WaFd, EverBank Agree to $3.9 Billion Reverse Merger, Renaming Bank EVBK
Jacksonville and Seattle – September 10, 2026 -- EverBank Financial Corp and WaFd, Inc. (NASDAQ: WAFD) have entered into a definitive merger agreement valuing the combination at $3.9 billion, creating a nationwide bank with more than 250 financial centers.
WaFd will absorb EverBank but adopt its name and new ticker EVBK
Under the deal structure, EverBank Financial Corp will merge into WaFd, Inc., with WaFd continuing as the surviving holding company. Despite being the legal survivor, WaFd will rename itself EverBank Financial Corp and begin trading on Nasdaq under the symbol EVBK once the transaction closes. EverBank has been designated the accounting acquirer, and its shareholders will receive WaFd common stock in exchange for their shares.