SOURCE: EverBank

EverBank

April 02, 2012 08:58 ET

EverBank Acquires and Integrates MetLife Warehouse Finance

JACKSONVILLE, FL--(Marketwire - Apr 2, 2012) - EverBank Financial Corp., one of the nation's largest privately-held financial services firms, today announced the successful completion of its acquisition of MetLife Warehouse Finance. MetLife Warehouse Finance has become EverBank Warehouse Finance and has been integrated into EverBank's mortgage division. It will provide residential loan financing to mid-sized, high-quality mortgage banking companies across the country. Financial terms were not disclosed.

On February 9, 2012, EverBank announced that it had entered into a definitive agreement to acquire MetLife Warehouse Finance.

The addition of EverBank Warehouse Finance to the EverBank Family of Companies expands the bank's focus on lending and increases EverBank's assets by approximately $350 million. EverBank Warehouse Finance will focus on creating long-term relationships and delivering customers a stable source of financing, state of the art technology, and superior service.

"We are very pleased with the addition of EverBank Warehouse Finance to the EverBank family," said Blake Wilson, President and Chief Operating Officer of EverBank Financial Corp. "We have looked at warehouse financing for a number of years and believe this acquisition gives us the right blend of people and platform to enter the industry in a strategic way. The experienced mortgage professionals and their long-term customer relationships, combined with EverBank's capabilities, will position EverBank Warehouse Finance for long term growth and success."

EverBank Warehouse Finance, based in Boston, MA, will operate as a division of EverBank and will provide services to lenders nationwide.

About EverBank Financial Corp.

EverBank Financial Corp. provides a diverse range of financial products and services directly to customers nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank has nearly $13.0 billion in assets, $10.3 billion in deposits and more than 2,400 employees. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses. EverBank provides services to customers through websites, over the phone, through the mail and at 14 Florida-based Financial Centers. More information on EverBank can be found at www.abouteverbank.com.

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