Action News Jax has learned the company behind the sale of EverBank Financial Corporation.
TIAA and EverBank have signed an agreement for TIAA to buy EverBank for more than $2.5 billion, but the agreement has not yet been finalized.
The deal would close in the first half of 2017.
TIAA is a diversified not-for-profit financial service.
TIAA officials say they are interested in the banking company in order to expand.
The Jacksonville Jaguars released the following statement when we asked what the sale would mean for the naming rights of EverBank Field:
We have not had any discussions on this subject and will need to learn more regarding their future branding plans before we will be in a position to comment."
EverBank spokesman Michael Cosgrove said no decision has been made about the signage at EverBank Field, as it is too soon to tell.
EverBank officials said they do not anticipate any employee layoffs prior to closing as a result of the sale.
A TIAA person released a statement about potential employee layoffs after the sale:
We do not anticipate any reductions in force or layoffs prior to closing as a direct result of this transaction, unless supported by other business reasons."
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Cox Media Group
