TITLE

Everbank Wants More Deals That Boost Its Capital Ratios

AUTHOR(S)
Fajt, Marissa
PUB. DATE
February 2010
SOURCE
American Banker;2/18/2010, Vol. 175 Issue 26, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Everbank Financial Corporation in Jacksonville, Florida has completed its acquisition of the commercial finance and specialty lender Tygris Commercial Finance Group. According to the article, the acquisition forced over 500 million dollars of capital into Everbank. Robert Clements, Everbank's chairman and chief executive officer, discusses whether or not his company could have raised as much capital without the acquisition.
ACCESSION #
48213825

 

Related Articles

  • M&A Twist: Pay to Get Acquired. Fajt, Marissa // American Banker;10/28/2009, Vol. 174 Issue 196, p1 

    The article reports on an all-stock deal in the U.S. between Everbank Financial Corp. and Tygris Commercial Finance Group Inc. in which the thrift acquires the nonbank commercial lender. The issues related to the deal are capital for depositories and funding for finance companies. Financial data...

  • Failures Lure Florida's EverBank into Offline Waters. Witkowski, Rachel // American Banker;6/4/2010, Vol. 175 Issue F321, p1 

    The article reports that EverBank of Jacksonville, Florida has acquired three failed Bank of Florida franchises, 13 branches across the state, and increasing its assets by 15%. According to the article, Robert Clements, EverBank Financial Corporation's chairman and chief executive, commented...

  • A CLO Rebirth? MacFadyen, Ken // Mergers & Acquisitions Report;3/29/2010, Vol. 23 Issue 13, p2 

    The article offers a look at the market for collateralized loan obligation (CLO). According to deal experts, the CLO market is significant to senior debt. The author claims that the sale of Tygris Commercial Finance Group in October 2009 to Everbank demonstrated the difficulty of launching a...

  • people. Stewart, Jackie; Wack, Kevin; Barba, Robert // American Banker;12/7/2012, Vol. 177 Issue F347, p2 

    The article presents banking industry news briefs as of December 7, 2012 on topics including a sweepstakes for tickets to the Super Bowl football championship game in 2013 offered by Robert Clements, chief executive officer (CEO) of the community bank EverBank Financial; an auction for the sale...

  • EverBank Boosts Revenue 45%, Will Exit Wholesale Mortgage. Stewart, Jackie; Cumming, Chris // American Banker;7/31/2013, Vol. 178 Issue 117, p11 

    The article focuses on EverBank Financial in Jacksonville, Florida which plans to shut down its wholesale-mortgage business and also announced its second-quarter 2013 net income rose to $146.8 million. The article notes EverBank's net interest income, noninterest expense, and net loan-servicing...

  • $2.5B Deal Removes Sting Of EverBank's IPO Letdown. Monks, Matthew // American Banker;7/3/2012, Vol. 177 Issue 102, p1 

    The article focuses on EverBank Financial, a Florida bank that announced through its chief executive officer Robert Clements that it has a $2.5 billion cash deal to buy GE Capital's Business Property Lending unit. Discussion topics include EverBank's $200 million initial public offering in May...

  • With Deal Off, Does NetBank Have a Plan B? Bills, Steve // American Banker;9/18/2007, Vol. 172 Issue 180, p1 

    The article reports that Everbank Financial Corp. will not acquire certain assets of NetBank Inc., as originally agreed to in May of 2007. NetBank has suffered losses since the second quarter of 2006 and was under pressure from bank regulators to find a partner. Banking consultant Bert Ely of...

  • NetBank: Deals With EverBank Will Close Soon. Terris, Harry // American Banker;8/10/2007, Vol. 172 Issue 154, p17 

    This article reports on the completion of sales negotiations of NetBank Inc.'s Internet banking operation and mortgage servicing rights to EverBank Financial Corp. of Jacksonville, Florida. The deal could be terminated if not closed by August 31, 2007 and substantial fees and penalties paid. The...

  • Earnings, Loans Surge at EverBank. Kline, Alan // American Banker;11/7/2008, Vol. 173 Issue 216, p5 

    The article reports that online banking company EverBank Corp. increased its profits by 12% in the third quarter of 2008 compared to the third quarter of 2007. The main factors in the company's growth were strong loan performance and increases in deposits. It increased its loan loss reserves up...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics