North Florida’s second largest bank brings new financial center to beaches (Courtesy of the Jacksonville Business Journal) — Months after successfully raising millions in capital to fuel nationwide growth, EverBank has opened its newest Northeast Florida location in Jacksonville Beach.
The locally headquartered bank — Jacksonville’s second-largest by market share, according to the latest FDIC data — has spent the year cementing its presence across the U.S., with a footprint now spanning Florida, California and New York.
This newest branch is located at 2200 3rd St. South and launches with a full suite of consumer and business banking services to the surrounding area.
“Our new Jacksonville Beach financial center reflects our long-standing commitment to serving the Jacksonville region with the personal relationships and financial solutions clients value most,” said Patrick Nygren, EverBank senior vice president and head of retail banking.
Headquartered at 301 W. Bay St., EverBank holds 23.99% of the local market share and reported $29.08 billion local deposits as of the second quarter of 2025, a roughly 10% increase year-over-year, according to FDIC data.
The nationwide specialty bank closed its acquisition of Sterling Bank in the early months of the year, a major step forward in its westward expansion strategy that added 25 branches across California, plus another in New York City.
As part of that deal, the Jacksonville-headquartered bank also acquired approximately $900 million in loans and $2 billion in deposits.
“The acquisition of Sterling Bank is an important milestone for our long-term growth strategy in California and nationwide,” EverBank CEO Greg Seibly said in a statement at the time. “California is the country’s largest banking market, and we’re looking forward to serving new consumer and business clients in the state and delivering to them the performance-driven advantages of banking with EverBank.”
Photo courtesy of Everbank