Mergers & Acquisitions ·
WaFd agrees to be acquired by EverBank; CFO Cathy Cooper gets $1.65M severance
WAFDWafd Inc
EverBank will merge with WaFd, Inc., with WaFd continuing as the surviving corporation under an Agreement and Plan of Merger dated September 6, 2026. In connection with the transaction, WaFd entered into a letter agreement on November 2, 2026, providing Chief Experience Officer Cathy E. Cooper with a lump-sum cash continuity payment of $1,650,000 payable within 60 days following closing, contingent upon her continued employment through the merger's completion. The filing references a definitive proxy statement filed on November 4, 2026, outlining shareholder approval requirements and transaction conditions. WaFd operates as a financial holding company providing banking services in the Pacific Northwest.