M&A
confidence high
sentiment neutral
materiality 0.95
WaFd signs merger with EverBank; EverBank holders to own 59.2% of combined company
WAFD INC
- Merger agreement signed Sept 6, 2026; WaFd survives, renamed EverBank Financial Corp; EverBank N.A. survives bank merger.
- Exchange: EverBank holders ~59.175% of combined fully diluted shares; ~107.7M new WaFd shares to be issued at closing.
- Governance: 13 directors (7 EverBank, 6 WaFd); Radway Chair, Seibly CEO, Beardall President.
- Closing requires WaFd shareholder approval plus Federal Reserve and OCC approvals; EverBank consent already obtained.
- Beardall employment: $1.116M base salary, 5-yr term; continuity payments $5.025M (Beardall) and $1.93M (Robison).