EverBank-WaFd Merger Could Reshape the Regional Banking Landscape
EverBank Financial will merge with WaFd, Inc. (WAFD) in a $3.9B deal, creating a regional bank with $75B in assets. WaFd will retain its Nasdaq listing but adopt EverBank's name and EVBK ticker. The combined entity aims to leverage EverBank's digital platform and WaFd's branch network, targeting 15% return on tangible equity post-synergies. Regulatory and shareholder approvals are pending.



