Sterling Bancorp is now in the final stages of a complete corporate wind-down. Having divested its core banking operations last year, the company is currently liquidating its remaining assets to facilitate its ultimate dissolution. For shareholders, the central question is what final capital distribution will remain after all corporate obligations are settled.
The process began in earnest with the sale of its subsidiary, Sterling Bank and Trust, to EverBank Financial Corp, a transaction finalized in April of last year. This move triggered the formal dissolution plan, which the board of directors had previously approved in September 2024.
Concurrently, Sterling Bancorp ceased trading its common stock on the Nasdaq Capital Market in…