SHIFT · US
EverBank and WaFd merge in $3.9B reverse deal to create $75B regional bank
EverBank will combine with WaFd Bank through a reverse merger, forming a $75 billion-asset regional lender. The deal signals consolidation among mid-sized US banks as competitive pressures intensify.
WHY IT MATTERS
Mid-size bank mergers often precede AI infrastructure investments; combined entity will likely accelerate digital transformation and risk-analytics modernization to compete with mega-banks.
Source: Reuters · 2026-09-07