EverBank is headquartered at 301 W. Bay St. in Jacksonville. | Karen Brune Mathis, Jacksonville Daily Record
Published on December 26, 2024 at 9:49 am
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Sterling Bancorp Inc. said shareholders voted at a special meeting this month to approve the sale of its Sterling Bank and Trust subsidiary to Jacksonville-based EverBank.
The deal will give EverBank 25 branches in California, a major brick-and-mortar expansion for the bank which has done most of its business with customers online.
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EverBank has four full-service branches in Jacksonville and six in other Florida cities, according to the Federal Deposit Insurance Corp. database.
The deal still needs approval by bank regulators. Sterling Bancorp said it expects to complete the deal in the first quarter of 2025.
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