Sterling Bancorp Accelerates Vesting Amid EverBank Sale
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Sterling Bancorp (SBT) announced the acceleration of vesting for all unvested shares of restricted stock for independent directors and key employees, effective March 19, 2025. This decision follows the approval of Sterling Bank and Trust's sale to EverBank Financial Corp, along with necessary regulatory approvals. The company's current market cap is $255.7M, with a year-to-date price performance of 2.73% and an average trading volume of 27,630. The technical sentiment consensus rating is 'Buy'.
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