Fed Approves TIAA Acquisition of EverBank Financial

The Federal Reserve Board approved the application under section 10(e) of the Home Owners’ Loan Act by TIAA board of overseers, Teachers Insurance and Annuity Association of America and TCT Holdings of New York to acquire EverBank Financial and thereby indirectly acquire EverBank, both of Jacksonville, FL.

The full decision by the Fed can be found here.

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