Press Release · September 25, 2026
EveryBank Launches Floor Plan & Dealer Services
Financing the average car, for the average buyer, at the average price. Mature Businessman leaves his meeting to lead it.
HARTVILLE, Mo. (Sept. 25, 2026) — EveryBank, N.A., the equal-weighted average of every bank in America, today launched Floor Plan & Dealer Services, a new business line financing the inventory on America's car lots.
The segment will be led by Mature Businessman, who joins from In Meeting With His Colleagues, where he had served since the photo was taken. EveryBank first confirmed talks with him in September. He is now pictured holding a set of keys, which the bank considers a promotion.
Floor plan lending finances a dealer's vehicles from the day they arrive on the lot until the day they're sold. For EveryBank it has one more advantage: the Call Report has no line for it. Floor plan loans sit inside commercial and industrial lending, alongside everything else. The segment cannot miss a target no one can measure.
"We looked for a niche that was big, familiar, and impossible to audit from public data. Floor plan was all three."
— A. Verne Ridge, Chair & Chief Executive Officer
The average car. The average new car in America cost $50,089 in August (Kelley Blue Book), financed over an average of 70.4 months (Edmunds, Q2 2026). EveryBank does not think that's a good price. EveryBank thinks it's the average price, and average people are paying it. That is the business.
"You want a $15,000 electric car with two moonroofs, a Sony stereo, self-parking and leather seats? Go to China. The average American is paying fifty grand for less car, over more months, and we're financing the lot it sits on. That's not a criticism. That's the business."
— Perry Sentyle, Chief Risk Officer, speaking at the launch event
"I have opinions about the price of cars. The average bank does not. I've been asked to keep mine to the earnings call."
— Stan Deveaux, Chief Financial Officer
The mean and the median, in the parking lot
Auto loans 60+ days past due, August 2026. Fitch Prime and Subprime Auto ABS 60+ Delinquency Indexes, as reported.
| Borrower | 60+ days delinquent | Context |
|---|---|---|
| Prime | 0.47% | The median car buyer. Paying on time. |
| Subprime | 5.98% | Second-highest August since 1994 |
| Ratio | 12.7× | Same car lot, different borrowers |
The typical borrower is fine. The tail is on fire. An average of the two describes neither, which is the only thing EveryBank has ever said.
"Floor plan risk is dealer risk, and dealer risk is buyer risk with a delay. I'd watch the subprime tail. The median buyer isn't the problem; the median never is."
— Perry Sentyle, Chief Risk Officer
Board note. The segment was approved over the median's objection. Median EveryBank's consumer book is small ($4.2 million), local, and mostly the loans people in one county actually take out. The median asked who, exactly, would be walking the lots to count the cars. The mean said Mature Businessman. Mature Businessman smiled and held up the keys.
Clarification
Remarks by Chief Risk Officer Mr. Perry Sentyle (%) at the launch event regarding the price and features of vehicles manufactured in other countries reflect his personal views and not those of EveryBank, N.A., which as an arithmetic average does not hold views. Mr. Sentyle (%) has been reminded that he speaks in ranges. He has said that he does, and then he hasn't.
About EveryBank, N.A.
EveryBank, N.A. is the equal-weighted average of every U.S. bank that takes deposits, one bank one vote. It is not a real bank, does not make floor plan loans, and has never been to a car dealership. See About Us.
Media contact: EveryBank does not have a press office. Inquiries may be directed to the arithmetic.