EverBank has announced plans to acquire Sterling Bank for $261 million, through a stock purchase agreement.  Jacksonville, Fla.-based EverBank is set to acquire Sterling’s 25 branches, $900 million in loans and $2 billion in annual deposits, and aims to expand its operations in San Francisco and other localities in California, an EverBank spokesperson told Bank […]

The post Transactions: EverBank to acquire Sterling Bank for $261M appeared first on Bank Automation News.