What happened to BankUnited?
On May 21, 2009, BankUnited, FSB was closed by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation (FDIC) was then named Receiver.
BankUnited operates convenient banking centers in Florida, New York and Dallas, Texas, along with 24-hour digital access. As of March 31, 2024, BankUnited N.A. has $35.1 billion in total assets.
A private equity group led by Kanas and W.L. Ross & Co. —famed investor Wilbur Ross' vulture capital firm—bought BankUnited in an unprecedented move. It was the first time the FDIC gave a private equity firm the go ahead to purchase a bank.
The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships. They regularly review all FDIC-insured banks, such as BankUnited, to ensure standards are met.
For the year ended December 31, 2023 , the Company reported net income of $178.7 million , or $2.38 per diluted share, compared to $285.0 million , or $3.54 per diluted share, for the year ended December 31, 2022 .
BankUnited Financial, the largest Florida-based lender in Florida, was shut down by banking regulators and sold to a group of private-equity firms. The Office of Thrift Supervision closed BankUnited on Thursday and appointed the Federal Deposit Insurance Corp.
Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.
BankUnited serves businesses and consumers through over 100 branches in Florida and 6 banking centers in New York. BankUnited has more than $19 billion in assets and is one of the most well-capitalized… More. Bankunited Inc reports have an aggregate usefulness score of 4.7 based on 111 reviews.
BankUnited is headquartered in Miami Lakes, FL and has 42 office locations located throughout the US. See if BankUnited is hiring near you. Do you work at BankUnited? Is BankUnited's location convenient and accessible?
BankUnited Employees
BankUnited had 1,588 employees on December 31, 2023. The number of employees decreased by 48 or -2.93% compared to the previous year.
What is the safest bank in America right now?
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
- 1: Wells Fargo. Worst Bank Overall. ...
- 2: Citibank. Worst Bank Runner-up. ...
- 3: Bank of America. Most Complaints Overall. ...
- 4: Capital One. Most Better Business Bureau Complaints. ...
- 5: Discover. Highest Rate of Complaints. ...
- 6: Citizens Bank. Worst Fees Overall. ...
- 7: Flagstar Bank. ...
- 8: Fifth Third Bank.
BankUnited, Inc. , with total assets of $37.0 billion at December 31, 2022 , is the bank holding company of BankUnited, N.A. , a national bank headquartered in Miami Lakes, Florida with 54 banking centers in 12 Florida counties, 4 banking centers in the New York metropolitan area, and 1 banking center located in Dallas ...
Chairman/Pres/CEO/Co-Founder, Bankunited Inc.
(NYSE: BKU), with total assets of $35.1 billion at March 31, 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 ...
| Company type | Public |
|---|---|
| Traded as | NYSE: BKU Russell 1000 Index component S&P 600 component |
| Industry | Financial services |
| Predecessor | BankUnited Financial Corporation |
| Founded | 1984 |
| Bank NameBank | CityCity | Closing DateClosing |
|---|---|---|
| Signature Bank | New York | March 12, 2023 |
| Silicon Valley Bank | Santa Clara | March 10, 2023 |
| Almena State Bank | Almena | October 23, 2020 |
| First City Bank of Florida | Fort Walton Beach | October 16, 2020 |
U.S. Bancorp made an $8 billion deal to acquire MUFG Union Bank in September 2021 and closed the transaction last December.
Two major California banks — Silicon Valley Bank and First Republic — have failed. While some banking industry leaders have said the immediate crisis is over, stock prices for other regional banks, including PacWest and Western Alliance, fell this week.
The oldest bank still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472.
Is BankUnited a regional bank?
Company ESG Risk Ratings
The company is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform.
- 6-Month CD. 5.10% APY* Open an Account.
- 9-Month CD. 4.75% APY* Open an Account.
- 12-Month CD. 4.50% APY* Open an Account.
- 18-Month CD. 0.10% APY* Open an Account.
- 24-Month CD. 0.10% APY* Open an Account.
- 36-Month CD. 0.10% APY* Open an Account.
The New York Federal Reserve Bank, the largest within the Federal Reserve System, regulates financial institutions and implements U.S. monetary policy, which in turn influences the world's economy.
About OneUnited Bank
We're the nation's largest Black-owned bank, first Black-owned digital bank, and award winning CDFI with branches in Boston, Los Angeles and Miami.
Is U.S. Bank part of U.S. Bancorp? Yes, U.S. Bancorp [NYSE: USB] is the publicly traded parent company of U.S. Bank.
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