trending Market Intelligence /marketintelligence/en/news-insights/trending/Dsa26ZRJWWYKMb2RprpyZw2 content esgSubNav
In This List

TIAA completes EverBank Financial deal

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


TIAA completes EverBank Financial deal

Teachers Insurance & Annuity Association of America on June 9 completed its acquisition of Jacksonville, Fla.-based EverBank Financial Corp, according to a Form 8-K.

The Federal Reserve and the Office of the Comptroller of the Currency have approved the merger.

The all-cash deal, valued at roughly $2.5 billion, was announced in August 2016. Under the agreement, TIAA unit TIAA-CREF Trust Co. FSB will merge with and into EverBank, a unit of EverBank Financial.

As of March 31, EverBank Financial had $27.78 billion in assets.