WaFd enters USD 3.9 billion merger agreement with EverBank Financial Corp - WAFD News | RalliesWaFd enters USD 3.9 billion merger agreement with EverBank Financial Corp
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WAFD• WaFd agrees to merge with EverBank Financial in $3.9 billion deal
- EverBank Financial will merge into WaFd in a $3.9 billion deal, leaving WaFd as the holding company.
- WaFd will rename to EverBank Financial, keep its Nasdaq listing, and switch its ticker to EVBK; EverBank is the accounting acquirer.
- WaFd Bank will merge into EverBank, N.A., with EverBank continuing under its OCC national bank charter.
- Management will be led by Greg Seibly as CEO and Brent Beardall as president; the boards will have 13 members each.
- EverBank investors are set to own about 59.2% of the combined company, while WaFd shareholders will own about 40.8%; closing is expected early 2027.
