Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co., BofA Merrill Lynch and Credit Suisse, in the initial public offering by EverBank Financial Corp of 22,103,000 shares of its common stock (including 2,883,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares). The offering raised net proceeds of approximately $198.7 million and closed on May 8, 2012. EverBank’s common stock is listed on the New York Stock Exchange under the symbol “EVER.”
EverBank provides a diverse range of financial products and services directly to customers nationwide through multiple business channels. Headquartered in Jacksonville, Florida, as of December 31, 2011, EverBank had $13.0 billion in assets, $10.3 billion in deposits and approximately 2,400 employees. 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 its website, over the phone, through the mail and at 14 Florida-based financial centers.
The Simpson Thacher team included Lee Meyerson, Lesley Peng, Brian E. Rosenzweig and Bharat Kejriwal (Capital Markets); Stacie McGinn and Mark Chorazak (Bank Regulatory); Jonathan Cantor and Beatrice Larkin (Tax); Greg Grogan and Jennifer Pepin (Executive Compensation and Employee Benefits) and Andrew Pagliughi (FINRA and Blue Sky).