JACKSONVILLE, Fla., Aug. 19,
2024 /PRNewswire/ -- EverBank is proud to announce
the formation of its Asset-Backed Finance (ABF) division, following
the merger of its Fund Finance and Specialty & Lender Finance
businesses. This new division will be led by Jeff Johnston, EVP Head of Asset-Backed Finance,
and will continue to build on the bank's wide range of capabilities
focused on alternative asset managers and the private capital
industry.
Structured lending solutions will be the focus of the business
across a variety of asset classes that include: fund finance,
middle-market private credit, consumer and commercial financial
receivables and structured real estate.
"Having the ability to offer fund managers a mix of finance
solutions across the sprectrum of banking products they require –
whether it's at the manager level, the fund level, or the asset
level – is a compelling proposition," said Jeff Johnston, Head of Asset-Backed Finance. "We
see this as a unique offering and a growing opportunity in the
private capital markets, and building a business around their needs
gives us a competitive advantage."
The launch of Asset-Backed Finance represents a significant
milestone in EverBank's growth trajectory, underscoring its
dedication to expanding service offerings and delivering
exceptional value to current and prospective bank clients.
"One year ago we launched the Fund Finance business, as the
first expansion milestone following the new private equity investor
ownership of EverBank," said EverBank President David DePillo. "With this evolution of our
team's structure, we remain focused on performance, growth,
innovation and support for private capital clients. Bringing
Jeff Johnston and Mike Mascia onto the platform springboarded that
launch and the formation of ABF is the next logical step in our
progression."
Mike Mascia, Head of Fund
Finance, will continue to lead and manage the growth strategy of
the Fund Finance and ABF syndication businesses, two key strategic
priorities for EverBank.
To further support our growth initiatives, Josh Kinsey has been named Head of ABF Credit
and will lead a team of credit officers aligned to support the
business. Gabrielle Buckner,
Jaime Caruso, Martin O'Brien and Frank
Martino will take on additional leadership roles within ABF
reporting to Jeff Johnston. ABF has
36 associates with offices in Charlotte,
NC and Mt. Laurel, NJ.
"As a national bank focused sharply on performance in service to
our commercial clients, EverBank is continually finding new ways to
deliver a full suite of products that meets our clients' important
goals," said Greg Seibly, EverBank's
CEO. "Our Asset-Backed Finance division does just that, bringing
together on one team a group of highly experienced and creative
finance professionals who make it easy for clients coast-to-coast
to obtain the specialized solutions required to meet their needs
and do it in a way that is seamless and efficient."
About EverBank
EverBank, N.A. (EverBank) is a nationwide specialty bank
providing high-value products and services to consumer and
commercial clients nationwide. As a pioneer in online banking, we
offer convenient digital access for clients 24/7, in addition to
phone banking services and a network of financial centers across
Florida. EverBank's commitment is
to deliver to our clients high-performing, high-yield solutions
backed by exceptional service, always giving them the advantage
they expect, to make the most of their money. Visit everbank.com or
connect and interact with us on Facebook, Instagram, LinkedIn or X
(formerly Twitter). EverBank is a Member FDIC.
About EverBank Asset-Backed Finance
EverBank's Asset-Backed Finance (ABF) business is a division of
EverBank, N.A., a nationwide specialty bank providing high-value
products and services to consumer and commercial clients
nationwide. The ABF division provides lending and financing
solutions to alternative asset managers and the private equity
community. Products include subscription credit facilities, hybrid
and NAV loans, management company facilities, consumer and
commercial receivables facilities, structured real estate loans and
customized treasury management capabilities built specifically for
the private markets. This specialized business team has some of the
industry's most experienced professionals to help deliver tailored
solutions with premier service to help clients maximize their
performance and efficiency. For more information on EverBank's
Asset-Backed Finance offerings, visit everbank.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/everbank-launches-new-asset-backed-finance-division-302225541.html
SOURCE EverBank, N.A.