EverBank Financial has agreed to acquire WaFd in a $3.9 billion reverse merger transaction. This deal will create a regional bank valued at approximately $75 billion in assets. Following the merger, WaFd will continue as a publicly traded company under the name EverBank Financial Corp. The merger is expected to close in early 2027 and aims to enhance earnings per share significantly.
Company Information
Company
EverBank Financial
Location
Jacksonville, Florida, United States
About
EverBank Financial Corp (EverBank Holdings) is a bank holding company that conducts its banking operations through its wholly owned subsidiary, EverBank, N.A. It is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. EverBank offers convenient digital access, phone banking services, and a network of financial centers across Florida, backed by a commitment to deliver high-performing, high-yield solutions and exceptional service.
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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 WaFd?
WaFd was acquired by EverBank Financial, based in Jacksonville. The deal was reported on September 7, 2026. EverBank Financial Corp (EverBank Holdings) is a bank holding company that conducts its banking operations through its wholly owned subsidiary, EverBank, N.A. EverBank Financial is privately held and operates in Financial Services.
When did EverBank Financial acquire WaFd?
EverBank Financial's acquisition of WaFd was reported on September 7, 2026. EverBank Financial has agreed to acquire WaFd in a $3.9 billion reverse merger transaction. This deal will create a regional bank valued at approximately $75 billion in assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does WaFd do?
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. It is publicly traded (WAFD), operating in Financial Services, and is based in Seattle.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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