EverBank Financial Corp, through its wholly-owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Check the background of this firm on FINRAs BrokerCheck, FINRA Manual and other related FINRA information, Confidentiality for victims of domestic violence, TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. The new, combined bank’s legal entity name is TIAA, FSB, but for the immediate future, the bank will continue to use the TIAA Direct and EverBank brands. It also adds a broad range of business banking services that will allow TIAA to continue to meet the evolving needs of its more than 15,000 institutional clients. TIAA announced today an agreement to acquire EverBank (NYSE: EVER), a nationwide consumer and commercial bank with $27.4 billion in total assets. JUN 30, 2017 - 7:38 am TIAA announced the successful completion of its acquisition of EverBank Financial and its wholly owned subsidiary EverBank. “With the addition of EverBank, our combined customers will benefit from even more of our innovative offerings, backed by the exceptional client experience they expect from us – and know we will deliver.”. We are also pleased to be joining a company with a long-term focus, a deep commitment to the communities in which it operates and a desire to grow our franchise. The move will unify the branding of EverBank and TIAA’s own online bank, TIAA … The two financial institutions completed their $2.5 billion merger Friday. The following management changes, announced last August, are effective today. The Daily Record reported a EverBankspokeswoman has confirmed that EverBank Financial Corp. is becoming TIAA Bank after its … Please consult your tax or legal advisor to address your specific circumstances. 2021 Blake Wilson will now serve as president and chief executive officer of TIAA, FSB. Whether building emergency savings or buying their first home, customers want to turn to a company they trust,” said Kathie Andrade, chief executive officer of TIAA’s Retail Financial Services business. EverBank’s board of directors unanimously approved the transaction following a comprehensive review of the transaction and strategic and financial alternatives. Member FDIC. TIAA Bank's client service is available 7 days a week, so you can rest assured that we’ll be around when you need us. Prior to the closing of the transaction, Wilson was EverBank’s president and chief operating officer. Andrade also will now serve as chairman of the board of the new bank, TIAA, FSB. Customers will be kept informed regarding account conversions as the integration progresses. We’ve been on a mission to help our customers reach their financial goals. EverBank reported $27.8 billion in total assets and $19.3 billion in total deposits as of March 31, 2017. Wilson will continue in his capacity as a member of the board of directors of the new bank. We look forward to introducing our unique consumer and commercial banking products to the millions of individuals and the institutions that TIAA serves today, while enhancing the investment and retirement product offerings for our clients. Each is solely responsible for its own financial condition and contractual obligations. We’ve been on a mission to help our customers reach their financial goals. Posted March 30, 2018 12:38 p.m. EDT Updated August 7, 2018 6:00 p.m. EDT TIAA announced an agreement to acquire EverBank, a nationwide consumer and commercial bank with $27.4 billion in total assets. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities products. Under the terms of the agreement, EverBank stockholders will receive $19.50 per share in cash, or an approximate total of $2.5 billion. Completing a process that began nearly a year ago, TIAA announced Monday that it finalized its acquisition of EverBank Financial Corp. and its wholly owned subsidiary EverBank, a … “Whether saving for the future, buying a home or managing their day-to-day finances, everyone needs powerful and reliable banking and lending services to help them reach their financial goals,” said Kathie Andrade, chief executive officer of TIAA’s Retail Financial Services business and chairman of the board of TIAA, FSB. TIAA (TIAA.org) is a unique financial partner. The companies also outlined Jacksonville's continued role after the acquisition is complete. “EverBank’s complementary capabilities and two decades of profitability make this an excellent investment and a great strategic fit for TIAA. Kathie Andrade will continue in her role as chief executive officer of TIAA’s Retail Financial Services business. If you’re an account holder at Everbank, which merged with TIAA and then changed its name, then you already have an option for a foreign currency account at your home bank. EverBank Financial executives applauded as their company's shares began trading on the floor of the New York Stock Exchange in 2012. NEW YORK-- (BUSINESS WIRE)--TIAA, a leading financial services provider, announced today the successful completion of its acquisition of EverBank Financial Corp (NYSE:EVER) and its … For additional factors that could materially affect our financial results and our business generally, please refer to EverBank Financial Corp’s filings with the SEC, including but not limited to, the factors, uncertainties and risks described under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Neither TIAA nor EverBank Financial Corp undertakes any obligation to revise these statements following the date of this press release, except as required by law. Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. The combination of TIAA’s existing banking operations and EverBank will significantly bolster TIAA’s banking capabilities and form a full-service banking company uniquely positioned to help both companies’ customers succeed. The transaction is subject to closing conditions, including the receipt of regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System and the approval by EverBank’s common stockholders, and is expected to close in the first half of 2017. Jacksonville, Fl - Jacksonville-based EverBank is entering into a formal agreement to be acquired by TIAA for $2.5 billion in cash. We've gathered resources to keep you informed and answer your questions in this time of uncertainty. Accordingly, you are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. The TIAA group of companies does not provide legal or tax advice. TIAA has $889 billion in assets under management (as of 6/30/16) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services. This acquisition also gives TIAA a talented employee base and significant business operations in Jacksonville, Florida, and other key markets across the country. TIAA 's acquisition of EverBank … TIAA (TIAA.org) is a unique financial partner. Equal Housing Lender. Even though we’ve grown to become a top money manager, we don’t forget why we’re here in the first place. August 09, 2016 — NEW YORK & JACKSONVILLE, Fla.–(BUSINESS WIRE)–TIAA, a leading financial services provider, announced today an agreement to acquire EverBank (NYSE: EVER), a nationwide … It's free and will improve your experience. This acquisition also gives TIAA a talented employee base and significant business operations in Jacksonville, Florida, and other key markets across the country. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. The acquisition significantly expands TIAA’s existing retail banking and lending products and complements the company’s full suite of retirement, investment and advisory services. Lazard acted as lead financial advisor and Davis Polk & Wardwell LLP served as legal counsel to TIAA. TIAA and EverBank Financial Corp and its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the holders of EverBank Financial Corp Common Stock in connection with the proposed transaction. TIAA notified the Securities and Exchange Commission on Friday that the acquisition of EverBank Financial Corp. and EverBank has been finalized.. “EverBank was created to be a different type of bank – a nationwide financial services firm dedicated to working closely with our clients to help them pursue their unique long-term financial goals by truly understanding their personal definition of success,” said Blake Wilson, president and chief executive officer of TIAA, FSB. Headquartered in Jacksonville, Florida, EverBank has $27.4 billion in assets and $18.8 billion in deposits as of June 30, 2016. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country. TIAA has $938 billion in assets under management2 (as of 3/31/2017) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services. Before you log in, please upgrade your browser. The transaction was originally announced August 8, 2016. He became president and CEO of TIAA Bank in June 2017 after the two firms completed their merger. This acquisition significantly expands TIAA’s banking and lending … The acquisition significantly expands … TIAA announced an agreement to acquire EverBank, a nationwide consumer and commercial bank with $27.4 billion in total assets. Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. TIAA Bank launched in June 2018 following the previous year's merger of EverBank and TIAA, The bank is based in Jacksonville, Fla., but accounts are available to residents in all 50 states … We notice you're using an older browser with outdated security features. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements in this press release, including, but not limited to:  the risk that the Merger may not be completed in a timely manner or at all, which may adversely affect EverBank Financial Corp’s business and the price of EverBank Financial Corp Common Stock; required governmental approvals of the Merger may not be obtained or may not be obtained on the terms expected or on the anticipated schedule, and materially burdensome or adverse regulatory conditions may be imposed in connection with any such governmental approvals; EverBank Financial Corp’s stockholders may fail to approve the Merger; the parties to the Merger Agreement may fail to satisfy other conditions to the completion of the Merger, or may not be able to meet expectations regarding the timing and completion of the Merger; the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; the effect of the announcement or pendency of the Merger on EverBank Financial Corp’s business relationships, operating results, and business generally; risks that the proposed Merger disrupts current plans and operations of EverBank Financial Corp and potential difficulties in EverBank Financial Corp employee retention as a result of the Merger; risks related to diverting management’s attention from EverBank Financial Corp’s ongoing business operations; the outcome of any legal proceedings that may be instituted against EverBank Financial Corp related to the Merger Agreement or the Merger; the amount of the costs, fees, expenses and other charges related to the Merger; the ability of TIAA to successfully integrate EverBank Financial Corp’s operations, product lines, and technology; the ability of TIAA to implement its plans, forecasts, and other expectations with respect to EverBank Financial Corp’s business after the completion of the proposed merger and realize additional opportunities for growth and innovation; the impact of changes in interest rates; and political instability. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC regarding the proposed merger when they become available. Brings together a leading provider of financial services and a nationwide, diversified bank, Enhances TIAA’s suite of products and services to support customers at all life stages. © TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses nationwide. In September, TIAA Bank announced Fischer would succeed Wilson, who was retiring to … The filing comes after the Federal Reserve … We're here to help guide you through challenging times. SIPC only protects customers’ securities and cash held in brokerage accounts. Jacksonville-based EverBank Financial Corp. becomes TIAA Bank after its merger with TIAA Direct. Equal Housing Lender. TIAA, the parent company of TIAA Direct, bought EverBank for $2.5 billion. It's free and will improve your experience. The holders of the EverBank’s Series A 6.75% Non-Cumulative Perpetual Preferred Stock will have the right to receive the liquidation preference of $25,000 plus accrued and unpaid dividends on a share in cash at closing. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. Investors and stockholders of EverBank Financial Corp are urged to read all relevant documents filed with the SEC, including EverBank Financial Corp's proxy statement, because they will contain important information about the prosposed transaction. NEW YORK & JACKSONVILLE, Fla.-- (BUSINESS WIRE)--TIAA, a leading financial services provider, announced today an agreement to acquire EverBank (NYSE: EVER), a nationwide consumer and … TIAA also plans to continue to expand its digital capabilities for banking customers. A spokeswoman for EverBank said the announcement was sent first to employees and customers Friday and that a larger “celebration” of the merger … NEW YORK & JACKSONVILLE, Fla.--(BUSINESS WIRE)--TIAA, a leading financial services provider, announced today an agreement to acquire EverBank (NYSE: EVER), a nationwide consumer and commercial bank with $27.4 billion in total assets.This acquisition significantly expands TIAA… Robert Clements retired as EverBank Financial Corp’s chairman of the board and chief executive officer upon the completion of the acquisition. NEW YORK, June 12, 2017 – TIAA, a leading financial services provider, announced today the successful completion of its acquisition of EverBank Financial Corp (NYSE: EVER) and its wholly owned … NEW YORK, June 12, 2017 – TIAA, a leading financial services provider, announced today the successful completion of its acquisition of EverBank Financial Corp (NYSE: EVER) and its wholly owned subsidiary EverBank. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . Its California Certificate of Authority number is 6992. In connection with the transaction, EverBank Financial Corp intends to file relevant materials with the Securities and Exchange Commission (“SEC”), including a proxy statement on Schedule 14A. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . © June 12, 2017 — NEW YORK– (BUSINESS WIRE)–TIAA, a leading financial services provider, announced today the successful completion of its acquisition of EverBank Financial Corp (NYSE:EVER) and its … Equal Housing Lender. Its California Certificate of Authority number is 6992. Investors and stockholders should read the proxy statement carefully when it becomes available before making any investment or voting decisions. See how TIAA Bank can help you throughout the loan process, whether you're buying, refinancing or accessing equity. “Helping our clients succeed throughout their lives is at the heart of TIAA’s mission, and the reason our employees come to work each day.”. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. TIAA intends to maintain a strong presence and an active role in the Jacksonville community, with the city serving as the combined bank’s headquarters. 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