 예상됩니다.
Sterling Bancorp (NASDAQ: SBT) a reçu l'approbation réglementaire du Bureau du Contrôleur de la Monnaie pour la vente de Sterling Bank and Trust à EverBank Financial Corp. La transaction, d'une valeur de 261 millions de dollars en espèces, a été approuvée à l'unanimité par le conseil d'administration de Sterling et a reçu un soutien écrasant des actionnaires, avec plus de 99 % des votes exprimés en faveur, représentant 74 % des actions en circulation.
La finalisation de la vente attend maintenant l'approbation réglementaire du Système de la Réserve Fédérale. D'autres conditions de clôture, y compris la vente du portefeuille de prêts en commun de la Banque à Bayview Acquisitions, devraient être satisfaites pendant la période d'attente.
Sterling Bancorp (NASDAQ: SBT) hat die regulatorische Genehmigung des Office of the Comptroller of the Currency für den Verkauf von Sterling Bank and Trust an EverBank Financial Corp erhalten. Die Transaktion, die mit 261 Millionen Dollar in bar bewertet wird, wurde einstimmig vom Vorstand von Sterling genehmigt und erhielt überwältigende Unterstützung von den Aktionären, wobei über 99 % der abgegebenen Stimmen dafür waren, was 74 % der ausstehenden Aktien entspricht.
Der Abschluss des Verkaufs steht nun noch aus der regulatorischen Genehmigung des Federal Reserve Systems. Weitere Abschlussbedingungen, einschließlich des Verkaufs des gemeinsamen Darlehensportfolios der Bank an Bayview Acquisitions, werden voraussichtlich innerhalb des Wartzeitraums erfüllt.
- All-cash transaction valued at $261 million
- Strong shareholder approval with 99% of votes in favor
- OCC regulatory approval already secured
- Sale still contingent on Federal Reserve approval
- Must complete sale of tenant-in-common loan portfolio before closing
The sale transaction was unanimously approved by the Company’s board of directors and was subsequently approved by the shareholders of the Company at the special meeting of shareholders held on December 18, 2024, with more than
About Sterling Bancorp, Inc.
Sterling Bancorp, Inc. is a unitary thrift holding company. Its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., has primary branch operations in the
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Investor Contact:
Sterling Bancorp, Inc.
Karen Knott
Executive Vice President and Chief Financial Officer
(248) 359-6624
kzaborney@sterlingbank.com
Source: Sterling Bancorp, Inc.
FAQ
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