July 25, 2017 10:06 AM ET

Thrifts and Mortgage Finance

Company Overview of TIAA FSB Holdings, Inc.

Company Overview

TIAA FSB Holdings, Inc., a savings and loan holding company, provides a range of financial products and services to individuals, and small and mid-size businesses in the United States. The company operates through Consumer Banking and Commercial Banking. It accepts deposit products, including noninterest-bearing and interest-bearing demand deposits, savings and money market accounts, and time deposits. The company’s loan products portfolio comprises residential mortgage loans, mortgage warehouse finance, lender finance, asset-based lending, owner-occupied and non-owner occupied commercial real estate, and commercial and industrial loans; equipment financing receivables; home equity lines; an...

501 Riverside Avenue

Jacksonville, FL 32202

United States

2,900 Employees

Phone:

904-281-6000

Key Executives for TIAA FSB Holdings, Inc.

President, Chairman & Director
Age: 56
CFO, VP & Director
Age: 63
Secretary
Assistant Secretary
Compensation as of Fiscal Year 2017.

TIAA FSB Holdings, Inc. Key Developments

TIAA FSB Holdings Files Form 15

TIAA FSB Holdings has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.

EverBank Financial Corp Announces Executive Appointments

On June 9, 2017, EverBank Financial Corp. entered into an Agreement and Plan of Merger with TCT Holdings, which provides that, upon the terms and subject to the conditions set out therein, the Holdco Merger will occur. As of the Effective Time, the Company's directors and executive officers ceased serving as directors and executive officers of the Company. Immediately following the Effective Time, Kathie J. Andrade, Otha Spriggs and Virginia M. Wilson were appointed as directors of the Company. In addition, Kathie J. Andrade was appointed as President of the Company, Jorge Gutierrez was appointed as Treasurer of the Company, Cherita Thomas was appointed as Secretary of the Company and Virginia M. Wilson was appointed as Chief Financial Officer and Vice President of the Company. Pursuant to the terms of the Holdco Merger Agreement, the directors and officers of the Company immediately prior to the effective time of the Holdco Merger remained the directors and officers of the Company following the effective time of the Holdco Merger.

TIAA FSB Holdings Intends To File With The SEC A Certification And Notice Of Termination On Form 15 Requesting The Deregistration Of Common Stock

On June 9, 2017, the TIAA FSB Holdings, Inc. (formerly known as EverBank Financial Corp) entered into an Agreement and Plan of Merger (Holdco Merger Agreement) with TCT Holdings. As a result of the Merger, the company no longer fulfills the listing requirements of the New York Stock Exchange (NYSE). On June 9, 2017, the Company notified the NYSE that the Merger had become effective and requested that the NYSE (i) suspend trading of the Company Common Stock and depositary shares in respect of the Company Preferred Stock (Depositary Shares) on the NYSE after the close of trading on June 9, 2017 and (ii) file with the Securities and Exchange Commission (SEC) a notification of removal from listing on Form 25 to delist each of the Company Common Stock and the Depositary Shares from the NYSE and deregister each of the Company Common Stock and Depositary Shares under Section 12(b) of the Securities Exchange Act of 1934, as amended (Exchange Act). On June 9, 2017, the NYSE filed the Form 25s with the SEC. Additionally, the Company intends to file with the SEC a certification and notice of termination on Form 15 under the Exchange Act requesting the deregistration of the Company Common Stock and the Depositary Shares under Section 12(g) of the Exchange Act and the suspension of the Company’s reporting obligations under Section 15(d) of the Exchange Act as promptly as practicable.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 7, 2016
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