EverBank Completes Acquisition of Tygris

From Jacksonville Business Journal

EverBank Financial Corp. reported closing on the half-billion-dollar capital injection from acquiring Tygris Commercial Finance Group Inc.

According to EverBank's press release

The Tygris acquisition provides EverBank with substantial growth capital to continue to offer high-credit-quality residential loans, retail deposit products and specialized financing as well as pursue other strategic acquisition opportunities.

Perhaps this will help EverBank keep their deposit rates competitive. Their 5-year CD rate is currently near the top of our nationwide 5-year CD rate list.