BankUnited, Inc., incorporated on April 28, 2009, is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area. The Bank also provides a range of traditional banking products and services to both its commercial and retail customers.
Lending Activities
The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal and non-profit loans and leases, commercial and mortgage warehouse lines of credit, letters of credit and consumer loans. It also purchases performing residential loans through established correspondent channels on a national basis. Its commercial loans include equipment loans, secured and unsecured lines of credit, formula-based loans, mortgage warehouse lines, taxi medallion loans, letters of credit, Small Business Administration (SBA) product offerings and business acquisition finance credit facilities. It offers term financing for the acquisition or refinancing of properties, primarily rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers, free-standing single-tenant buildings, office buildings and hotels.
The Company provides other products, including real estate secured lines of credit, acquisition, development and construction loan facilities and construction financing. The Company offers consumer loans to its customers for personal, family and household purposes, including auto, boat and personal installment loans. Through the Bank's two commercial lending subsidiaries, the Company provides municipal, equipment and franchise financing on a national basis. As of December 31, 2016, the Company's total loans were $19.4 billion.
Investment Activities
The Company's investment securities are classified as investment securities available for sale and investment securities held to maturity. Its investment securities available for sale include the United States treasury securities, the United States government agency and sponsored enterprise residential mortgage-backed securities, the United States government agency and sponsored enterprise commercial mortgage-backed securities, resecuritized real estate mortgage investment conduits, private label residential mortgage-backed securities and collateralized mortgage obligations, private label commercial mortgage-backed securities, single family rental real estate-backed securities and collateralized loan obligations, among others. As of December 31, 2016, its total investment securities available for sale were $6 billion.
Sources of Funds
The Company's sources of funds include management fees and dividends from the Bank, access to capital markets and its own available for sale securities portfolio. It offers traditional deposit products, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with a range of terms and rates. As of December 31, 2016, the Company's total deposits were $1.9 billion.
The Company competes with Bank of America, BB&T, BBVA Compass, HSBC, JPMorgan Chase, PNC, Regions Bank, Santander, Sabadell, SunTrust Banks, TD Bank, Wells Fargo, Capital One, Signature Bank, New York Community Bank, Valley National Bank and M&T Bank.
14817 Oak Ln
The company trades on NYSE exchange. The company headquarter is located in Florida, FL. The company was established in the 2009.| Ticker | BKU |
| Long Name | BankUnited, Inc. |
| Short Name | BankUnited |