EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.
“Over the past several years, EverBank has acquired or started a number of commercial businesses that provide commercial real estate, equipment finance, asset-based lending and specialty financing solutions for our clients,” said Greg Vieceli, EverBank Executive Vice President, Commercial Division. “These businesses have developed a wide range of successful products and services and have been growth drivers for EverBank’s Commercial Division. The changes we’re making today will enable these businesses to work together seamlessly, enabling us to serve our clients more efficiently and quickly.”
Developing long-term, close working relationships with clients has been a cornerstone of EverBank’s Commercial Division, led by a team of professionals with deep domain expertise from many of the world’s leading commercial finance institutions. “To leverage our deep pool of talent and the synergies between our business units to operate more efficiently and with greater excellence, we needed to transform how we organize and how we serve our clients,” Vieceli added. “By combining these specialties into one unified business, we’re sharpening our focus on building broad client relationships in the commercial market. Our goal is to differentiate our unique commercial lending and financing offerings from our competitors and deliver a full suite of commercial products and services that meet our clients’ complex needs.”
Senior Leadership Appointments
EverBank announced the following senior leadership appointments and business unit realignments:
Douglas Misner, National Commercial Leader. Misner will have national sales responsibility for commercial real estate, equipment finance and asset based lending. He joined EverBank from GE Capital and has more than 25 years of sales and leadership experience in commercial finance, capital markets and business development.
The new national organizational structure under Misner will enable EverBank’s Commercial Division to provide a broader set of solutions to clients and promote more cross-business synergies. Reporting to Misner will be the sales leaders for the business verticals, including; Mike Sweeney, for vendor equipment finance; and Ken Walters, for asset-based lending and structured equipment finance. In addition, John Randall in his current role will continue to report to Misner as will capital markets across the Commercial Division.
Joseph Inferrera, Operations Leader. Inferrera’s group will span operations, loan closing, asset valuations, re-marketing and customer service across EverBank’s commercial businesses. The group will focus on facilitating internal collaboration and driving simplicity through systems, processes and tools to improve productivity and efficiency across the Commercial Division. Inferrera has a Six Sigma quality background with over 25 years of asset management, operations and finance experience at Xerox Corporation, Eastman Kodak Company and GE Capital.
Other Organizational Changes
Specialty and Lender Finance: Formerly known as Lender Finance, the business has expanded the scope of products and solutions it provides to specialty lenders and middle-market companies. In addition to providing secured, asset-based loan financing to specialty finance companies, the business, with its deep understanding and knowledge of underlying financial assets, can now provide single tranche (first-out) structures to principals and underwriters of credit transactions for middle-market companies. EverBank Specialty and Lender Finance will be led by Dave D’Antonio, based in Mount Laurel, NJ.
Business Capital: EverBank is consolidating the Capital Equipment Finance and Business Credit units into a single organization serving middle-market clients nationwide. The new vertical creates a business of significant scale with a large array of capabilities to provide asset-based revolvers and terms loans, equipment loans and leases and leveraged loans to support a companies’ working capital and equipment needs, growth strategies, acquisitions and recapitalizations. With deep industry expertise, the Business Capital team offers customized structured financing solutions across a broad range of asset types and industries, including food and beverage, transportation, retail and healthcare. The hold position will be up to $50 million, with the capability and expertise to arrange larger transactions through capital markets placements and other syndications strategies. The combined business has offices in New York City and Iselin, N.J.
To find out more about Everbank Business Capital, see: EverBank Business Capital Taps The Power of One.
EverBank Financial Corp, through its wholly owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank had $26.6 billion in assets and $19.0 billion in deposits as of March 31, 2016. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country.