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Article: MetLife Bank Completes Acquisition of EverBank Reverse Mortgage LLC.
- Article from:
- Business Wire
- Article date:
- May 30, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRIDGEWATER, N.J. -- MetLife Bank, N.A., a unit of MetLife, Inc. (NYSE: MET), announced today that it has completed its acquisition of EverBank Reverse Mortgage LLC of Bloomfield, NJ, from its parent, EverBank Financial Corp. EverBank Reverse Mortgage will be a wholly-owned subsidiary of MetLife Bank. Terms of the agreement, which was announced on April 3, 2008, were not disclosed.
"With this acquisition, MetLife Bank now has a greatly expanded team of trained reverse mortgage specialists as well as industry-leading technology to support this business," said Donna DeMaio, president, MetLife Bank. "This transaction enhances MetLife's capabilities to help consumers ...