Form 8-K for Loss Share
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of Earliest Event Reported): | | December 11, 2013 (December 9, 2013) |
EverBank Financial Corp
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(Exact name of registrant as specified in its charter)
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Delaware | | 001-35533 | | 52-2024090 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
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501 Riverside Ave., Jacksonville, FL | | | | 32202 |
(Address of principal executive offices) | | | | (Zip Code) |
Not Applicable
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Former name or former address, if changed since last report
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Registrant’s telephone number, including area code | | (904) 281-6000 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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[ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On December 9, 2013, EverBank Financial Corp’s wholly-owned subsidiary, EverBank, entered into an agreement with the Federal Deposit Insurance Corporation (the "FDIC") to terminate the loss sharing agreements entered into with the FDIC in connection with the May 2010 Bank of Florida acquisition. As part of the termination of these agreements and EverBank’s true-up obligations thereunder, EverBank will pay the FDIC $48 million comprised of a $24 million cash payment together with a $24 million promissory note which will mature and become payable on December 31, 2014. EverBank did not submit any claims for loss sharing coverage under any of the loss sharing agreements during the terms of such agreements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
EverBank Financial Corp
(Registrant)
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By: | /s/ Thomas A. Hajda |
| Name: | Thomas A. Hajda |
| Title: | Executive Vice President, General Counsel and Secretary |
Dated: December 11, 2013