{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-030586","form_type":"8-K","ticker":null,"cik":"0001680379","company_name":"Sterling Bancorp, Inc.","filed_at":"2025-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.316397+00:00","generated_at":"2026-05-24T00:49:41.953532+00:00","sec_items":["2.01","3.01","3.03","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Sterling Bancorp closes $261M sale of bank to EverBank; announces $4.85/share liquidating distribution","bullets":["Received $261M cash for sale of all shares of Sterling Bank and Trust to EverBank, effective April 1, 2025.","Declared initial liquidating distribution of $4.85 per share (~$252M) payable April 8, 2025 to holders of record April 1, 2025.","Thomas O'Brien stepped down as Chairman, President and CEO; remains on Board; Steven Gallotta appointed Board Chairman.","Common stock delisted from Nasdaq; company filed Form 25 and expects to file Form 15 to suspend SEC reporting.","Resignations of directors Daitch, Dedrick, Wineman, Okorie; Knott and Meredith stay as consultants with monthly fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-030586","json":"https://secwatch.observer/filing/0001104659-25-030586.json","markdown":"https://secwatch.observer/filing/0001104659-25-030586.md","text":"https://secwatch.observer/filing/0001104659-25-030586.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/tm2510964d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T00:49:41.953532+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0bcdced2c2","claim":"Thomas M. O'Brien changed role as Chairman, President and Chief Executive Officer at Sterling Bancorp, Inc..","evidence_excerpt":"Thomas M. O’Brien stepped down as Chairman, President and Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chairman, President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"18e3417b55","claim":"Benjamin Wineman resigned as Director at Sterling Bancorp, Inc..","evidence_excerpt":"Peggy Daitch, Tracey Dedrick, Benjamin Wineman and Eboh Okorie have resigned from their roles as directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"2dc877c591","claim":"Christine Meredith changed role as Chief Operating Officer at Sterling Bancorp, Inc..","evidence_excerpt":"Christine Meredith stepped down as Chief Operating Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"511c33d86f","claim":"Tracey Dedrick resigned as Director at Sterling Bancorp, Inc..","evidence_excerpt":"Peggy Daitch, Tracey Dedrick, Benjamin Wineman and Eboh Okorie have resigned from their roles as directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"5d4f1a86e6","claim":"Elizabeth M. Keogh departed as Chief Legal Officer and Corporate Secretary at Sterling Bancorp, Inc..","evidence_excerpt":"Elizabeth M. Keogh stepped down as Chief Legal Officer and Corporate Secretary","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Legal Officer and Corporate Secretary"}],"fact_type":"executive_change"},{"claim_id":"89ceeb03b2","claim":"Steven E. Gallotta was appointed as Chairman of the Board at Sterling Bancorp, Inc..","evidence_excerpt":"Steven E. Gallotta has been appointed Chairman of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"bfc08eb866","claim":"Peggy Daitch resigned as Director at Sterling Bancorp, Inc..","evidence_excerpt":"Peggy Daitch, Tracey Dedrick, Benjamin Wineman and Eboh Okorie have resigned from their roles as directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c0531e70f4","claim":"Karen Knott changed role as Executive Vice President at Sterling Bancorp, Inc..","evidence_excerpt":"Karen Knott stepped down as Executive Vice President","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Executive Vice President"}],"fact_type":"executive_change"},{"claim_id":"c37c800e94","claim":"Eboh Okorie resigned as Director at Sterling Bancorp, Inc..","evidence_excerpt":"Peggy Daitch, Tracey Dedrick, Benjamin Wineman and Eboh Okorie have resigned from their roles as directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e4c11d77ea","claim":"Eleni Willis departed as Chief Risk Officer at Sterling Bancorp, Inc..","evidence_excerpt":"Eleni Willis stepped down as Chief Risk Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Risk Officer"}],"fact_type":"executive_change"},{"claim_id":"9318c903cea4474b8fffa6b01bec0792dd47c68b","claim":"Sterling Bancorp, Inc. completed a disposition involving Bayview Acquisitions LLC (closed 2025-03-28).","evidence_excerpt":"On March 28, 2025, the Bank completed the previously announced sale of all of its residential tenant-in-common mortgage loans to Bayview Acquisitions LLC, a Delaware limited liability company (“Bayview”), pursuant to the definitive Mortgage Loan Purchase Agreement between the Bank and Bayview, which was a condition to the closing of the sale transaction.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Bayview Acquisitions LLC"},{"label":"Closing","value":"2025-03-28"}],"fact_type":"ma_transaction"},{"claim_id":"ab1a83407eb4796b954bdc668a972356ed8aa01f","claim":"Sterling Bancorp, Inc. completed a disposition involving EverBank Financial Corp for $261 million in cash (closed 2025-03-31).","evidence_excerpt":"became effective as of 12:01 a.m. (Eastern Time) on April 1, 2025. In connection with the closing of the sale transaction, the Company received a fixed purchase price of $261 million in cash pursuant to the definitive Stock Purchase Agreement by and among the Company, the Bank and EverBank. Immediately following the effectiveness of the sale transaction, the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1680379/000110465925030586/0001104659-25-030586-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"EverBank Financial Corp"},{"label":"Consideration","value":"$261 million in cash"},{"label":"Closing","value":"2025-03-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}