TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.
Deutsche Bank served as administrative agent on the expansion of TriplePoint Venture Growth’s revolving credit facility to $325 million. Existing lenders include KeyBank, TIAA, FSB, MUFG, Hitachi Capital and NBH Bank. Customers Bank joined as a new lender.
Hercules Capital has replaced its existing $200 million credit facility with MUFG Union Bank with a new $400 million credit facility.
EverBank Financial’s stockholders voted to approve its acquisition by Teachers Insurance and Annuity Association of America. Out of the votes cast, 99.8% were in favor of the acquisition.
TIAA named Blake Wilson future president and CEO of EverBank Financial following its acquisition of the company. Kathie Andrade will serve as chairman of the board and CEO, Retail Financial Services.