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WaFd and EverBank Finalize $3.9 Billion Reverse Merger to Form a National Banking Leader.

RECENTLY ACQUIREDSep 08, 2026about 3 hours ago

Acquiring Company

WaFd

Acquired Company

EverBank

SeattleIrvineFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBanking

Description

WaFd and EverBank have officially entered a definitive agreement for a $3.9 billion reverse merger, resulting in a larger nationwide banking organization. Post-merger, WaFd will adopt the EverBank name and enhance its commercial banking platform with over 250 financial centers.

Company Information

Company

WaFd

Location

Seattle, Washington, United States

About

WaFd Inc. is a financial institution based in Seattle, Washington, managing locations in nine western states including California, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. WaFd Inc. has been in operation since 1917 and employed about 2,400 staffers before the merger.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired EverBank?

EverBank was acquired by WaFd, based in Seattle. The deal was reported on September 8, 2026. WaFd Inc. is a financial institution based in Seattle, Washington, managing locations in nine western states including California, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. WaFd Inc. WaFd is privately held and operates in Financial Services.

When did WaFd acquire EverBank?

WaFd's acquisition of EverBank was reported on September 8, 2026. WaFd and EverBank have officially entered a definitive agreement for a $3.9 billion reverse merger, resulting in a larger nationwide banking organization. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does EverBank do?

EverBank, N.A. is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. It is privately held, operating in Financial Services, and is based in Irvine.

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