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EverBank Financial Corp To Acquire Business Property Lending, Inc. From GE Capital Real Estate

“We are excited to bring on board an experienced, well managed team with a history of strong origination volume and credit quality to strategically expand EverBank’s asset generation capabilities and customer product offering,” added Blake Wilson, the Company’s President and Chief Operating Officer. “We expect the diversification benefits to our product offering, loan portfolio, asset generation and earnings from this transaction will be strong.”

Alec Burger, President, GE Capital Real Estate, North America division said, “The sale of Business Property to EverBank is a strong strategic win and is consistent with our stated strategy to reduce the overall size of our real estate portfolio. We are excited by this new chapter for the Business Property team.”

The transaction has been approved by the boards of directors of both companies.

In addition to the information contained in this announcement, an Investor Presentation has been posted to EverBank’s website containing additional information regarding this transaction.

Conference Call

EverBank intends to host a conference call to review this announcement at 8:30 a.m. Eastern Time Monday, July 2, 2012. The conference call can be accessed live by dialing 1-877-941-1427, or for international callers, 1-480-629-9664. A replay will be available at 11:00 a.m. and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the live call and the replay is 4550197. The replay will be available until July 9, 2012 at 11:59 p.m.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call and access the Investor Presentation by logging onto the Investor Relations section of the Company’s website at


BofA Merrill Lynch acted as the financial advisor to EverBank and Sullivan & Cromwell LLP acted as its legal advisor on the transaction. Goldman Sachs also acted as an advisor to EverBank and Gateway Asset Management LLC provided loan diligence. Deutsche Bank Securities acted as financial advisor to GE Capital and Weil, Gotshal & Manges LLP acted as its legal advisor.

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