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MetLife Sells Insurer’s Warehouse Finance Business to EverBank

The MetLife Inc. headquarters building stands in New York. Photographer: Scott Eells/Bloomberg
The MetLife Inc. headquarters building stands in New York. Photographer: Scott Eells/Bloomberg

Feb. 9 (Bloomberg) -- MetLife Inc., the life insurer retreating from banking to limit federal oversight, agreed to sell its warehouse finance business to EverBank Financial Corp.

The deal is expected to be completed by June 30, according to a Marketwire statement today from Jacksonville, Florida-based EverBank that didn’t disclose terms.

Link to Company News:{MET US <Equity> CN <GO>} Link to Company News:{EVER US <Equity> CN <GO>}

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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