EverBank Touts $100M Capital Investment

EverBank Financial Corp., Jacksonville, Fla., has announced the receipt of a capital investment of approximately $100 million from an affiliate of Sageview Capital LP to support growth in EverBank's core banking and mortgage businesses. Sageview, a private investment firm (with offices in Greenwich, Conn.; Palo Alto, Calif.; and Stockholm, Sweden), will become the largest stockholder of EverBank. The investment will "fuel a substantial expansion plan" under which EverBank will increase its assets by over 30% and "dramatically expand" its direct deposit customer base, the bank said. "While other banks and financial institutions have needed to raise equity to shore up capital, EverBank has generated record year-to-date earnings and has a strong balance sheet, which will enable us to deploy capital offensively to take advantage of recent market disruptions," said Rob Clements, chairman and chief executive of EverBank. The companies can be found online at http://www.everbank.com and http://www.sageviewcapital.com.