EverBank Buying NetBank's Servicing Portfolio

EverBank, Jacksonville, Fla., has announced an agreement to acquire the mortgage servicing portfolio of NetBank, as well as its direct banking and small business financing divisions.The terms of the agreement were not disclosed. The acquisition will increase EverBank's assets to approximately $7 billion and its customer base to over 550,000, the privately held company said. EverBank recently expanded its reverse-mortgage operations by purchasing BNY Mortgage Co. "The NetBank acquisition is another important milestone in our strategic transformation into a high-performing, fully integrated financial services company," said Blake Wilson, EverBank president and chief financial officer.