everbank tiaa merger

We’ve been on a mission to help our customers reach their financial goals. Box 1284 Charlotte, NC 28201-1284. 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. For TIAA Bank World Markets Accounts: Call the World Markets Desk at 1-800-926-4922 or write to us at: TIAA … “Our two companies are a great match. A spokeswoman for EverBank said the announcement was sent first to employees and customers Friday and that a larger “celebration” of the merger … TIAA notified the Securities and Exchange Commission on Friday that the acquisition of EverBank Financial Corp. and EverBank has been finalized.. Together, we look forward to bringing an enhanced level of service and an expanded range of financial solutions to our millions of loyal customers and the institutions we serve.”. Its California Certificate of Authority number is 6992. SIPC only protects customers’ securities and cash held in brokerage accounts. The companies also outlined Jacksonville's continued role after the acquisition is complete. Headquartered in Jacksonville, Florida, EverBank has $27.4 billion in assets and $18.8 billion in deposits as of June 30, 2016. Customers will be kept informed regarding account conversions as the integration progresses. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Under the terms of the agreement, EverBank stockholders will receive $19.50 per share in cash, or an approximate total of $2.5 billion. This acquisition significantly expands TIAA’s banking and lending … 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. 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 … EverBank Changes Name to TIAA Bank: What You Need to Know. 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. But while that may seem … We’ve been on a mission to help our customers reach their financial 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. Today, we are excited to announce that EverBank has entered into a formal agreement to be acquired by TIAA. 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. Robert Clements retired as EverBank Financial Corp’s chairman of the board and chief executive officer upon the completion of the acquisition. 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. As is customary when a company has a merger pending, EverBank did not provide any commentary on its earnings and did not hold a conference call with analysts to discuss the results. 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. 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. An unorthodox American bank deal has provided the industry with a timely reminder on mergers and acquisitions. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses nationwide. 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. Jacksonville, Fl - Jacksonville-based EverBank is entering into a formal agreement to be acquired by TIAA for $2.5 billion in cash. 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… “For nearly a century, TIAA has helped to provide financial well-being for millions of customers,” said Roger W. Ferguson, Jr., president and chief executive officer of TIAA. Prior to the closing of the transaction, Wilson was EverBank’s president and chief operating officer. The combined bank will be headquartered in Jacksonville, and the bank expects to maintain a strong presence and active role in the local community. 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. Please consult your tax or legal advisor to address your specific circumstances. TIAA currently offers a variety of savings and lending products to its customers. This truly is a great new chapter for all EverBank stakeholders.”. 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. SIPC only protects customers’ securities and cash held in brokerage accounts. For TIAA Bank Deposit Accounts: Call a Client Solutions Specialist at 1-888-882-3837 or write to us at: TIAA Bank P.O. JUN 30, 2017 - 7:38 am TIAA announced the successful completion of its acquisition of EverBank Financial and its wholly owned subsidiary EverBank. 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. TIAA Direct and EverBank are divisions of TIAA, FSB. Jacksonville-based EverBank Financial Corp. becomes TIAA Bank after its merger with TIAA Direct. This acquisition significantly expands TIAA’s banking and lending … “I am very excited to welcome EverBank to the TIAA team,” said Roger W. Ferguson, Jr., president and chief executive officer at TIAA. In September, TIAA Bank announced Fischer would succeed Wilson, who was retiring to … Lazard acted as lead financial advisor and Davis Polk & Wardwell LLP served as legal counsel to TIAA. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities products. EverBank’s board of directors unanimously approved the transaction following a comprehensive review of the transaction and strategic and financial alternatives. The TIAA group of companies does not provide legal or tax advice. We're here to help guide you through challenging times. 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. 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. and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017. Information about EverBank Financial Corp’s directors and executive officers is available in EverBank Financial Corp’s proxy statement for its 2016 Annual Meeting of Stockholders, which was filed with the SEC on April 6, 2016. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . “EverBank’s complementary capabilities and two decades of profitability make this an excellent investment and a great strategic fit for TIAA. TIAA, the parent company of TIAA Direct, bought EverBank for $2.5 billion. Please consult your tax or legal advisor to address your specific circumstances. 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. TIAA acquired EverBank Financial in June 2017 for $2.5 billion in cash and since then, it has operated the bank as a separate company with its own branding. 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 (TIAA.org) is a unique financial partner. Before you log in, please upgrade your browser. 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. © 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. TIAA also plans to continue to expand its digital capabilities for banking customers. The two financial institutions completed their $2.5 billion merger Friday. 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. Each is solely responsible for its own financial condition and contractual obligations. 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. “Saving is essential to reaching important life goals. 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, NY & Jacksonville, FL, August 8, 2016 – TIAA, a leading financial services provider, announced today an agreement to acquire EverBank (NYSE: EVER), a nationwide consumer and commercial bank … This rebranding comes almost one year after TIAA acquired EverBank Financial Corp in June 2017. 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. EverBank Financial executives applauded as their company's shares began trading on the floor of the New York Stock Exchange in 2012. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. 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. EverBank reported $27.8 billion in total assets and $19.3 billion in total deposits as of March 31, 2017. We notice you're using an older browser with outdated security features. We notice you're using an older browser with outdated security features. 2021 The acquisition significantly expands … Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. TIAA announced an agreement to acquire EverBank, a nationwide consumer and commercial bank with $27.4 billion in total assets. 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. The filing comes after the Federal Reserve … “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.”. 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. Investors and stockholders should read the proxy statement carefully when it becomes available before making any investment or voting decisions. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. It’s a done deal between EverBank Financial Corp. and TIAA. This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be protected by the safe harbor provided therein. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . 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. Kathie Andrade will continue in her role as chief executive officer of TIAA’s Retail Financial Services business. It's free and will improve your experience. “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. Even though we’ve grown to become a top money manager, we don’t forget why we’re here in the first place. 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.