Sterling Bancshares has put itself up for sale, The Wall Street Journal reports. Any deal is expected to value the company, which is facing a proxy fight from its largest shareholder Don Adam, at nearly $825 million.
Companies interested in the lender, which primarily operates in Texas, include BB&T and Comerica. The company, whose primary subsidiary is Houston-based financial institution Sterling Bank, may also receive bids from two other smaller institutions.
Click here for the story from The Wall Street Journal.