Buying Principal viewed as boost to EVEREN's southwest initiative
- Everen Capital buys Dallas broker-dealer. // Financial Planning;Feb98, Vol. 28 Issue 2, p28
Reports on Everen Capital Corp.'s agreement to acquire Principal Financial Securities of Dallas, Texas for $75 million. Comments from Everen vice president of corporate relations Ted McDougal; Incentive package to be offered to Principal's brokers.
- Everen inks deals with Firstar and Principal Financial. Wirth, Gregg // Investment Dealers' Digest;12/22/97, Vol. 63 Issue 51, p8
Reports on Chicago, Illinois-based Everen Capital Corp.'s high-profile deals in investment banking in the United States. Acquisition of investment bank Principal Financial Securities; Agreement with Firstar Corp. to expand its capital markets services; Significance of the deals for Everen Capital.
- First Union Muscles UpIn Brokerage With $1B Deal. RING, NIAMH // American Banker;4/27/1999, Vol. 164 Issue 79, p1
Reports on the plans of First Union Corp. to buy Everen Capital Corp. Value of the deal; Efforts to bolster its presence in retail brokerage; Expansion of its roster of licensed retail securities brokerage; Expected completion date of the deal.
- First Union Puts Its Name on Securities Divisions. RING, NIAMH // American Banker;10/4/1999, Vol. 164 Issue 190, p11
Reports on First Union Corp.'s completion of its acquisition of Everen Capital Corp. Value of the deal; Formation of a venture called First Union Securities Inc.; Plans for the merged entity's broker-dealer unit; Intention to build a company that is equal parts bank and securities business.
- Buyout awards Everen execs big paydays. STRAHLER, STEVEN R. // Crain's Chicago Business;05/03/99, Vol. 22 Issue 18, p3
Focuses on the impending sale of Everen Capital Corp. to Charlotte, North Carolina-based bank holding company First Union Corp. for about $45 million. Drop in First Union share prices after the acquisition announcement; Everen Chairman James R. Boris' strategy to raise the company's purchase...
- Newly public Everen reins in expenses, adds brokers. Fritz, Michael // Crain's Chicago Business;05/19/97, Vol. 20 Issue 20, p34
Reports that Everen Capital Corporation has turned around its losses to post an operating profit of $57.7 million on revenues of $536.6 million in 1997. Increase in first-quarter operating profits; Comments from chairman and chief executive officer James R. Boris; Information on Everen's joint...
- First Union heads West with purchase of Everen Capital. Lacey, Steve // Investment Dealers' Digest;05/03/99, Vol. 65 Issue 18, p11
States that First Union Corp.'s acquisition of Everen Capital Corp. elevated it as a truly national broker in the United States. Number of retail locations added with the merger; Differences in the organization of the two companies; Expansion of First Union's presence in the US market.
- Everen's stock run-up boosts odds of buyout. Strahler, Steven R. // Crain's Chicago Business;06/01/98, Vol. 21 Issue 22, p14
Presents information on the Everen Capital Corporation's annual meeting which discussed the company's financial performance for 1997. Indication that Everen's chairman James R. Boris discussed the increase in the company's net income; What the company specializes in; Comments from Boris;...
- Chicago observer. Strahler, Steven R. // Crain's Chicago Business;06/01/98, Vol. 21 Issue 22, p32
Presents information on issues relating to business in Chicago, Illinois. Information on the reform of campaign financing which was passed by the Illinois General Assembly in May, 1998; Details on Everen Capital Corporation's annual meeting; Impact of the El Nino on Chicago Public Schools.