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Ever Bank
Bank
is an American diversified financial services company providing banking, mortgages, and investing services. It is based in Jacksonville, Florida, U.S. It operates through standard banking offices and through its Direct Banking division. Ever Bank
Bank
Direct operates by telephone, mail, and over the Internet. As of September 30, 2015, Ever Bank
Bank
had approximately $25.2 billion in total assets.[3] On August 8, 2016, TIAA
TIAA
reached a deal to buy Ever Bank
Bank
for $2.5 billion in cash. This announcement, made around two weeks after Ever Bank
Bank
stated it was in talks to be acquired,[4] will see stockholders receive $19.50 per share in cash.[5] As of June 12, 2017, the company is now known as " TIAA
TIAA
FSB Holdings, Inc. formerly known as Ever Bank
Bank
Financial Corp".

Contents

1 History 2 Lawsuit 3 Community involvement 4 Jacksonville
Jacksonville
Jaguars 5 Awards 6 References 7 External links

History[edit] While the roots of Ever Bank
Bank
stretch back to 1961, the current incarnation was formed in 1994 when Chairman Robert Clements led an investor group in acquiring Jacksonville, Florida–based Alliance Mortgage Company. In 1998, Alliance Mortgage Company formed First Alliance Bank
Bank
in Jacksonville, Florida, and shortly thereafter acquired Marine National Bank, also of Jacksonville, Florida. In parallel, Frank Trotter, Rob Foregger, Vincent Amato, and David Galland led another investor group to found Ever Bank
Bank
as a national direct-to-consumer bank. The World Markets division of Ever Bank
Bank
originated as a department of Mark Twain Bank, a small St. Louis, Missouri, bank that founded the WorldCurrency(sm) service in 1986. In April 1997 Mark Twain Bank
Bank
was acquired by Mercantile Bank. Ever Bank
Bank
acquired the world currency division from Mercantile Bank
Bank
in April 1999. Ever Bank
Bank
World Markets is still located in Brentwood, Missouri, a St. Louis suburb and provides certificate of deposit (CD) accounts in euros and other non–U.S. dollar currencies.

Ever Bank
Bank
Center Downtown Jacksonville

Ever Bank
Bank
also has a stock brokerage affiliate called EverTrade Direct Brokerage, also located in Brentwood, that provides conventional stock, bond, and exchange-traded fund (ETF) broker services for buying and selling publicly traded securities.

Old Ever Bank
Bank
logo

On November 5, 2002, First Alliance Bank
Bank
acquired Ever Bank
Bank
and on February 2, 2004, the company took the name Ever Bank
Bank
and EverHome for its consumer-facing operations. On May 21, 2007, Ever Bank
Bank
agreed to acquire NetBank's direct banking and small business financing divisions and mortgage servicing portfolio. On 17 September 2007, Everbank announced that it was terminating this agreement, claiming that Net Bank
Bank
had been unable to comply with provisions regarding certain cash levels due to the 2007 subprime mortgage financial crisis. In 2008, Florida Trend
Florida Trend
magazine described Ever Bank
Bank
as being one of the nation's largest online banks.[6] EverBank's products include high-interest checking, money market accounts and CDs in addition to a suite of FDIC-Insured deposits denominated in foreign currency. Ever Bank
Bank
participates in the Certificate of Deposit Account Registry Service (CDARS).[7] The institution neither owns nor operates any ATMs, so they will refund ATM fees paid by checking account holders who send in the receipt, up to $6 per month.[8] Everbank may have been the first non-military, non-community bank offering deposits by check scanning for consumers.[9] On May 28, 2010, Ever Bank
Bank
announced that it had acquired all the deposits, substantially all of the assets, and certain liabilities of the Bank
Bank
of Florida – Southwest, Bank
Bank
of Florida – Southeast, and Bank
Bank
of Florida – Tampa Bay (collectively " Bank
Bank
of Florida") from the Federal Deposit Insurance Corporation
Corporation
(the "FDIC"), bringing its total assets to approximately $11.5 billion.[10] Lawsuit[edit] On April 24, 2009, a class action lawsuit was filed against EverBank in the Superior Court of California on behalf of purchasers of the bank's Icelandic Krona foreign currency denominated "CDs" as a result of that country's financial collapse of 2008. The lawsuit alleges that EverBank, against the instructions of its customers, closed the "CDs" at a commercially unreasonable exchange rate far below those published by financial institutions and currency exchanges, resulting in a loss of much of the "CD" purchasers' principal.[11] On July 8, 2009, EverBank's Executive Vice President, Frank Trotter filed a declaration to the court in response to the lawsuit. In the declaration, Trotter admitted that a total of 225 investors lost $4,007,662.81 as a result of Everbank's forced closing of their Icelandic Krona denominated "CDs". That averages out to a loss of about $18,000 per account.[12] "U.S. District Judge Richard Seeborg in San Jose granted EverBank summary judgment on all of Vathana's claims, finding, among other things, that Ever Bank
Bank
had the discretion to close the CDs because it would have been on the hook for some $12 million in losses had the currency not recovered."[13] Trotter went on to disclose, based on currency variation, that when investments in all of EverBank's WorldCurrency CDs (including those denominated in foreign currencies other than the Icelandic Krona) are taken into account, investors suffered a net loss amounting to almost $50 million over the past four years.[13] Community involvement[edit] EverBank/EverHome Mortgage has sponsored between 25[14] and 52[15] homes in the Jacksonville's Habitat for Humanity program (HabiJax), contributing between $1 million and $1.93 million, and 28,000 employee volunteer hours. Ever Bank
Bank
also supports the following organizations:[16]

The Bridge of Northeast Florida University of North Florida
University of North Florida
(UNF) Habitat for Humanity program (HabiJax) United Way of America Step Up for Students

Jacksonville
Jacksonville
Jaguars[edit]

Everbank Field showing the Ever Bank
Bank
signage

On July 26, 2010, the Florida Times-Union
Florida Times-Union
reported that EverBank purchased the naming rights to Jacksonville
Jacksonville
Municipal Stadium. The stadium had not had a sponsor since the end of the 2006 NFL
NFL
season when the prior contract with Alltel
Alltel
expired. The stadium has been known as Ever Bank
Bank
Field since the 2010 season.[17] The exclusive five-year agreement included EverBank's designation as the official bank of the Jaguars, promotions within Jaguars' game telecasts and a variety of other media rights to the Jaguars and Ever Bank
Bank
Field marks, prominent signage in the stadium and elsewhere in Jacksonville, business presence at Jaguars' home games – including Ever Bank
Bank
ATMs at the venue for use by fans – and various community outreach initiatives. Located at One Ever Bank
Bank
Field Drive on the shores of the St. Johns River in Jacksonville, Ever Bank
Bank
Field is the 67,246-seat home stadium of the National Football League's Jacksonville
Jacksonville
Jaguars. In 2005, the stadium served as the host site of Super Bowl XXXIX.[18] On July 25, 2014, Ever Bank
Bank
extended the naming rights of the stadium until 2024.[19] Awards[edit]

Ever Bank
Bank
has a 4 (of 5) star rating from Bauer Financial. Banks rated four stars or more are considered "safe, financially sound, and operating well above their regulatory capital requirements."[citation needed] Forbes
Forbes
and Online Banking Report's "Best of the Web"[citation needed] Kiplinger's Personal Finance
Kiplinger's Personal Finance
magazine's "Best Checking Account"[18][citation needed]

References[edit]

^ "Ever Bank
Bank
to go for $200 Million IPO". Seek Alpha.  Missing or empty url= (help); access-date= requires url= (help) ^ a b c "Ever Bank
Bank
Financial Corp Announces Fourth Quarter 2012 Financial Results". EverBank.com. Retrieved June 18, 2013.  ^ "FDIC: BankFind Details". research.fdic.gov. Retrieved 2016-01-08.  ^ Ensign, Rachel Louise; Demos, Telis (8 August 2016). " TIAA
TIAA
to Buy Ever Bank
Bank
for $2.5 Billion" – via Wall Street Journal.  ^ TIAA
TIAA
announces acquisition of Ever Bank
Bank
Jacksonville
Jacksonville
Business Journal ^ Keller, Amy: "Florida Companies With Promise" Florida Trend, September 1, 2008 ^ CDARS.COM – Institution Locator by Name ^ Forbes.com – Best of the Web award in the Banking section ^ "Deposit Checks Online With Your Scanner - BankFox".  ^ Ever Bank
Bank
Acquired Bank
Bank
of Florida ^ "Ever Bank
Bank
Class Action Lawsuit".  ^ "CaseNotes2".  ^ a b [1] ^ Moewe, M. (2006-04-19). "Ever Bank
Bank
to donate $115,000 to HabiJax". Jacksonville
Jacksonville
Business Journal. Retrieved 2009-06-16.  ^ "Ever Bank
Bank
swinging hammers for HabiJax". Jacksonville's Financial News & Daily Record. 2009-05-05. Retrieved 2009-06-16.  ^ "Corporate Philanthropy" Everbank.com ^ Mitchell, Tia:" Jacksonville
Jacksonville
sweetens deal – by $4 million – for Jaguars’ stadium agreement" Florida Times-Union, July 26, 2010 ^ a b "Ever Bank
Bank
and Jacksonville Jaguars
Jacksonville Jaguars
Launch Milestone Strategic Partnership" Everbank.com, July 27, 2010 ^ EverBank, Jaguars extend stadium naming rights agreement The Jaguars, 25 July 2014

External links[edit]

EverBank's Website Lawsuit Website Bank
Bank
Profile at the FDIC (Cert. 34775) Summary of deposits

v t e

Ever Bank
Bank
Financial Corp

Founders:

Robert M. Clements

Corporate directors:

Robert M. Clements (Chairman and CEO) Blake Wilson (President and COO) Steven J. Fischer (CFO) Gary A. Meeks (CRO) Seth Waller (CCO)

Divisions:

Ever Bank
Bank
Advisors Services Ever Bank
Bank
Commercial Finance Ever Bank
Bank
Commercial Real Estate Lending Ever Bank
Bank
Correspondent Ever Bank
Bank
Direct Banking Ever Bank
Bank
Direct Lending Ever Bank
Bank
Retail Banking Ever Bank
Bank
Retail Lending Ever Bank
Bank
Wealth Management Ever Bank
Bank
Wholesale Lending Ever Bank
Bank
World Markets EverHome Mortgage EverTrade Direct Brokerage

Historical components:

Bank
Bank
of Florida First Alliance Bank GE Capital
GE Capital
Real Estate Tygris Commercial Finance Group

Places and facilities:

110 Tower
110 Tower
(Ft. Lauderdale) Ever Bank
Bank
Center (Jacksonville) Ever Bank
Bank
Field (Jacksonville) Ever Bank
Bank
Plaza (Jacksonville) One Financial Center
One Financial Center
(Boston)

v t e

Investment
Investment
banks

Bank

Divisions of universal banks

Bulge bracket

Bank
Bank
of America Merrill Lynch Barclays Citi Institutional Clients Group Credit Suisse Deutsche Bank
Bank
Corporate and Investment
Investment
Bank J.P. Morgan & Co. (J.P. Morgan Cazenove) UBS Investment
Investment
Bank

Other

Berenberg Bank BMO Capital Markets BOC International BNP Paribas Corporate & Institutional Banking Brown Shipley CIBC World Markets CITIC Securities (CLSA) Commerzbank
Commerzbank
Corporate Clients Crédit Agricole Corporate and Investment
Investment
Bank Daiwa Securities Capital Markets Ever Bank
Bank
World Markets Harris Williams & Co. HSBC Global Banking and Markets ING Commercial Banking Is Investment KBC Bank Korea Development Bank
Bank
(Daewoo Securities) Lloyds Bank
Bank
Corporate Markets Mitsubishi UFJ Securities Mizuho Corporate Bank Natixis Nomura Securities RBC Capital Markets RBS Markets & International Banking Sberbank CIB Société Générale
Société Générale
Corporate & Investment
Investment
Bank Standard Chartered TD Securities UniCredit
UniCredit
Corporate & Investment
Investment
Banking VTB Capital Wells Fargo Securities

Independents

Bulge bracket

Goldman Sachs Morgan Stanley

Other

Allen & Company Blackstone Group Brewin Dolphin BTG Pactual Centerview Partners China International Capital Corporation Close Brothers Group China Everbright Group

China Everbright Limited Everbright Securities

Evercore Partners FBR Capital Markets Focus Investment
Investment
Banking Galaxy Greenhill & Co. Guosen Securities Haitong Securities Houlihan Lokey Investec Jefferies Keefe, Bruyette & Woods Lazard Lincoln International Macquarie Group Mediobanca Moelis & Company N M Rothschild & Sons Oppenheimer & Co. Perella Weinberg Partners Piper Jaffray Raymond James Financial Renaissance Capital ROTH Capital Partners Salam Investment
Investment
Ltd. Sandler O'Neill and Partners Stifel Nicolaus Stone Key Partners William Blair & Company

Category List

v t e

Jacksonville
Jacksonville
area-based corporations

List of companies in Jacksonville, Florida

Fortune 1000 corporations (2017 rank)

CSX Corporation
Corporation
(257) Fidelity National Financial
Fidelity National Financial
(293) FIS (301) Landstar System
Landstar System
(699)

Publicly traded corporations

Ameris Bancorp Atlantic Coast Financial Black Knight Financial Services EverBank FRP Holdings Patriot Transportation Rayonier Rayonier
Rayonier
Advanced Materials Regency Centers Stein Mart Web.com

Privately held businesses

Acosta Sales & Marketing Availity Bloch Publishing Company Crowley Maritime Elkins Constructors Fanatics Firehouse Subs Florida Blue Florida East Coast Railway Gate Petroleum Haskell Company Huckins Yacht Corporation I Wear Your Shirt Jacksonville
Jacksonville
Free Press KBJ Architects Larry's Giant Subs M. D. Moody & Sons Mac Papers MedMal Direct Insurance Company Metro Jacksonville MOBRO Marine PGA Tour Reynolds, Smith & Hills Ring Power Safariland St. Vincent's HealthCare Sally Corporation Seward Trunk Co. Southeastern Grocers Stellar Group Swisher International Group Trailer Bridge US Assure VyStar Credit Union

US headquarters of foreign businesses

Adecco Group North America Association of Tennis Professionals Beeline Buffet Group USA Höegh Autoliners Northgate Information Solutions Venus Fashion

Otto

Division headquarters of US corporations

Florida Coastal School of Law

InfiLaw System

The Florida Times-Union

Morris Communications

Foundation Financial Group Interline Brands

The Home Depot

Parallel Infrastructure

Florida East Coast Industries

PSS World Medical

McKesson Corporation

Unison Industries

GE Aviation

Vistakon

Joh

.