EverBank Commercial Finance To Enter Golf Equipment Finance Market

EverBank Commercial Finance, Inc., the equipment financing and asset-based lending subsidiary of EverBank and EverBank Financial Corp (NYSE: EVER), announced today the addition of a new golf equipment finance specialty to the company’s Industrial Group. The new group will provide financing solutions to major golf equipment distributors and their customers nationwide. The team will be led by Tom Barber, who joins EverBank from TCF Equipment Finance, Inc. Mr. Barber will report to Sam Smith III, Managing Director of EverBank Commercial Finance’s Industrial Group.

Mr. Barber has over 30 years of experience in the leasing and equipment finance industry. While at TCF Equipment Finance, Inc., he built a successful golf financing practice as Vice President of Sales and National Account Manager in the company’s golf equipment division. Previously, he held senior business development and leasing management positions with Northland Capital Financial Services, GreatAmerica Leasing, Copelco Capital, LeaseAmerica and GE Capital.

Joining Mr. Barber from TCF will be Adam Stout, Matt Stangl and John Michel, sales professionals with deep, long-term relationships with the major golf equipment manufacturers and distributors in the U.S. market.

“The addition of the golf equipment specialty to our vendor finance platform complements our strong position in the plastics, packaging, machine tool, food processing, construction, specialty vehicle and manufacturing segments of the industrial market,” said Sam Smith III, Managing Director of the Industrial Group. “As interest in golf continues to grow in the U.S., we are very excited to have Tom and his talented team on board to help bring EverBank Commercial Finance’s innovative lease financing solutions to the golf industry’s leading distributors.”

The golf equipment finance group at EverBank Commercial Finance will initially focus on providing equipment finance and lease solutions to the manufacturers of golf cars, turf maintenance equipment and other related golf course and club house equipment.

About EverBank Commercial Finance, Inc.

EverBank Commercial Finance, a subsidiary of EverBank, provides equipment financing, asset-based lending and specialized financial solutions to US-based businesses. The Vendor Finance Group serves vendors, dealers and manufacturers in the industrial equipment, healthcare, office equipment, and technology markets. The Lender Finance Group offers a variety of credit and non-credit products to specialty finance businesses on a national basis. For more information, please visit: www.everbankcommercialfinance.com

About EverBank

EverBank, a federal savings bank and a subsidiary of EverBank Financial Corp (NYSE: EVER), headquartered in Jacksonville, FL, delivers a diverse range of financial products and services directly to clients nationwide through multiple business channels. EverBank offers a broad selection of banking, lending and investing products to consumers and businesses, through the internet, over the phone, through the mail and at its Florida-based financial centers.

Copyright Business Wire 2010

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