Jacksonville, FL – EverBank Financial Corp®, one of the nation's largest privately-held financial services firms, announced today it has reached a definitive agreement to acquire Tygris Commercial Finance Group, Inc., a commercial finance and leasing company.

The stock-for-stock acquisition will increase EverBank’s capital base by approximately $470 million, and is expected to have a positive impact on earnings. EverBank’s capital position will be significantly enhanced upon consummation of the acquisition, resulting in expected Tier 1 (core) capital and risk based capital ratios of approximately 11% and 19%, respectively. The acquisition agreement also includes a $65 million pre-acquisition cash investment by Tygris into EverBank designed to provide EverBank with growth capital prior to the consummation of EverBank’s acquisition of Tygris.

“The Tygris acquisition will provide EverBank with substantial growth capital to continue its successful approach of offering high-credit-quality residential loan and retail deposit products to the “mass affluent” market as well as pursue other strategic acquisition opportunities,” stated Rob Clements, Chairman and CEO of EverBank. “As a result of EverBank’s deployment last year of approximately $150 million of growth capital, the company has recognized record year-to-date earnings of $26.0 million through the second-quarter of 2009, resulting in earnings growth of 41% over the comparable period in 2008. We believe that by continuing to pursue attractive lending and deposit opportunities, while offering business leasing products, EverBank can further enhance its financial position and provide competitive lending and banking solutions to customers in the current market environment.”

“As a healthy, growing bank, EverBank was fortunate to be able to consider a variety of potential strategic acquisition opportunities before deciding to partner with Tygris,” stated Blake Wilson, President and CFO of EverBank. "We chose to partner with Tygris based on the quality of its people, leasing products and platform, and the potential future opportunities available to the combined organization. By bringing Tygris together with our credit, capital and funding infrastructure, our customers will benefit by having another stable lending source available to them.”

The acquisition, which is expected to close in late 2009, has been approved by both parties’ boards of directors and remains subject to regulatory approvals, among other customary conditions. EverBank was advised by the law firm of Skadden, Arps, Slate, Meagher & Flom LLP. Tygris was advised by the investment banking firm of Goldman Sachs & Co. and the law firm of Sullivan & Cromwell LLP.

About EverBank Financial Corp:

EverBank Financial Corp., and its EverBank subsidiaries, is a privately-held thrift holding company headquartered in Jacksonville, Florida offering innovative banking, lending, and investment products and services of exceptional value. The company's balanced mortgage banking and deposit banking platforms provide diverse revenue streams with proven success in a variety of market conditions. The company has nearly $8.0 billion in assets and over $6.4 billion in deposits. For more information on the EverBank Family of Companies, log on to EverBank.com

About Tygris Commercial Finance Group, Inc.:

Tygris is a commercial finance and leasing business that provides lease financing to end-users, directly to customers and through dealers, distributors and manufacturers of essential use and revenue generating equipment used by small and medium-sized businesses. Tygris has offices in Chicago, Stamford, CT and Parsippany, NJ. For more information please visit www.TygrisCF.com.

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