EverBank completes acquisition of Sterling Bank and Trust (Courtesy of the Jacksonville Daily Record) — EverBank Financial Corp. said April 1 it completed the acquisition of Sterling Bank and Trust F.S.B, a deal that expands the Jacksonville-based bank’s branch network in California.
EverBank acquired 25 Sterling branches in the San Francisco and Los Angeles markets and one branch in New York.
“The acquisition of Sterling Bank is an important milestone for our long-term growth strategy in California and nationwide,” EverBank CEO Greg Seibly said in a news release.
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