EverBank has expanded its fiduciary banking capabilities with the launch of a Specialty Deposit division that will provide customized banking solutions to fiduciary clients, including escrow and title companies, 1031 exchange facilitators and property management firms.
EverBank’s Specialty Deposit services include advanced tools for escrow and title transactions, secure solutions for 1031 exchange accounts and efficient fund management for property management firms overseeing multi-family, commercial and industrial properties.
Additionally, EverBank offers specialized services to support mortgage servicers, contractor retention escrows, municipalities and public funds. The division’s offerings include a suite of multi-level fraud prevention tools, single sign-on banking, cash reporting and account management processes.
This division is led by Tracy Miller, who brings more than 30 years of specialized banking experience to EverBank.
“EverBank’s new Specialty Deposit offering allows us to serve a set of clients that have specialized, high touch needs from a banking partner,” Miller said in a release. “Our goal is to be that partner for fiduciary clients and provide the expertise they need, whether in real estate closings, property management or managing exchange accounts. With our expanding team of experienced professionals, we are poised to offer secure, reliable solutions that help our clients achieve their goals with confidence.”
Previously, Miller held senior leadership roles at First Foundation Bank where she served as senior vice president, director of treasury management and senior vice president, director of depository services. She also led treasury management at Umpqua Bank and Argent and held vice president and senior vice president roles at Commerce National Bank, Western Financial Bank and California Bank and Trust.
The Specialty Deposit business will also be supported by John Ryan as commercial relationship manager, George McManus as specialty deposit banker and Michelle Vallejo as relationship banker.