Sterling Bancorp, INC 8-K filings
Current reports — the filing a company makes when something happens that shareholders need to know about before the next quarterly report.
Sterling Bancorp has completed the sale of Sterling Bank and Trust to EverBank Financial Corp for $261 million, initiating its plan of dissolution and announcing an initial liquidating distribution of $4.85 per share.
Sterling Bancorp's Executive Compensation Committee accelerates the vesting of restricted stock for independent directors and key employees following the approval of the sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp.
Sterling Bancorp, Inc. announced it has received regulatory approval from the Office of the Comptroller of the Currency for the sale of Sterling Bank and Trust, F.S.B. to EverBank Financial Corp for $261 million in cash.
Sterling Bancorp reported a net income of $1.2 million for the fourth quarter of 2024 and $2.1 million for the full year, while preparing for its acquisition by EverBank.
Sterling Bancorp shareholders have overwhelmingly approved the sale of Sterling Bank and Trust to EverBank Financial Corp and the subsequent plan of dissolution.
Sterling Bancorp has supplemented its definitive proxy statement regarding its acquisition by EverBank following demand letters from shareholders alleging disclosure deficiencies.
Sterling Bancorp reported a net loss of $(0.1) million for the third quarter of 2024, while also announcing a definitive agreement for its acquisition by EverBank Financial Corp.
Sterling Bancorp, Inc. has agreed to be acquired by EverBank Financial Corp in a deal valued at $261 million, which will result in the dissolution of Sterling Bancorp.
Sterling Bancorp has agreed to sell its bank subsidiary to EverBank for $261 million and will subsequently dissolve the company.
Sterling Bancorp's subsidiary, Sterling Bank and Trust, F.S.B., has entered into a change of control agreement with Chief Financial Officer Karen Knott, outlining compensation and benefits upon certain termination events.
Sterling Bancorp reported a net income of $1.3 million for the second quarter of 2024, a turnaround from the previous quarter's loss, despite facing industry-wide margin compression.
Sterling Bancorp shareholders elected nine directors, approved executive compensation, and ratified the appointment of Crowe LLP as the independent auditor at their annual meeting on May 16, 2024.
8-K: Sterling Bancorp Reports Break-Even First Quarter Amidst Margin Pressures and Regulatory Scrutiny
Sterling Bancorp reported a net loss of $(0.2) million for the first quarter of 2024, with a net interest margin of 2.52%, as the company navigates margin pressures and the aftermath of regulatory actions.
Sterling Bancorp has promoted Christine Meredith to Chief Operating Officer and appointed her as a director, while also promoting Eleni Willis to Chief Risk Officer, both effective April 1, 2024.
Sterling Bancorp has extended its Change of Control Agreement with Chief Risk Officer Christine Meredith by three years, through March 10, 2027.
Lyle M. Wolberg has resigned from the Sterling Bancorp Board of Directors, effective March 31, 2024.
Sterling Bancorp reported a net income of $5.1 million for the fourth quarter of 2023, a significant increase compared to the previous quarter, and a full year net income of $7.4 million, marking a turnaround from a net loss in 2022.