M&A/Shareholder vote/2026/EverBank Financial Corp

EverBank Financial Corp WAFD

WaFd, Inc. is buying EverBank Financial Corp (WAFD), paying holders in stock. EverBank is a bank holding company that conducts banking operations through EverBank, National Association, serving more than 400,000 customer accounts through an online banking platform, 39 full-service financial centers, and a strategic relationship with TIAA.

Holders get
Stock
a number of shares of WaFd common stock equal to the exchange ratio
Deal value
Not given
Expected close
Not given
Status
Pending
Checked
See the filing →

Filed

The deal

WaFd, Inc. is acquiring EverBank Financial Corp, a bank holding company conducting banking operations through EverBank, National Association, serving more than 400,000 customer accounts through an online banking platform, 39 full-service financial centers, and a strategic relationship with TIAA. EverBank shareholders will receive a number of shares of WaFd common stock equal to the exchange ratio.

The deal is expected to close after approval of the stock issuance proposal by WaFd shareholders, authorization for listing on Nasdaq of the WaFd common stock to be issued, requisite regulatory approvals, and receipt by each party of an opinion of tax counsel that the merger will qualify as a reorganization within the meaning of Section 368(a) of the Code.

What has happened

Agreement signed · See the filing
Holders sent the terms and a meeting date

What must happen first

approval of the stock issuance proposal by WaFd shareholders
the WaFd common stock to be issued as merger consideration having been authorized for listing on Nasdaq
the requisite regulatory approvals having been obtained
the receipt by each party of an opinion of tax counsel that the merger will qualify as a reorganization within the meaning of Section 368(a) of the Code

The board says

The WaFd board unanimously recommends a vote FOR the stock issuance proposal