Tygris

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Date Title Business Unit
2/9/2010 EverBank Completes Acquisition of Tygris Commercial Finance
10/22/2009 EverBank reaches agreement to acquire Tygris Commercial Finance
1/21/2009 US Express Leasing Becomes Tygris Vendor Finance - As Part of Tygris Commercial Finance, the Company Provides Critical Financing to Businesses Nationwide Vendor Finance
11/3/2008 Lawrence G. Hund Joins Tygris Commercial Finance as Chief Financial Officer Commercial Finance
9/25/2008 US Express Leasing Announces Key Additions to Its Expanding Healthcare Finance Group Vendor Finance
9/3/2008 US Express Leasing Appoints Thomas Ficca as Platform Leader of New Indirect Originations Group Vendor Finance
8/12/2008 Veteran Commercial Finance Executive Paul Frechette Joins US Express Leasing Vendor Finance
6/30/2008 Tygris Commercial Finance Group, Inc Announces Key Leadership Appointments Commercial Finance
6/23/2008 Tygris Commercial Finance, Inc. Announces Key New Hires Commercial Finance
6/17/2008 Tygris Commercial Finance, Inc. Completes the Acquisition of Marcap LLC - MarCap Joins Tygris' Middle Market Equipment Leasing and Asset Finance Business Commercial Finance
6/12/2008 Tygris Commercial Finance, Inc. Funding Closed with Over $2 Billion in Equity Commitments - Total Equity Commitments Include $290 Million of Additional Subscriptions Commercial Finance
5/29/2008 Tygris Commercial Finance Group, Inc. Completes Acquisition of US Express Leasing, Inc. - US Express Leasing, Inc. to Become Tygris’ Small Ticket Leasing Business. James D. McGrane Named President of Small Ticket Leasing Commercial Finance
5/20/2008 Tygris Commercial Finance Group, Inc. Launched with Over $1.75 Billion in Equity Commitments – Tygris to Acquire US Express Leasing, Inc. and MarCap LLC Vendor Finance
4/11/2008 US Express Leasing Ranked #2 Top Private Independent Leasing Company by Monitor Magazine, March/April 2008 Vendor Finance
10/1/2007 James McGrane in the news – “What’s in a Name? Equipment Leasing and Finance” ELT, October 2007 Vendor Finance
3/29/2007 USXL in the News - Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index Vendor Finance


EverBank Completes Acquisition of Tygris

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Jacksonville, FL, February 9, 2010

Jacksonville, FL – EverBank Financial Corp.®, one of the nation's largest privately-held financial services firms, today announced the successful completion of its acquisition of Tygris Commercial Finance Group, Inc., a commercial finance and leasing company that provides product financing solutions to business customers originated through select dealers, distributors, and manufacturers in the healthcare, office equipment, and technology markets across the U.S. 

The addition of Tygris to the EverBank Family of Companies expands the bank’s product offering and provides access to more than $470 million in additional capital.  EverBank now has approximately $1 billion in total capital, with Tier 1 (core) capital and risk based capital ratios of approximately 10% and 18%, respectively. The Tygris acquisition provides EverBank with substantial growth capital to continue to offer high-credit-quality residential loans, retail deposit products and specialized financing as well as pursue other strategic acquisition opportunities.

“We are very pleased to welcome Tygris into the EverBank family and are excited to align ourselves with an industry leader who is equally committed to providing exceptional financial solutions to our customers. Their disciplined approach to underwriting and commitment to innovation is a natural fit with EverBank’s culture and business philosophy,” said Rob Clements, Chairman and CEO of EverBank Financial Corp.  “Commercial customers will benefit from having a stable, competitive, service-driven source of equipment financing in a marketplace that has seen unparalleled dislocation over the last several years,” added Mr. Clements.

Tygris will operate as a division of EverBank based in Parsippany, NJ. The bank expects to fully complete the integration of Tygris’ products and brands by the first half of 2010. 

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, leasing and investment products and services of exceptional value. The company's balanced mortgage banking, deposit banking and leasing 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 $6.3 billion in deposits. For more information on the EverBank Family of Companies, log on to EverBank.com  


EverBank, the EverBank Infinity Sphere and the EverBank logo are proprietary service marks of EverBank. All rights reserved.

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Media Contacts

Finsbury Group
Phil Denning / Will Briganti
+1 212 303 7600
phil.denning@finsbury.com
will.briganti@finsbury.com