EverBank agrees to acquire WaFd in $3.9B reverse merger
Florida-based EverBank Financial has agreed to acquire WaFd in a $3.9 billion reverse merger, creating a regional bank with about $75 billion in assets, the companies said.
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09:58:59 PM UTC
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A $3.9B reverse merger will combine two banks into a nationwide institution, with significant cost synergies, 29% EPS accretion by 2027, and a diversified deposit base. The deal is expected to close in early 2027, pending regulatory and shareholder approvals.Original document: WaFd, Inc. [WAFD] Pre…
The deal would create a regional bank with some $75 billion in assets, the Wall Street Journal reported earlie…