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BankUnited
BankUnited

Financial services / Commercial and Retail Banking Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
BankUnited is a national bank headquartered in Miami Lakes, Florida. It was founded in 2009 as a result of a merger between two Florida-based banks, BankUnited FSB and BankUnited Financial Corporation. The bank offers a variety of financial services including checking and savings accounts, credit cards, loans, and investment services.
As of 2021, BankUnited has over $38 billion in assets and operates over 90 branches in Florida, New York, and California. It is one of the largest banks based in Florida and is known for its focus on commercial and residential real estate lending.
BankUnited also has a visible presence in the community through its corporate social responsibility initiatives, including its support for small businesses and commitment to environmental sustainability. The bank has received several awards for its community involvement, including the “Outstanding CRA Rating” from the Office of the Comptroller of the Currency.
In addition, BankUnited has a strong digital presence and offers various online and mobile banking services for its customers. It has been recognized for its mobile app, which allows users to manage their accounts, deposit checks, and access financial tools and resources.
Overall, BankUnited has established itself as a reputable and successful banking institution with a strong focus on community involvement and technological innovation.
What is special about the company?
1. History: BankUnited has a rich history dating back to 1984 when it was first established as a savings and loan association. It has gone through various stages of growth and has emerged as one of the leading financial institutions in the United States.
2. Focus on Community: BankUnited is committed to giving back to the communities it serves. It has donated millions of dollars to various charitable organizations and sponsors a wide range of community events.
3. Strategic Locations: The bank has strategically placed its branches and offices in key locations across the country, making it easily accessible for customers.
4. Diversified Financial Services: BankUnited offers a wide range of financial products and services, including personal banking, business banking, wealth management, and mortgage services, catering to the diverse needs of its customers.
5. Technological Advancements: The bank has invested in cutting-edge technology to provide its customers with convenient and secure banking experiences. This includes a robust mobile banking app and online banking platform.
6. Strong Financial Performance: BankUnited has a strong track record of financial performance. It has consistently reported profits and has a stable credit rating, making it a reliable and trustworthy financial institution.
7. Awards and Recognition: BankUnited has been recognized for its exceptional performance and services by various organizations, including being named one of Forbes’ Best Banks in America for four consecutive years (2017-2020).
8. Commitment to Diversity: The company values diversity and has been recognized as one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation.
9. Environmental Sustainability: BankUnited is committed to reducing its environmental impact. It has implemented various sustainability initiatives, including promoting energy efficiency and reducing paper waste.
10. Strong Leadership: The company has a team of experienced and dedicated leaders who have played a key role in its success and growth. They are committed to upholding the company’s values and driving it towards continued success.
What the company's business model?
BankUnited is a national bank that offers a variety of financial products and services to individuals and businesses. Its business model revolves around providing traditional banking services, such as checking and savings accounts, loans, mortgages, and credit cards, while also offering more specialized products such as private banking, wealth management, and commercial banking services. The bank primarily generates revenue through interest income from loans and investments, as well as fees for its products and services. BankUnited also focuses on maintaining a strong digital presence and customer service to attract and retain customers. Additionally, the company has a regional focus, with most of its branches located in Florida and New York.
Interesting facts about the company
- BankUnited is a bank holding company that was founded in 2009 in Miami Lakes, Florida.
- The company operates a savings and loan association with over 60 branches in Florida, as well as New York City.
- BankUnited has over $34.7 billion in assets and is one of the largest independent depository institutions headquartered in Florida.
- The bank provides a range of financial services including consumer and commercial banking, mortgages, and wealth management.
- In 2019, BankUnited was named as one of Forbes’ Best Banks in America for the fifth consecutive year.
- The company is publicly traded on the New York Stock Exchange and is a member of the S&P 500 index.
- BankUnited has been recognized for its corporate social responsibility initiatives, including its commitment to diversity and inclusion in the workplace and community.
- The bank has partnered with organizations such as the United Way, Feeding South Florida, and Habitat for Humanity to support local communities.
- BankUnited has received numerous awards and accolades for its financial performance, customer service, and workplace culture.
- The company has a strong digital presence, offering online and mobile banking services to its customers.

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