Sterling Bancorp shareholders approve bank sale and dissolution

Published 18/12/2024, 23:14
Sterling Bancorp shareholders approve bank sale and dissolution
SBT
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The detailed results of the Special Meeting will be disclosed in the company's Form 8-K, which is expected to be filed around December 20, 2024. InvestingPro subscribers can access additional insights, including 8 more key tips about Sterling Bancorp (NASDAQ:SBT)'s financial health and future prospects. This news article is based on a press release statement from Sterling Bancorp, Inc.

The detailed results of the Special Meeting will be disclosed in the company's Form 8-K, which is expected to be filed around December 20, 2024. InvestingPro subscribers can access additional insights, including 8 more key tips about Sterling Bancorp's financial health and future prospects. This news article is based on a press release statement from Sterling Bancorp, Inc.

The successful completion of the sale is still subject to standard closing conditions, including necessary regulatory approvals. Assuming these conditions are met, Sterling Bancorp anticipates finalizing the sale within the first quarter of 2025.

Sterling Bancorp, a unitary thrift holding company, operates primarily through its wholly owned subsidiary, Sterling Bank and Trust, F.S.B. The bank has its main branches in San Francisco, Los Angeles, and New York City, offering a variety of loan products alongside retail and business banking services. It also maintains an operations center and a branch in Southfield, Michigan.

The detailed results of the Special Meeting will be disclosed in the company's Form 8-K, which is expected to be filed around December 20, 2024.

This news article is based on a press release statement from Sterling Bancorp, Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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