MetLife (NYSE:MLG) bank’s Warehouse Finance Business has been acquired by Everbank.

EverBank has reached an agreement to acquire MetLife (NYSE:MLG) Bank’s Warehouse Finance business.

The financial terms of the transaction have not been disclosed.

Rob Clements, Chairman and CEO of EverBank, said that, “We’ve been interested in entering the warehouse lending business for some time. The MetLife (NYSE:MLG) Warehouse Finance business represents a natural business line expansion for EverBank and diversifies our lending platform with high quality asset generation capabilities”.

MetLife (NYSE:MLG) shares were at 26.45 at the end of the last day’s trading. There’s been a NA movement in the stock price over the past 3 months.

MetLife (NYSE:MLG) Analyst Advice
Consensus Opinion: NA
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: #ZRANK#4# out of #ZRANK#6# in the industry