EverBank

EverBank was acquired from TIAA in August 2023 by a consortium of private equity firms: Stone Point Capital, Warburg Pincus, Reverence Capital Partners, and Sixth Street (per the firm, August 2023). The bank operates as a privately held entity under that ownership group. Greg Seibly continues as CEO, a role he has held since 2018.

Unlike most regional banks, EverBank is privately owned by institutional investors rather than being publicly traded or mutually structured. This allows it to avoid the short-term earnings pressure that dominates public-bank strategy. The bank also maintains a concentrated credit posture — its loan book is almost entirely real-estate-linked, with a smaller specialty equipment finance unit added in late 2024.

EverBank's balance sheet is dominated by residential mortgage loans, including single-family and multifamily products, alongside commercial real estate lending. The bank also runs warehouse lending facilities that provide credit lines to non-bank mortgage originators, making it a meaningful behind-the-scenes liquidity provider in US housing finance. In October 2024, the firm launched a specialty equipment finance unit, its first expansion outside real-estate-related lending.

EverBank is not a family office. It is a federally chartered savings bank that takes retail deposits and deploys them into loans. The institution is owned by private equity funds, but it operates as a regulated depository with consumer and commercial clients. Its funding base includes both retail deposit accounts and institutional capital from its PE owners.

EverBank is headquartered in Jacksonville, Florida, but its lending reach is national. The firm originates mortgages and commercial loans across major US metropolitan areas, from California to New York. It does not operate a dense branch network; its consumer business relies heavily on digital banking channels and a limited physical footprint.

EverBank does not operate as a fund investor. As a depository institution, its investment activity is confined to its loan portfolio and a liquid securities book held for liquidity management. The bank is owned by private equity firms, but it does not commit capital to third-party PE or VC funds.

EverBank operates under a federal savings bank charter and is regulated by the Office of the Comptroller of the Currency (OCC). It also faces oversight from the Consumer Financial Protection Bureau for its consumer-facing products. Despite its private equity ownership, the bank must comply with the same capital, liquidity, and lending rules as any other federally chartered institution.