Today, we are excited to announce that EverBank has entered into a formal agreement to be acquired by TIAA. This is a momentous day for our company, as we are uniting with one of the largest and most respected financial services companies in the country. We’re particularly proud to be joining a company of like values and one that is equally driven to reshape and redefine the financial services industry for the better.
This is clearly a very big moment in the evolution of our company and one that brings great anticipation and excitement for the future. As a Fortune 100 company with a near-century-long history in the financial services industry, TIAA, like us, has always held a very deep and genuine commitment to the financial goals and needs of their clients and business partners.
We believe it will take several quarters to close the transaction as we pursue required approvals by our stockholders and regulators. For now, it continues to be business as usual at EverBank and you should not expect any changes in your relationship with us. We believe this move will make us even better positioned to navigate an evolving industry, ensuring continuity, continued innovation in products and services and the overall long-term stability of the business.
In the interim, we’d ask that you reach out directly to Michael Webb in EverBank’s Enterprise Vendor Management Office (EVMO) at Michael.Webb@EverBank.com or 1.904.623.2776 with any questions or concerns. To learn more details about today’s news, please feel free to visit our EverBank-TIAA Transaction Information Room.