EverBank to acquire the life premium finance unit from Primis Bank.

EverBank, an American diversified financial services company, agreed to acquire the life premium finance unit, a provider of custom-tailored life insurance premium financing solutions, from Primis Bank, a commercial banking services provider. Financial terms were not disclosed. "Life insurance is a critical piece of the financial plans of many high-net-worth individuals, particularly business owners, entrepreneurs and their families, who rely on life premium financing to fund complex insurance solutions. We're pleased to bring this new lending product to EverBank's consumer and commercial banking clients across the country and know it will make an important difference in many peoples' lives," Greg Seibly, EverBank CEO.