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Value Financial closes first U.S. fixed-rate reverse mortgage

May 30, 2007

EverBank acquires NetBank businessesMortgagePress.comSmall business financing EverBank Financial Corporation has reached an agreement to acquire NetBank Inc.'s direct banking and small business financing divisions and mortgage-servicing portfolio. EverBank plans to complete the acquisition by early summer. The transaction will increase EverBank's assets to approximately $7 billion, its deposits to approximately $6 billion and its customer base to more than 550,000. After its completion, the company will be the third-largest Florida-based bank. Jacksonville, Fla.-based EverBank Financial Corporation is a private financial services holding company. For more information, call (888) 882-3837 or visit www.everbank.com. NetBank Inc. is a financial holding company based in Alpharetta, Ga. For more information, visit www.netbank.com.
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May 30, 2007
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