Jacksonville, FL - EverBank^® Financial Corp announced today that it has received a capital investment of approximately $100 million from an affiliate of Sageview Capital LP, a private investment firm. The capital will be used to support continued significant growth in EverBank’s core banking and mortgage business lines.

"Sageview’s investment in EverBank will fuel a substantial expansion plan, enabling EverBank to grow our assets by over 30% to approximately $8 billion and dramatically expand our direct deposit customer base," stated Rob Clements, Chairman and CEO of EverBank. "While other banks and financial institutions have needed to raise equity to shore up capital, EverBank has generated record year-to-date earnings and has a strong balance sheet, which will enable us to deploy capital offensively to take advantage of recent market disruptions. After reviewing several alternatives, we selected Sageview as our capital partner. The principals at Sageview have a 20 year history of backing management teams to grow their businesses over the long term," continued Clements.

Under terms of the investment, Sageview will become the largest stockholder of EverBank Financial Corp.

"Sageview focuses on investing in innovative companies with demonstrated track records of success," stated Scott Stuart, a founding partner of Sageview Capital who will join EverBank’s Board of Directors. "EverBank has consistently delivered strong results and distinguished itself with prudent risk management during a variety of market cycles. As a result, EverBank is well positioned to capitalize on current market opportunities. Whether it’s assets or companies, we believe there are and will continue to be attractive opportunities in the financial services industry. We look forward to working with the management team to take EverBank to its next stage of growth and success," continued Stuart.

Last week, EverBank announced its 2008 first-half financial results, which included record earnings of $44.7 million (including proceeds from the sale of EverBank Reverse Mortgage LLC), record deposits of $4.1 billion, record bank capital of $402 million and record assets of $6.0 billion.