Bank of New York is now EverBank

Back in March 2007, Bank of New York Co. had relinquished its 49 percent stake in reverse mortgage lender BNY Mortgage Co. to majority partner EverBank Financial Corp. As Everbank is a privately held company, this transaction took place for an undisclosed price.

In Early November 2007, Bank of New York officially started doing business as Everbank. EverBank is based in Jacksonville, Florida

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