Sterling Bank and Trust Co., the tiny Baltimore bank that sued an institution many times its size to enforce a merger agreement, won $650,000 in an out-of-court settlement.

Sterling agreed to settle with $2.3 billion-asset Provident Bankshares because legal costs were mounting and neither side wanted to take a chance with a jury trial.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.