area of downtown jacksonville type public traded as nyse ever industry banking financial services predecessors first alliance bank founded jacksonville florida u.s. october 1 1998 1 founder robert clements headquarters everbank plaza 501 riverside ave jacksonville florida u.s. area served worldwide key people robert m. clements ceo w. blake wilson coo gary a. meeks cro products consumer banking corporate banking credit cards finance and insurance foreign currency exchange investment banking mortgage loans private equity wealth management revenue us 883.6 million 2013 2 total assets us 18.2 billion 2013 2 total equity us 1.5 billion 2013 2 number of employees 3700 website everbank.com everbank is an american diversified financial services company providing banking mortgages and investing services . it is based in jacksonville florida u.s. it operates through standard banking offices and through its direct banking division . everbank direct operates by telephone mail and over the internet . as of september 30 2015 everbank had approximately 25.2 billion in total assets . 3 as of august 8 2016 tiaa has reached a deal to buy everbank for 2.5 billion in cash . this announcement made around two weeks after everbank stated it was in talks to be acquired 4 will see stockholders receive 19.50 per share in cash . 5 contents 1 history 2 lawsuit 3 community involvement 4 jacksonville jaguars 5 awards 6 references 7 external links history edit while the roots of everbank stretch back to 1961 the current incarnation was formed in 1994 when chairman robert clements led an investor group in acquiring jacksonville florida based alliance mortgage company . in 1998 alliance mortgage company formed first alliance bank in jacksonville florida and shortly thereafter acquired marine national bank also of jacksonville florida . in parallel frank trotter rob foregger vincent amato and david galland led another investor group to found everbank as a national direct to consumer bank . the world markets division of everbank originated as a department of mark twain bank a small st. louis missouri bank that founded the worldcurrency sm service in 1986 . in april 1997 mark twain bank was acquired by mercantile bank . everbank acquired the world currency division from mercantile bank in april 1999 . everbank world markets is still located in brentwood missouri a st. louis suburb and provides certificate of deposit cd accounts in euros and other non u.s. dollar currencies . everbank center downtown jacksonville everbank also has a stock brokerage affiliate called evertrade direct brokerage also located in brentwood that provides conventional stock bond and exchange traded fund etf broker services for buying and selling publicly traded securities . old everbank logo on november 5 2002 first alliance bank acquired everbank and on february 2 2004 the company took the name everbank and everhome for its consumer facing operations . on may 21 2007 everbank agreed to acquire netbank s direct banking and small business financing divisions and mortgage servicing portfolio . on 17 september 2007 everbank announced that it was terminating this agreement claiming that netbank had been unable to comply with provisions regarding certain cash levels due to the 2007 subprime mortgage financial crisis . in 2008 florida trend magazine described everbank as being one of the nation s largest online banks . 6 everbank s products include high interest checking money market accounts and cds in addition to a suite of fdic insured deposits denominated in foreign currency . everbank participates in the certificate of deposit account registry service cdars . 7 the institution neither owns nor operates any atms so they will refund atm fees paid by checking account holders who send in the receipt up to 6 per month . 8 everbank may have been the first non military non community bank offering deposits by check scanning for consumers . 9 on may 28 2010 everbank announced that it had acquired all the deposits substantially all of the assets and certain liabilities of the bank of florida southwest bank of florida southeast and bank of florida tampa bay collectively bank of florida from the federal deposit insurance corporation the fdic bringing its total assets to approximately 11.5 billion . 10 lawsuit edit on april 24 2009 a class action lawsuit was filed against everbank in the superior court of california on behalf of purchasers of the bank s icelandic krona foreign currency denominated cds as a result of that country s financial collapse of 2008 . the lawsuit alleges that everbank against the instructions of its customers closed the cds at a commercially unreasonable exchange rate far below those published by financial institutions and currency exchanges resulting in a loss of much of the cd purchasers principal . 11 on july 8 2009 everbank s executive vice president frank trotter filed a declaration to the court in response to the lawsuit . in the declaration trotter admitted that a total of 225 investors lost 4 007 662.81 as a result of everbank s forced closing of their icelandic krona denominated cds . that averages out to a loss of about 18 000 per account . 12 u.s. district judge richard seeborg in san jose granted everbank summary judgment on all of vathana s claims finding among other things that everbank had the discretion to close the cds because it would have been on the hook for some 12 million in losses had the currency not recovered . 13 trotter went on to disclose based on currency variation that when investments in all of everbank s worldcurrency cds including those denominated in foreign currencies other than the icelandic krona are taken into account investors suffered a net loss amounting to almost 50 million over the past four years . 13 community involvement edit everbank everhome mortgage has sponsored between 25 14 and 52 15 homes in the jacksonville s habitat for humanity program habijax contributing between 1 million and 1.93 million and 28 000 employee volunteer hours . daniel memorial inc. is florida s oldest nonprofit child service agency helping thousands of at risk youths annually . everbank sponsors several events including the yearly volunteer appreciation luncheon and annual charity golf tournament . daniel s school supply drive is held at everbank locations throughout jacksonville and everbank employees and customers make generous contributions . citation needed everbank also supports several housing initiatives operation new hope is committed to restoring springfield one of jacksonville s most historic neighborhoods ; the housing partnership of northeast florida assists hundreds of low and middle income families with home repair homeownership education credit counseling and refinancing mortgages for victims of predatory lending ; by helping provide safe and affordable rental housing to people with disabilities grove house has successfully helped hundreds of well deserving individuals and families . citation needed everbank also supports the following organizations 16 the bridge of northeast florida university of north florida unf habitat for humanity program habijax united way of america step up for students jacksonville jaguars edit everbank field showing the everbank signage on july 26 2010 the florida times union reported that everbank purchased the naming rights to jacksonville municipal stadium . the stadium had not had a sponsor since the end of the 2006 season when the prior contract with alltel expired . the stadium has been known as everbank field since the 2010 nfl season . 17 the exclusive five year agreement includes everbank s designation as the official bank of the jaguars promotions within jaguars game telecasts and a variety of other media rights to the jaguars and everbank field marks prominent signage in the stadium and elsewhere in jacksonville business presence at jaguars home games including everbank atms at the venue for use by fans and various community outreach initiatives . located at one everbank field drive on the shores of the st. johns river in jacksonville everbank field is the 67 246 seat home stadium of the national football league s jacksonville jaguars . in 2005 the stadium served as the host site of super bowl xxxix . 18 on july 25 2014 everbank extended the agreement for another ten years to end with the 2024 season ; this deal is worth 43 million . 19 awards edit everbank has a 4 of 5 star rating from bauer financial . banks rated four stars or more are considered safe financially sound and operating well above their regulatory capital requirements . forbes and online banking report s best of the web kiplinger s personal finance magazine s best checking account 18 references edit everbank to go for 200 million ipo . seek alpha . missing or empty url help ; access date requires url help a b c everbank financial corp announces fourth quarter 2012 financial results . everbank.com . retrieved june 18 2013 . fdic bankfind details . research.fdic.gov . retrieved 2016 01 08 . ensign rachel louise ; demos telis 8 august 2016 . tiaa to buy everbank for 2.5 billion via wall street journal . tiaa announces acquisition of everbank jacksonville business journal keller amy florida companies with promise florida trend september 1 2008 cdars.com institution locator by name forbes.com best of the web award in the banking section deposit checks online with your scanner bankfox . everbank acquired bank of florida everbank class action lawsuit . casenotes2 . a b 1 moewe m. 2006 04 19 . everbank to donate 115 000 to habijax . jacksonville business journal . retrieved 2009 06 16 . everbank swinging hammers for habijax . jacksonville s financial news & daily record . 2009 05 05 . retrieved 2009 06 16 . corporate philanthropy everbank.com mitchell tia jacksonville sweetens deal by 4 million for jaguars stadium agreement florida times union july 26 2010 a b everbank and jacksonville jaguars launch milestone strategic partnership everbank.com july 27 2010 everbank jaguars extend stadium naming rights agreement the jaguars 25 july 2014 external links edit everbank s website lawsuit website bank profile at the fdic cert . 34775 summary of deposits v t e everbank financial corp founders robert m. clements corporate directors robert m. clements chairman and ceo blake wilson president and coo steven j. fischer cfo gary a. meeks cro seth waller cco divisions everbank advisors services everbank commercial finance everbank commercial real estate lending everbank correspondent everbank direct banking everbank direct lending everbank retail banking everbank retail lending everbank wealth management everbank wholesale lending everbank world markets everhome mortgage evertrade direct brokerage historical components bank of florida first alliance bank ge capital real estate tygris commercial finance group places and facilities 110 tower ft. lauderdale everbank center jacksonville everbank field jacksonville everbank plaza jacksonville one financial center boston annual revenue us 883.6 million 2013 employees 3 700 2013 category v t e investment banks bank divisions of universal banks bulge bracket bank of america merrill lynch barclays citi institutional clients group credit suisse deutsche bank corporate and investment bank j.p. morgan & co. j.p. morgan cazenove ubs investment bank other berenberg bank bmo capital markets boc international bnp paribas corporate & institutional banking brown shipley cibc world markets citic securities clsa commerzbank corporates & markets cr dit agricole corporate and investment bank daiwa securities capital markets everbank world markets harris williams & co. hsbc global banking and markets ing commercial banking is investment kbc bank korea development bank daewoo securities lloyds bank corporate markets mitsubishi ufj securities mizuho corporate bank natixis nomura securities rbc capital markets rbs markets & international banking sberbank cib soci t g n rale corporate & investment bank standard chartered td securities unicredit corporate & investment banking vtb capital wells fargo securities independents bulge bracket goldman sachs morgan stanley other allen & company blackstone group brewin dolphin btg pactual centerview partners china international capital corporation close brothers group evercore partners everbright fbr capital markets galaxy greenhill & co. haitong securities houlihan lokey investec jefferies keefe bruyette & woods lazard macquarie group mediobanca moelis & company n m rothschild & sons oppenheimer & co. perella weinberg partners piper jaffray raymond james financial