Everbank Financial Corp Completes Merger With Teachers Insurance and Annuity Association of AmericaJune 9, 2017
S&C client EverBank Financial Corp completed its previously announced merger with Teachers Insurance and Annuity Association of America.
EverBank Financial Corp, through its wholly owned subsidiary EverBank, provided a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank had $27.8 billion in assets and $19.3 billion in deposits as of March 31. EverBank had been an S&C client since December 2010. This transaction significantly expands TIAA's banking and lending products and complements the company's full suite of retirement, investment and advisory services available to help customers achieve financial well-being.
The S&C team advising EverBank on the transaction was led by Rodgin Cohen and Mark Menting. Matthew Friestedt advised on executive compensation and benefits matters, and Ronald Creamer advised on tax matters.