TIAA Direct and EverBank are divisions of TIAA, FSB. EverBank’s board of directors unanimously approved the transaction following a comprehensive review of the transaction and strategic and financial alternatives. Under the terms of the agreement, EverBank stockholders will receive $19.50 per share in cash, or an approximate total of $2.5 billion. 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. Its California Certificate of Authority number is 6992. Member FDIC. This acquisition also gives TIAA a talented employee base and significant business operations in Jacksonville, Florida, and other key markets across the country. 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. As a trusted, diversified financial services company with a full suite of solutions, including retirement, investment and advisory services, TIAA will be able to support EverBank’s customers and help them achieve financial well-being in a more robust way. Certain stockholders, directors and executive officers of EverBank with the power to vote approximately 22% of EverBank’s outstanding common stock have entered into voting and support agreements with TIAA to vote in favor of, and otherwise support, the transaction. 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. “All of us at EverBank are extremely excited about the many new opportunities TIAA will bring for our clients, our associates and the communities we serve,” said Rob Clements, EverBank chairman and chief executive officer. Lazard acted as lead financial advisor and Davis Polk & Wardwell LLP served as legal counsel to TIAA. Jacksonville-based EverBank Financial Corp. becomes TIAA Bank after its merger with TIAA Direct. Deposit and lending services and products are provided by TIAA, FSB. 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 … Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Kathie Andrade will continue in her role as chief executive officer of TIAA’s Retail Financial Services business. 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 … Prior to the closing of the transaction, Wilson was EverBank’s president and chief operating officer. We’ve been on a mission to help our customers reach their financial goals. Its California Certificate of Authority number is 6992. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities products. The companies also outlined Jacksonville's continued role after the acquisition is complete. 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. Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. Equal Housing Lender. 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. Its California Certificate of Authority number is 3092. We've gathered resources to keep you informed and answer your questions in this time of uncertainty. See how TIAA Bank can help you throughout the loan process, whether you're buying, refinancing or accessing equity. TIAA also plans to continue to expand its digital capabilities for banking customers. We notice you're using an older browser with outdated security features. Since its founding more than 20 years ago, EverBank has brought an innovative and forward-thinking approach to banking that offers its clients superior tools and opportunities to understand, manage and grow their money. “Saving is essential to reaching important life goals. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. With an award-winning1 track record for consistent investment performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. 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 … 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. Investors and stockholders should read the proxy statement carefully when it becomes available before making any investment or voting decisions. For TIAA Bank Deposit Accounts: Call a Client Solutions Specialist at 1-888-882-3837 or write to us at: TIAA Bank P.O. © 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. “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. We’ve been on a mission to help our customers reach their financial goals. The combined bank will be headquartered in Jacksonville, and the bank expects to maintain a strong presence and active role in the local community. The acquisition significantly expands … “We know that our approach to banking – our commitment to service, performance and innovation – is a perfect fit with TIAA’s full suite of products and services, and we’re thrilled to have the opportunity to introduce our bank to an even broader audience.”. A spokeswoman for EverBank said the announcement was sent first to employees and customers Friday and that a larger “celebration” of the merger … This is a momentous day for our company, our clients and our associates, as we … “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.”. The TIAA group of companies does not provide legal or tax advice. TIAA 's acquisition of EverBank … 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. TIAA (TIAA.org) is a unique financial partner. Andrade also will now serve as chairman of the board of the new bank, TIAA, FSB. © 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 … “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're here to help guide you through challenging times. EverBank announced its agreement in August to merge with TIAA… Before you log in, please upgrade your browser. 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. 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. Significantly expands TIAA’s suite of products and services, Consumer and commercial banking and lending, digital capabilities play key role in financial well-being, 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. With an award-winning track record for consistent investment performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. Posted March 30, 2018 12:38 p.m. EDT Updated August 7, 2018 6:00 p.m. EDT An unorthodox American bank deal has provided the industry with a timely reminder on mergers and acquisitions. 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. TIAA notified the Securities and Exchange Commission on Friday that the acquisition of EverBank Financial Corp. and EverBank has been finalized.. TIAA announced an agreement today to acquire Jacksonville-based EverBank (NYSE: EVER). Its California Certificate of Authority number is 3092. EverBank Changes Name to TIAA Bank: What You Need to Know. We generally identify forward-looking statements, particularly those statements regarding the benefits of the proposed Merger between TIAA and EverBank Financial Corp, the anticipated timing of the transaction and the products and markets of each company, by terminology such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “would,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “projects,” “strategy,” “future,” “opportunity,” “will likely result” or the negative version of those words or other comparable words. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. 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. See how TIAA Bank can help you throughout the loan process, whether you're buying, refinancing or accessing equity. It's free and will improve your experience. “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. This acquisition significantly expands TIAA’s banking and lending … 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. and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017. In September, TIAA Bank announced Fischer would succeed Wilson, who was retiring to … According to TIAA, TIAA Bank will aim to help clients achieve financial well-being up to … 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.