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{{Short description|Florida based regional bank}}
{{COI|date=March 2023}}
{{primary sources|date=November 2017}}
{{Infobox company
{{Infobox company
| name = BankUnited, Inc.
| name = BankUnited, Inc.
| logo = File:BankUnited_logo.svg
| logo =
| caption =
| type = Public
| type = [[Public company|Public]]
⚫
| traded_as = {{NYSE|BKU}}
| traded_as = {{NYSE|BKU}}<br>[[Russell 1000 Index]] component<br>[[List of S&P 600 companies|S&P 600]] component
| genre =
⚫
| industry = [[Financial services]]
⚫
| fate =
| products = [[Retail banking|Consumer Banking]], [[Commercial bank|Corporate Banking]]
⚫
| predecessor = BankUnited Financial Corporation
| successor =
| genre =
⚫
| fate =
| foundation = {{start date|1984}}
⚫
| predecessor = BankUnited Financial Corporation
⚫
| founder =
| defunct =
| successor =
| foundation = {{start date and age|1984}}<ref>{{Cite web |url=https://thefinancialbrand.com/16845/bankunited-rebranding/ |title=BankUnited's Brand Rebirth: From Collapse to Credibility|date=January 10, 2020}}</ref>
| location_city = [[Miami Lakes, Florida]]<ref name="wsj-fails"/>
⚫
| founder =
⚫
| location_country = [[United States]]
| location =
| defunct =
| locations =
| location =
| area_served = [[South Florida, Gulf Coast, Central Florida]]
| location_city = [[Miami Lakes, Florida]], U.S.
| locations =
| key_people = [[John Kanas]] <small>(CEO)</small><ref name="fdic-pr09072"/>
| area_served = Florida, Tri-state market of New York, New Jersey and Connecticut
⚫
| industry = [[Financial services]]
| key_people = Rajinder P. Singh
| products =
(Chairman, President & CEO)
| production =
⚫
| services =
Thomas M. Cornish (Chief Operating Officer)
| revenue =

| operating_income =
Leslie Lunak (Chief Financial Officer)
| net_income =
| aum =
| production =
⚫
| services =
| assets = $10.8 billion<ref name="fdic-pr09072"/>
| assets = {{increase}} US$ 35.4 billion (June 30, 2024)
| equity =
| owner =
| owner = [[W.L. Ross]]<br/>[[Blackstone Group]]<br/>[[The Carlyle Group]]<br/>[[Centerbridge Partners]]<ref name="wsj-fails"/><br/>LeFrak Organization<br/>[[Wellcome Trust]]<br/>[[Greenaap Investments]]<br/>[[East Rock Endowment Fund]]<ref name="fdic-pr09072"/>
| num_employees =
| parent =
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| footnotes =
⚫
| intl =
| slogan = It's a local thing.
⚫
| location_country = [[United States]]
| homepage = [http://www.bankunited.com/ www.bankunited.com]
| homepage = [http://www.bankunited.com/ www.bankunited.com]
| footnotes =
⚫
| intl =
}}
}}
BankUnited, headquartered in Miami Lakes, Florida, has more than $10 billion in assets, and a comprehensive branch network with more than 80 locations in 13 Florida counties.


'''BankUnited, Inc.''', with total assets of $35.4 billion at June 30, 2024 is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida, New York metropolitan area and Dallas, Texas and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. BankUnited also offers certain commercial lending and deposit products through national platforms.
One of the most well-capitalized banks in the country, BankUnited is the second largest depository institution in Florida based on assets. On January 28, 2011, BankUnited Inc. began trading on the New York Stock Exchange under the symbol BKU. The initial public offering was the largest for a U.S. bank in history.


BankUnited, Inc. was organized by a management team led by John A. Kanas and was initially capitalized with $945.0 million by a group of investors including W.L. Ross, Blackstone Group, The Carlyle Group and Centerbridge Partners.<ref name=":1">{{Cite web|url=http://ir.bankunited.com/phoenix.zhtml?c=89487&p=irol-newsArticle_Print&ID=1559034|title=BankUnited Financial : Investor Relations - News Release|website=ir.bankunited.com|access-date=2017-08-03}}{{Dead link|date=October 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> On May 21, 2009, BankUnited acquired substantially all of the assets and assumed all of the non-brokered deposits and substantially all other liabilities of BankUnited, FSB, from the FDIC in the FSB Acquisition.<ref name=":0">{{Cite web|url=http://ir.bankunited.com/news-releases/news-release-details/bankunited-inc-reports-2018-results|title=BankUnited Inc : Investor Relations - News Release|website=ir.bankunited.com|access-date=2017-08-03}}</ref> On February 2, 2011, the Company completed its IPO.<ref name=":1" />
In September 2011, BankUnited earned a 5-star rating from BauerFinancial in its first evaluation since the bank was established in 2009.
BankUnited is focused on expanding their network throughout Florida. They are committed to helping commercial and middle-market businesses grow and reach their full potential.


The bank offers a broad range of online services, treasury management tools for businesses and traditional depository and lending products.<ref name=":2">{{Cite web|url=http://ir.bankunited.com/phoenix.zhtml?c=89487&p=irol-IRHome|title=BankUnited Inc : Investor Relations - Corporate Profile|website=ir.bankunited.com|access-date=2017-08-03}}</ref>
BankUnited is committed to serving the credit needs of the communities in which it operates and a proud supporter of the letter and spirit of the Community Reinvestment Act (CRA). The Bank employs lending, investment and service activities that are responsive to community development needs across its 13 county CRA assessment areas. By partnering with organizations such as Catalyst Miami and Neighborhood Housing Services of South Florida, BankUnited targets its community development resources in a manner that maximizes benefit to low and moderate-income individuals and communities.


==External links==
BankUnited is building Florida’s bank!
{{Finance links
| symbol = BKU
| sec_cik = BKU
⚫
| google = NYSE:BKU
| yahoo = BKU
| bloomberg = BKU:US
| reuters = BKU
| nasdaq = BKU
}}
* [http://www.bankunited.com/ Official Website]
{{Portal|Banks}}


==References==


[[BankUnited Center]] is so named due to naming rights being sold by the [[University of Miami]].

<ref>BankUnited</ref>==References==
{{Reflist}}
{{Reflist}}
⚫
{{Carlyle Group}}
{{Authority control}}


⚫
[[Category:Companies listed on the New York Stock Exchange]]
{{Blackstone Companies}}
⚫
{{Carlyle}}

[[Category:Banks established in 1984]]
[[Category:Banks established in 1984]]
[[Category:Banks based in Florida]]
[[Category:Banks based in Florida]]
[[Category:Coral Gables, Florida]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2009]]
⚫
[[Category:Companies that have filed for Chapter 11 bankruptcy]]
[[Category:Re-established companies]]
[[Category:Re-established companies]]
[[Category:Private equity portfolio companies]]
[[Category:Private equity portfolio companies]]
[[Category:Companies based in Miami, Florida]]
[[Category:Companies based in Miami]]
[[Category:The Carlyle Group]]

Latest revision as of 13:02, 19 July 2024

BankUnited, Inc.
Company typePublic
NYSE: BKU
Russell 1000 Index component
S&P 600 component
IndustryFinancial services
PredecessorBankUnited Financial Corporation
Founded1984; 41 years ago (1984)[1]
Headquarters
Miami Lakes, Florida, U.S.
,
United States
Area served
Florida, Tri-state market of New York, New Jersey and Connecticut
Key people
Rajinder P. Singh

(Chairman, President & CEO)

Thomas M. Cornish (Chief Operating Officer)

Leslie Lunak (Chief Financial Officer)
ProductsConsumer Banking, Corporate Banking
Total assetsIncrease US$ 35.4 billion (June 30, 2024)
Websitewww.bankunited.com

BankUnited, Inc., with total assets of $35.4 billion at June 30, 2024 is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida, New York metropolitan area and Dallas, Texas and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. BankUnited also offers certain commercial lending and deposit products through national platforms.

BankUnited, Inc. was organized by a management team led by John A. Kanas and was initially capitalized with $945.0 million by a group of investors including W.L. Ross, Blackstone Group, The Carlyle Group and Centerbridge Partners.[2] On May 21, 2009, BankUnited acquired substantially all of the assets and assumed all of the non-brokered deposits and substantially all other liabilities of BankUnited, FSB, from the FDIC in the FSB Acquisition.[3] On February 2, 2011, the Company completed its IPO.[2]

The bank offers a broad range of online services, treasury management tools for businesses and traditional depository and lending products.[4]

[edit]
  • Business data for BankUnited:
  • Official Website

References

[edit]
  1. ^ "BankUnited's Brand Rebirth: From Collapse to Credibility". January 10, 2020.
  2. ^ a b "BankUnited Financial : Investor Relations - News Release". ir.bankunited.com. Retrieved 2017-08-03.[permanent dead link‍]
  3. ^ "BankUnited Inc : Investor Relations - News Release". ir.bankunited.com. Retrieved 2017-08-03.
  4. ^ "BankUnited Inc : Investor Relations - Corporate Profile". ir.bankunited.com. Retrieved 2017-08-03.
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