WaFd (WAFD) Proxy filing summary

Executive summary

• Plans announced for a merger between EverBank and WaFd Bank, creating a $75B-asset, multi-channel bank with a nationwide presence and over 250 branches.

• The transaction is expected to close in early 2027, pending regulatory and shareholder approvals.

• The combined entity aims to leverage complementary strengths, enhance profitability, and accelerate long-term growth strategies.

• Forward-looking statements highlight anticipated benefits, but also note significant risks and uncertainties that could affect the outcome.

Voting matters and shareholder proposals

• Shareholder approval is required for the merger, with a proxy statement to be filed and mailed to eligible shareholders.

• Shareholders are encouraged to review all proxy materials and related SEC filings for important information about the transaction.

Board of directors and corporate governance

• WaFd, EverBank, and certain directors and executive officers will participate in the proxy solicitation process for the proposed merger.

• Information about directors and executive officers is available in prior proxy statements and SEC filings.