BankUnited in Miami Lakes, Fla., has expanded its small-business lending operations into three new states.
The $25 billion-asset company said in a press release Tuesday that BankUnited Small Business Finance is now making loans in Ohio, Washington and Wisconsin.
The company said it had added five officers to its business development team, including executives who already work in the newly added states.
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Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.
June 21 - Florida
Loan growth, primarily in its New York market, drove BankUnited's profit higher in the first quarter. Net income at the $25 billion-asset Miami Lakes, Fla., company rose 18% to $54.9 million from a year earlier. Earnings per share rose 16% to 51 cents.
April 20 - Florida
BankUnited in Miami Lakes, Fla., reported a double-digit percentage increase in fourth-quarter profit, citing growth in loans and fee income.
January 21 -
John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.
January 22 -
BankUnited expects to receive about $393 million in proceeds from the offering. It plans to use the proceeds for general corporate purposes, including investments in and advances to its bank subsidiary.
November 13
BankUnited hired Michael Gawlik from Northwest Bank in Appleton, Wis.; Wan Kim from Hana Small Business Lending in Bellevue, Wash.; and Stephen Neal from Liberty Bank in Beachwood, Ohio.
The unit makes small-business loans in several markets, with a focus on real estate acquisitions, construction, refinance and franchise and equipment.
"It's a national platform and we didn't have any presence in those states," a BankUnited spokeswoman said in an interview.
In
"In the past year, the BankUnited Small Business Finance team has focused significant effort on improving overall efficiencies to support growing originations as a part of the bank's lending efforts throughout most major markets across the U.S.," Hakim Kassam, BankUnited's managing director, said in the release.
In June BankUnited
