Bloomberg News

MetLife Sells Insurer’s Warehouse Finance Business to EverBank

February 09, 2012

Feb. 9 (Bloomberg) -- MetLife Inc., the life insurer retreating from banking to limit federal oversight, agreed to sell its warehouse finance business to EverBank Financial Corp.

The deal is expected to be completed by June 30, according to a Marketwire statement today from Jacksonville, Florida-based EverBank that didn’t disclose terms.

To contact the reporter on this story: Andrew Frye in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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