TIAA Agrees to Buy EverBank Financial for About $2.5 Billion

  • Transaction adds personal, business-loan platform for TIAA
  • Ferguson’s firm to pay $19.50 a share in cash for EverBank

TIAA, the financial-services firm led by former Federal Reserve Vice Chairman Roger Ferguson, agreed to buy EverBank Financial Corp., Florida’s largest lender by deposits, for about $2.5 billion in cash.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.