BankUnited, Inc. operates as the holding company for BankUnited, National Association that provides a range of banking services to individual and corporate customers. Market Areas The company’s primary banking markets are Florida, in particular the Miami metropolitan statistical area, and the Tri-State market of New York, New Jersey and Connecticut. As of December 31, 2014, the company had 100 branches located in 15 Florida counties. The company had six banking centers in metropolitan New York, including four in Manhattan, one in Long Island, and one in Brooklyn. Products and Services Lending and Leasing The company’s primary lending focus is to serve commercial and middle-market businesses, their executives and consumers with various financial products and services. The company offers a range of lending products that cater to its customers' needs, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit, residential mortgages and consumer loans. The company also purchases performing residential loans through established correspondent channels on a national basis. Commercial Loans and Leasing: The company’s commercial loans, which are generally made to improving companies and middle-market businesses, include equipment loans, secured and unsecured commercial and working capital lines of credit, formula-based loans, mortgage warehouse lines, taxi medallion loans, letters of credit, a range of Small Business Administration product offerings, and to a lesser extent, acquisition finance credit facilities. Through three commercial finance subsidiaries, the company provides municipal and equipment financing on a national basis. Pinnacle Public Finance, Inc. (Pinnacle) offers essential use equipment financing to municipalities through both loan and direct finance lease structures. United Capital Business Lending, Inc. (UCBL) offers small business equipment leases and loans with a primary focus on franchise equipment finance. Bridge Capital Leasing, Inc (Bridge) primarily provides transportation equipment finance through loan, direct finance lease and operating lease structures. Commercial Real Estate Loans: The company offers term financing for the acquisition or refinancing of properties, primarily rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers and free-standing buildings, office buildings and hotels. Other products that the company provides include real estate secured lines of credit, acquisition, development and construction loan facilities and construction financing. The company makes commercial real estate loans secured by both owner-occupied and non-owner occupied properties. Residential Mortgages: The company originates loans for portfolio and for sale into the secondary market. It purchases loans to supplement its mortgage origination platform and to geographically diversify its loan portfolio. Consumer Loans: The company offers consumer loans to its customers for personal, family and household purposes, including auto, boat and personal installment loans. Investment Securities As December 31, 2014, the company’s investment securities included U.S. treasury securities; U.S. government agency and sponsored enterprise residential mortgage-backed securities; U.S. government agency and sponsored enterprise commercial mortgage-backed securities; re-remics; private label residential mortgage-backed securities and collateralized mortgage obligations; private label commercial mortgage-backed securities; single family rental real estate-backed securities; collateralized loan obligations; non-mortgage asset-backed securities; mutual funds and preferred stocks; state and municipal obligations; small business administration securities; and other debt securities. Deposits The company offers traditional deposit products, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with various terms and rates. Its deposits are insured by the FDIC up to statutory limits. Demand deposit balances are concentrated in commercial and small business accounts. Marketing and Distribution The company’s distribution network includes 104 ATMs, fully integrated online banking, mobile banking and a telephone banking service. The company targets improving companies and commercial and middle-market businesses, as well as individual consumers. Regulation and Supervision The company, which controls the bank, is a bank holding company, and as such, is subject to ongoing and comprehensive supervision, regulation, examination and enforcement by the Federal Reserve Board. As a national bank organized under the National Bank Act, the bank is subject to ongoing and comprehensive supervision, regulation, examination and enforcement by the Office of the Comptroller of the Currency (OCC). The deposits of the bank are insured by the FDIC up to applicable limits. Certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that is relevant to the company and its banking subsidiaries. The bank is a member of the Federal Home Loan Bank of Atlanta. The bank regulators examine and assign each bank a public Community Reinvestment Act rating. Competition The company’s primary banking competitors in the Florida market include Bank of America, BB&T, BBVA Compass, HSBC, JPMorgan Chase, Regions Bank, Santander, Sabadell, SunTrust Banks, TD Bank and Wells Fargo. In the Tri-State market, the company also competes with Capital One, Signature Bank, New York Community Bank, Valley National and M&T Bank and various community banks. History BankUnited, Inc. was founded in 2009.
bankunited inc (BKU:New York)
14817 Oak Lane
Miami Lakes, FL 33016
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