Author Topic: EverBank Coming Downtown, Now What?  (Read 15328 times)

JaxAvondale

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Re: EverBank Coming Downtown, Now What?
« Reply #75 on: February 20, 2019, 10:15:27 PM »
i thought that TIAA wanted their online banking channel.

jaxlongtimer

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Re: EverBank Coming Downtown, Now What?
« Reply #76 on: February 20, 2019, 10:28:17 PM »
Weird, I thought retail branch was one of the reasons TIAA bought Everbank to begin with.

It has always been my understanding that Everbank was built around Internet banking with customers nationwide.  The area branches (only 11, per their web site, all between here and Orlando) were a byproduct of them buying various banks to accumulate deposits and/or other financial assets and maybe to help give them a little street cred by having a physical bank someone could see vs. a virtual bank in the cybersphere.  Currently, the branches are probably a mere decimal point to TIAA.

With TIAA's greater recognition and longevity, their huge size and greater national reach and the ongoing evolution of Internet banking, the branches were probably expendable at this point.  Not unusual as even the more branch-oriented mega banks are closing branches like crazy.

pierre

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Re: EverBank Coming Downtown, Now What?
« Reply #77 on: February 21, 2019, 08:34:15 AM »
i thought that TIAA wanted their online banking channel.

I am pretty sure that was it

Steve

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Re: EverBank Coming Downtown, Now What?
« Reply #78 on: February 21, 2019, 10:23:32 AM »
They aren't closing their Banking Branches. They are closing their Retail Branch Mortgage Offices it appears.

JaxAvondale

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« Last Edit: February 21, 2019, 10:52:52 AM by JaxAvondale »

Kerry

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Re: EverBank Coming Downtown, Now What?
« Reply #80 on: February 21, 2019, 05:01:55 PM »
Funny - they got $4.8 million tax dollars 2 years ago to create 200 new jobs.  I guess maybe these aren't the 'same' jobs.  Wonder if the City will ask for any of the money back.
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vicupstate

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Re: EverBank Coming Downtown, Now What?
« Reply #81 on: February 21, 2019, 05:40:11 PM »
Funny - they got $4.8 million tax dollars 2 years ago to create 200 new jobs.  I guess maybe these aren't the 'same' jobs.  Wonder if the City will ask for any of the money back.

As part of the realignment of that business, the bank will eliminate 132 positions in Jacksonville, spokesman Michael Cosgrove said.
TIAA Bank employed 1,117 people in Jacksonville and 3,285 people in total at the end of 2018, Cosgrove said.
"The problem with quotes on the internet is you can never be certain they're authentic." - Abraham Lincoln

Kerry

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Re: EverBank Coming Downtown, Now What?
« Reply #82 on: February 21, 2019, 09:28:59 PM »
But they didn't get paid to eliminate positions.
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JaxAvondale

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Re: EverBank Coming Downtown, Now What?
« Reply #83 on: February 22, 2019, 07:47:29 AM »
These jobs were unlikely created from the incentives.
« Last Edit: February 22, 2019, 09:21:03 PM by JaxAvondale »

Kerry

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Re: EverBank Coming Downtown, Now What?
« Reply #84 on: February 24, 2019, 03:30:07 PM »
These jobs were unlikely created from the incentives.

Usually incentives don't work that way.  It is usually based net jobs.  Either way, it would be interesting to know if the City is going to look into it.  My guess is they aren't.
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JaxAvondale

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Re: EverBank Coming Downtown, Now What?
« Reply #85 on: February 24, 2019, 10:30:40 PM »
These jobs were unlikely created from the incentives.

Usually incentives don't work that way.  It is usually based net jobs.  Either way, it would be interesting to know if the City is going to look into it.  My guess is they aren't.

These were outside mortgage sales job. It is unlikely that these jobs impacted the Brooklyn or Downtown offices.

Kerry

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Re: EverBank Coming Downtown, Now What?
« Reply #86 on: February 25, 2019, 07:55:00 AM »
These jobs were unlikely created from the incentives.

Usually incentives don't work that way.  It is usually based net jobs.  Either way, it would be interesting to know if the City is going to look into it.  My guess is they aren't.

These were outside mortgage sales job. It is unlikely that these jobs impacted the Brooklyn or Downtown offices.

Just curious, does it not concern anyone else that the City pays for job creation that doesn't happen, or at least doesn't last?

One of the private groups I am member of on Facebook asked the question if the situation with Amazon in NYC signaled and end to corporate welfare.  My response was No, that far too many people still believed in globalism and globalist economics.  Maybe there are even more believers in NE Florida than I thought.
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Steve

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Re: EverBank Coming Downtown, Now What?
« Reply #87 on: February 25, 2019, 08:29:42 AM »
These jobs were unlikely created from the incentives.

Usually incentives don't work that way.  It is usually based net jobs.  Either way, it would be interesting to know if the City is going to look into it.  My guess is they aren't.

These were outside mortgage sales job. It is unlikely that these jobs impacted the Brooklyn or Downtown offices.

Just curious, does it not concern anyone else that the City pays for job creation that doesn't happen, or at least doesn't last?

One of the private groups I am member of on Facebook asked the question if the situation with Amazon in NYC signaled and end to corporate welfare.  My response was No, that far too many people still believed in globalism and globalist economics.  Maybe there are even more believers in NE Florida than I thought.

The jobs were tied to downtown employment. While some of these folks worked downtown, most did not.

Kerry

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Re: EverBank Coming Downtown, Now What?
« Reply #88 on: February 25, 2019, 09:17:15 AM »
These jobs were unlikely created from the incentives.

Usually incentives don't work that way.  It is usually based net jobs.  Either way, it would be interesting to know if the City is going to look into it.  My guess is they aren't.

These were outside mortgage sales job. It is unlikely that these jobs impacted the Brooklyn or Downtown offices.

Just curious, does it not concern anyone else that the City pays for job creation that doesn't happen, or at least doesn't last?

One of the private groups I am member of on Facebook asked the question if the situation with Amazon in NYC signaled and end to corporate welfare.  My response was No, that far too many people still believed in globalism and globalist economics.  Maybe there are even more believers in NE Florida than I thought.

The jobs were tied to downtown employment. While some of these folks worked downtown, most did not.

Thanks Steve.
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