Financial services provider TIAA has combined EverBank and TIAA Direct under a new name and brand, TIAA Bank, in a bid to enhance its services to its clients.

In June 2017, TIAA acquired direct banking services provider EverBank.

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The new brand will provide comprehensive portfolio of financial products and services to the consumer, commercial and institutional clients utilising EverBank’s nationwide consumer and commercial platforms.

TIAA president and CEO Roger Ferguson Jr said: “For more than 100 years, TIAA has been committed to putting our clients first and helping them achieve financial well-being.

“With the expansion of TIAA’s banking products and services, we’re pleased to build on that commitment by offering customers a different kind of bank – one that makes banking even better for individuals, families, businesses and institutions across the country.”

Headquartered at Jacksonville in the US state of Florida, TIAA Bank provides deposit, residential and commercial lending as well as other banking services across the 50 US states.

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The bank uses latest digital banking technologies to enable the clients manage their finances from any place.

TIAA Bank’s president and CEO Blake Wilson said: “TIAA Bank offers a new and enhanced experience for our current consumer and commercial clients, delivering the same high level of service they’ve come to expect from us along with a broader range of products and services.

“We also now can provide new banking solutions to TIAA’s participants and institutions, building on TIAA’s century-long mission of service to the not-for-profit sector and beyond.”