EverBank Announces Growth Investment From Sageview Capital

New Capital to Fuel Substantial Expansion Plan

JACKSONVILLE, Fla., July 22 /PRNewswire/ -- EverBank(R) 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.

About EverBank Financial Corp:
EverBank Financial Corp., and its EverBank subsidiaries, is a privately-held
thrift holding company headquartered in Jacksonville, Florida offering
innovative banking, lending, and investment products and services of
exceptional value. The company's balanced mortgage banking and deposit
banking platforms provide diverse revenue streams with proven success in a
variety of market conditions. As of June 30, 2008, the company has over $6.0
billion in assets and over $4.1 billion in deposits. For more information on
the EverBank Family of Companies, log on to EverBank.com.

About Sageview Capital LP:
Sageview Capital LP is a $1.4 billion private investment fund founded in 2006
by Edward A. (Ned) Gilhuly and Scott M. Stuart, both formerly partners of
Kohlberg Kravis Roberts & Co. (KKR). The Fund takes a private equity approach
to investing in both public and private companies in North America and Europe,
by focusing on long-term opportunities and supporting management as an active,
engaged shareholder. Sageview has a select group of limited partners,
including university endowments, large family offices, and non-profit
foundations. It has offices in Greenwich, Connecticut, Palo Alto, California
and Stockholm, Sweden. For more information on Sageview, log on to
http://www.sageviewcapital.com/.

Keefe, Bruyette & Woods, Inc. served as Sageview Capital's advisor for the
transaction.

SOURCE EverBank Financial Corp; Sageview Capital LP

: Peter Robbio, +1-703-683-5004, ext 116, for EverBank; or Molly Morse,
+1-212-521-4826, for Sageview Capital