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EverBank Financial Corp Acquires and Integrates Business Property Lending, Inc.

  EverBank Financial Corp Acquires and Integrates Business Property Lending,
  Inc.

Business Wire

JACKSONVILLE, Fla. -- October 01, 2012

EverBank Financial Corp (NYSE: EVER) (the “Company”) announced today the
successful completion of its acquisition of Business Property Lending, Inc.
(“Business Property”), a business unit of GE Capital Real Estate, North
America. Business Property will be renamed EverBank Business Property Lending,
Inc. (“EverBank BPL”), a subsidiary of EverBank. It will provide commercial
loans for essential use properties owned or leased by small and midsize
businesses, as well as single and multi-credit tenant lease financing
nationwide.

On July 2, 2012, the Company announced that it had executed a definitive
agreement to acquire the stock of Business Property Lending, Inc., including
the origination and servicing platform of Business Property. The final
purchase price was $2.41 billion in cash. No debt was assumed in the
acquisition. The transaction included approximately $2.33 billion of
performing commercial loans, the origination and servicing platforms, 110
employees and servicing rights on $2.9 billion of loans securitized by GE
Capital.

“We are excited to welcome our new EverBank BPL colleagues to the EverBank
team,” said Robert Clements, EverBank Financial Corp Chairman of the Board and
Chief Executive Officer. “We believe the strategy is in place to grow the
business and look forward to the benefits this acquisition should deliver to
our Company.”

About EverBank Financial Corp

EverBank Financial Corp, through its wholly-owned subsidiary EverBank,
provides a diverse range of financial products and services directly to
clients nationwide through multiple business channels. Headquartered in
Jacksonville, Florida, EverBank has $15.0 billion in assets and $10.8 billion
in deposits as of June 30, 2012. With an emphasis on value, innovation and
service, EverBank offers a broad selection of banking, lending and investing
products to consumers and businesses. EverBank provides services to customers
through the Internet, over the phone, through the mail and at its
Florida-based financial centers. More information on EverBank can be found at
www.abouteverbank.com/ir.

Contact:

For EverBank
Media Contact
Michael Cosgrove, 904-623-2029
michael.cosgrove@EverBank.com
or
Investor Relations, 877-755-6722
investor.relations@EverBank.com
or
For GE Capital
Nancy Nyikes, T 314 205 3540
C 314 306 6794
F 866 699 0640
Marketing Communications Manager
GE Capital Real Estate North America
nancy.nyikes@ge.com
 
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