TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. 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 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. This announcement, made around two weeks after EverBank stated it was in talks to be acquired, will see stockholders receive $19.50 per share in cash. Kathie Andrade will continue in her role as chief executive officer of TIAA’s Retail Financial Services business. More information on EverBank can be found at. EverBank Changes Name to TIAA Bank: What You Need to Know. Today, we are excited to announce that EverBank has entered into a formal agreement to be acquired by TIAA. TIAA Direct and EverBank are divisions of TIAA, FSB. On August 8, 2016, TIAA reached a deal to buy EverBank for $2.5 billion in cash. 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. 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 … In September, TIAA Bank announced Fischer would succeed Wilson, who was retiring to … TIAA (TIAA.org) is a unique financial partner. 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. 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. 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. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. 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. This acquisition significantly expands TIAA’s banking and lending … Its California Certificate of Authority number is 3092. Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. 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 announced an agreement today to acquire Jacksonville-based EverBank (NYSE: EVER). SIPC only protects customers’ securities and cash held in brokerage accounts. The move will unify the branding of EverBank and TIAA’s own online bank, TIAA … Headquartered in Jacksonville, Florida, EverBank has $27.4 billion in assets and $18.8 billion in deposits as of June 30, 2016. 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. JUN 30, 2017 - 7:38 am TIAA announced the successful completion of its acquisition of EverBank Financial and its wholly owned subsidiary EverBank. J.P. Morgan Securities LLC also acted as financial advisor to TIAA. Jacksonville, Fl - Jacksonville-based EverBank is entering into a formal agreement to be acquired by TIAA for $2.5 billion in cash. We notice you're using an older browser with outdated security features. TIAA announced an agreement to acquire EverBank, a nationwide consumer and commercial bank with $27.4 billion in total assets. 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. 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. TIAA also plans to continue to expand its digital capabilities for banking customers. Investors and stockholders should read the proxy statement carefully when it becomes available before making any investment or voting decisions. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . EverBank reported $27.8 billion in total assets and $19.3 billion in total deposits as of March 31, 2017. Lazard acted as lead financial advisor and Davis Polk & Wardwell LLP served as legal counsel to TIAA. The filing comes after the Federal Reserve … 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. TIAA 's acquisition of EverBank … Please consult your tax or legal advisor to address your specific circumstances. Prior to the closing of the transaction, Wilson was EverBank’s president and chief operating officer. 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. This is a momentous day for our company, our clients and our associates, as we … 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. 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 … Since its founding more than 20 years ago, EverBank has brought an innovative and forward-thinking approach to banking that offers customers superior tools and opportunities to understand, manage and grow their money. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. 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. Its California Certificate of Authority number is 6992. and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017. EverBank’s established banking operations will enable TIAA to provide a more comprehensive range of services with an enhanced customer experience. Even though we’ve grown to become a top money manager, we don’t forget why we’re here in the first place. This truly is a great new chapter for all EverBank stakeholders.”. “Our two companies are a great match. Andrade also will now serve as chairman of the board of the new bank, TIAA, FSB. We’ve been on a mission to help our customers reach their financial goals. EverBank’s board of directors unanimously approved the transaction following a comprehensive review of the transaction and strategic and financial alternatives. 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.”. 2021 “I am very excited to welcome EverBank to the TIAA team,” said Roger W. Ferguson, Jr., president and chief executive officer at TIAA. 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. 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. 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. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities products. We’ve been on a mission to help our customers reach their financial goals. Box 1284 Charlotte, NC 28201-1284. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses nationwide. TIAA announced today an agreement to acquire EverBank (NYSE: EVER), a nationwide consumer and commercial bank with $27.4 billion in total assets. Before you log in, please upgrade your browser. Equal Housing Lender. “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. 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 … 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 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. EverBank announced its agreement in August to merge with TIAA… “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.”. The TIAA group of companies does not provide legal or tax advice. 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. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. A spokeswoman for EverBank said the announcement was sent first to employees and customers Friday and that a larger “celebration” of the merger … Even though we’ve grown to become a top money manager, we don’t forget why we’re here in the first place. 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 … Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . 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 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 … Jacksonville-based EverBank Financial Corp. becomes TIAA Bank after its merger with TIAA Direct. Equal Housing Lender. The Daily Record reported a EverBankspokeswoman has confirmed that EverBank Financial Corp. is becoming TIAA Bank after its … 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. This acquisition also gives TIAA a talented employee base and significant business operations in Jacksonville, Florida, and other key markets across the country. See how TIAA Bank can help you throughout the loan process, whether you're buying, refinancing or accessing equity. “Our strategic investment in EverBank is squarely in keeping with that mission, and enables us to diversify, innovate and expand our business to meet the financial needs of our customers in a comprehensive way for generations to come.”. TIAA, the giant pension fund, is acquiring EverBank, a small bank that does … The Federal Reserve approved a merger Friday between the Jacksonville-based EverBank Financial Corporation and Teachers Insurance and Annuity Association of America, better known as TIAA. 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. “Saving is essential to reaching important life goals. We're here to help guide you through challenging times. We've gathered resources to keep you informed and answer your questions in this time of uncertainty. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), 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. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities products. TIAA currently offers a variety of savings and lending products to its customers. We're here to help guide you through challenging times. An unorthodox American bank deal has provided the industry with a timely reminder on mergers and acquisitions. The transaction was originally announced August 8, 2016. Each is solely responsible for its own financial condition and contractual obligations. But while that may seem … He became president and CEO of TIAA Bank in June 2017 after the two firms completed their merger. 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 announced an agreement to acquire EverBank, a nationwide consumer and commercial bank with $27.4 billion in total assets. Member FDIC. Deposit and lending services and products are provided by TIAA, FSB. “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.”. 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. 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. Member FDIC. 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. This acquisition also gives TIAA a talented employee base and significant business operations in Jacksonville, Florida, and other key markets across the country. We notice you're using an older browser with outdated security features. It’s a done deal between EverBank Financial Corp. and TIAA. Each is solely responsible for its own financial condition and contractual obligations. 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. Equal Housing Lender. See how TIAA Bank can help you throughout the loan process, whether you're buying, refinancing or accessing equity. This press release may be deemed to be solicitation material in respect of the proposed merger between EverBank Financial Corp and TIAA. TIAA (TIAA.org) is a unique financial partner. Posted March 30, 2018 12:38 p.m. EDT Updated August 7, 2018 6:00 p.m. EDT 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 … The following management changes, announced last August, are effective today. The companies also outlined Jacksonville's continued role after the acquisition is complete. Please consult your tax or legal advisor to address your specific circumstances. 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. Before you log in, please upgrade your browser. For TIAA Bank World Markets Accounts: Call the World Markets Desk at 1-800-926-4922 or write to us at: TIAA … “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. 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. “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. 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. This acquisition significantly expands TIAA’s banking and lending … Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. 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. EverBank Financial executives applauded as their company's shares began trading on the floor of the New York Stock Exchange in 2012. 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. 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