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EverBank has thrived as one of the most profitable banks in Florida by becoming a dominant player in the online banking realm. Last week, though, the Jacksonville company made a detour into brick-and-mortar banking by acquiring three failed Bank of Florida franchises, snapping up 13 branches across the state and increasing its assets by 15%, to $11 billion.
June 3 -
EverBank Financial (EVER) has reached a $43 million settlement with the Office of the Comptroller of the Currency in connection with allegations of improper foreclosure practices.
August 23 -
EverBank Financial Corp. (EVER) in Jacksonville, Fla., has agreed to sell its default mortgage servicing platform, along with more than $20 billion in rights, to a subsidiary of Walter Investment Management.
October 31
EverBank Financial (EVER) in Jacksonville, Fla., has agreed to pay the Federal Deposit Insurance Corp. $48 million in connection with its purchase of the failed Bank of Florida in May 2010.
The $17.6 billion-asset EverBank disclosed in a regulatory filing Wednesday that it will give the FDIC $24 million in cash and a $24 million promissory note, due at the end of next year, to terminate loss-sharing agreements with the agency.
The payments will close out EverBank's obligation to repay the FDIC, or "true-up," a portion of the amount by which EverBank's expected losses on the deal exceeded its actual losses. The FDIC agreed to cover about 80% of the losses in its
EverBank said it did not submit any claims for loss-sharing under the agreement. That acquisition gave EverBank, which had been primarily an online bank, 13 branches in the Ft. Lauderdale, Tampa and Naples areas.
In August, EverBank
