Who is the CEO of BankUnited?
Chairman/Pres/CEO/Co-Founder, Bankunited Inc.
BankUnited, Inc. , with total assets of $35.8 billion at December 31, 2023 , 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 ...
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.
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.
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.
WASHINGTON -- Regulators on Thursday shut down BankUnited, a struggling Florida thrift whose closure is expected to cost the Federal Deposit Insurance Corp. $4.9 billion. The failure of the Coral Gables, Fla.
BankUnited is a very large bank owning $35.78 billion in assets and deposits totaling $26.07 billion. It has a strong Texas Ratio of 2.60%, signifying a tiny likelihood of failure. Additionally, BankUnited is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
(NYSE: BKU), with total assets of $35.8 billion at December 31, 2023 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 ...
BankUnited's competitors and similar companies include Alerus, ServisFirst Bancshares, Sterling Bancorp and Regions Financial. BankUnited, Inc. is a bank holding company for BankUnited, the Bank. Alerus Financial is a financial services company that offers banking, mortgage, wealth management, and retirement services.
| Company type | Public |
|---|---|
| Traded as | NYSE: BKU Russell 1000 Index component S&P 600 component |
| Industry | Financial services |
| Predecessor | BankUnited Financial Corporation |
| Founded | 1984 |
What happened to BankUnited?
BankUnited, FSB, Coral Gables, Florida
The Federal Deposit Insurance Corporation (FDIC) was then named Receiver. Subsequent to the closure, BankUnited, a newly chartered federal savings bank, acquired the assets and most of the liabilities of BankUnited, FSB from the FDIC as Receiver for BankUnited, FSB.
BankUnited had revenue of $873.04M in the twelve months ending December 31, 2023, down -4.63% year-over-year. Revenue in the quarter ending December 31, 2023 was $215.05M, a -6.61% decrease year-over-year. In the year 2023, BankUnited had annual revenue of $873.04M, a decrease of -4.63%.
- 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.
| Rank by Asset Size | Bank Name | Number of Branches |
|---|---|---|
| 1. | Chase Bank | 4,700 |
| 2. | Bank of America | 3,900 |
| 3. | Wells Fargo | 4,500 |
| 4. | Citibank | 600 |
The respective Boards of Directors of United and Community Bankers Trust previously approved the merger agreement. Under the merger agreement, United will acquire 100% of the outstanding shares of Community Bankers Trust in exchange for common shares of United.
BankUnited is a member of the Federal Deposit Insurance Corporation (FDIC), an independent agency of the U.S. government that protects bank depositors against the loss of their insured deposits. At BankUnited, your deposits are covered by the FDIC for up to $250,000 per depositor per account ownership category.
| 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 |
The collapses of Silicon Valley Bank and Signature Bank in March 2023—then the second- and third-largest bank failures in U.S. history—took consumers by surprise. Subsequently, three more banks failed in 2023: First Republic Bank in May, Heartland Tri-State Bank in July and Citizens Bank of Sac City in November.
Two regional US banks, California-based Silicon Valley Bank (SVB) and New York's Signature Bank, have collapsed under the weight of heavy losses on their bond portfolios and a massive run on deposits.
The worst banks are Wells Fargo and Citibank. Wells Fargo is the worst bank overall, with a high percentage of unresolved complaints and loss of Better Business Bureau accreditation. Citibank has a string of high-profile cases involving operational chaos and regulatory fines.
What is the most secure bank in us?
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
| Global Top 100 | ||
|---|---|---|
| Rank | Name | Domicile |
| 1 | KfW | GERMANY |
| 2 | Zuercher Kantonalbank | SWITZERLAND |
| 3 | BNG Bank | NETHERLANDS |
BankUnited operates convenient banking centers in Florida, New York and Dallas, Texas, along with 24-hour digital access. As of December 31, 2023, BankUnited N.A. has $35.8 billion in total assets.
It operates online channels, banking centers, and ATMs in New York, Connecticut, New Jersey and Florida.
BankUnited Mission Statement
all dedicated to providing personal service and custom-fit solutions for our clients. As a company, we believe that we can reach our goals, if you can reach yours.
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