TIAA Bank is an American diversified

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

organization under the auspices of

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

-based

TIAA The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF), is a Fortune 100 financial services organization that is the leading provider of financial services in the academic, research, ...

. Based in

Jacksonville, Florida Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the largest city by area in the contiguous United States as of 2020. It is the seat of Duval County, with which the ...

, TIAA Bank provides

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

ing,

mortgages A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pu ...

, and

investing Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

services throughout the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. The institution was formed through the combination of TIAA Direct, TIAA's former banking division, and

EverBank EverBank, now TIAA Bank, is an American diversified financial services company providing banking, mortgages, and investment, investing services. It is based in Jacksonville, Florida, U.S. It operates through standard banking offices and through i ...

. The new name became official on June 4, 2018, following EverBank's acquisition by TIAA in July 2017.

History

Originally named Teachers Insurance and Annuity Association of America,

was created in 1918 by

Andrew Carnegie Andrew Carnegie (, ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans i ...

, a Scottish-American industrialist, business magnate, and philanthropist known for building

Carnegie Hall Carnegie Hall ( ) is a concert venue in Midtown Manhattan in New York City. It is at 881 Seventh Avenue (Manhattan), Seventh Avenue, occupying the east side of Seventh Avenue between West 56th Street (Manhattan), 56th and 57th Street (Manhatta ...

in New York, NY, and for the 2,509 public and university libraries whose construction he funded across the U.S. and beyond.

reached a deal to buy

for $2.5 billion in cash on August 8, 2016. On June 12, 2017, the company officially became "TIAA FSB Holdings, Inc. formerly known as EverBank Financial Corp". Nearly a year later, TIAA began rebranding all of its banking activities under the ''TIAA Bank'' name on June 4, 2018. On Nov 3, 2022, TIAA entered into an agreement to spin off TIAA Bank to private interests.

Community involvement

Since 2018, the bank has donated nearly 9 million dollars to over 100 charitable organizations based upon 4 main pillars: education, environment, hunger and community building. TIAA Bank has given support to organizations such as the following: *

Habitat for Humanity Habitat for Humanity International (HFHI), generally referred to as Habitat for Humanity or Habitat, is a US non-governmental, and nonprofit organization which was founded in 1976 by couple Millard and Linda Fuller. Habitat for Humanity is a Ch ...

Ronald McDonald House Charities Ronald McDonald House Charities (RMHC) is an independent American nonprofit organization whose stated mission is to create, find, and support programs that directly improve the health and well-being of children. RMHC has a global network of c ...

United Way United Way is an international network of over 1,800 local nonprofit fundraising affiliates. United Way was the largest nonprofit organization in the United States by donations from the public, prior to 2016. United Way organizations raise funds ...

Take Stock in Children Take Stock in Children Inc. (TSIC) is a nonprofit organization founded by Don Pemberton in 1995 and based in Fort Lauderdale, Florida. The organization aims to provide mentors and college scholarships to low-income students in Florida, in order ...

Junior Achievement JA (Junior Achievement) Worldwide is a global non-profit youth organization founded in 1919 by Horace A. Moses, Theodore Vail, and Winthrop M. Crane. JA works with local businesses, schools, and organizations to deliver experiential learning ...

*The McKenzie Noelle Wilson Foundation

TIAA Bank Field

Originally named Jacksonville Municipal Stadium, and later Alltel Stadium, the home of the

Jacksonville Jaguars The Jacksonville Jaguars are a professional American football team based in Jacksonville, Florida. The Jaguars compete in the National Football League (NFL) as a member club of the American Football Conference (AFC) South division. The team play ...

got a new name on the eve of the 2010 training camp, when EverBank Financial Corp and the Jaguars introduced EverBank Field on July 27, 2010. The partnership included a five-year naming rights agreement, which was extended by another 10 years in 2014. On June 4, 2018, EverBank became TIAA Bank and the stadium was renamed TIAA Bank Field.

References

External links

TIAA Bank's Website
{{DEFAULTSORT:TIAA Bank TIAA Banks established in 2018 2018 establishments in Florida Companies based in Jacksonville, Florida Banks based in Jacksonville, Florida American companies established in 2018

History

Community involvement

TIAA Bank Field

See also

References

External links