TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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November 19, 2024
Source: Yahoo Finance
EverBank has announced the opening of its first West Coast financial centre in Encino, California, representing a step in the bank’s expansion in the California market.
This new centre will provide a comprehensive range of consumer and business banking products and services to both consumers and businesses in the area.
It will focus on the Encino community and surrounding areas such as Sherman Oaks, Tarzana, and Woodland Hills.
The Encino location is supported by the bank's West Coast hub office in Irvine, which houses many of EverBank's senior leaders.
Patrick Nygren, head of retail banking and a seasoned Los Angeles banker, alongside regional manager Brian Gilpatrick, is spearheading the bank's retail operations expansion in the state.
EverBank CEO Greg Seibly said: “The opening of our financial center in Encino underscores EverBank’s commitment to building relationships in the communities we serve.
“As we expand across California, we’re focused on introducing EverBank’s performance-driven, client centric products and services to even more consumer and commercial clients, delivering financial advantage everyone deserves from their bank.”
EverBank has also announced plans to open a second West Coast financial centre in Roseville, California, later this year.
This centre will extend EverBank's consumer and commercial banking solutions to clients in the Sacramento area.
In 2025, EverBank will significantly expand its financial center network across the Bay Area, metro Los Angeles, and Orange County following the completion of acquisition of Sterling Bank & Trust, FSB.
Announced in September this year and expected to close in the first quarter of 2025, the acquisition includes 25 Sterling Bank branches in California.
In addition to retail banking, EverBank is enhancing its commercial lending and business banking services throughout California.
This includes the recent establishment of the Southern California Commercial Banking division and the launch of the bank's Multifamily Lending business.
In May this year, EverBank announced that the Jacksonville Jaguars' stadium will retain the EverBank Stadium name for three more years, pending City of Jacksonville approval.
"EverBank expands in California with new Encino financial centre" was originally created and published by Retail Banker International, a GlobalData owned brand.