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Sterling Bancshares Seeks Buyer

Sterling Bancshares has put itself up for sale.

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.

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