Deals
EverBank Financial Said to Work With UBS to Explore Sale
- Bank said to hire adviser after getting interest from suitor
- Florida bank has a market valuation of about $1.9 billion
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EverBank Financial Corp., the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor, according to people familiar with the matter.
The Jacksonville-based lender has been working with UBS Group AG to solicit offers from possible buyers, said the people, who asked not to be identified because the matter is not public. EverBank began working with UBS to gauge interest in a sale within the last two months, after receiving an unsolicited approach, the people said.