BankUnited, Inc., is a national bank holding company with one wholly-owned
subsidiary, BankUnited, National Association ("BankUnited" or the
"Bank"), collectively, the Company. BankUnited, a national banking
association headquartered in Miami Lakes, Florida, provides a full range of
banking services to individual and corporate customers through 98 branches located
in 15 Florida counties and 6 banking centers in the New York metropolitan area.
The Bank also provides certain commercial lending products on a national platform.
The Company has built, through organic growth and, to a lesser extent, acquisitions,
a premier commercially focused regional bank with a long-term value oriented
business model serving primarily small and medium sized businesses. We endeavor
to provide relationship focused, personalized customer service and offer a full
range of traditional banking products and services to both our commercial and
retail customers.
Our primary lending focus is to serve small and middle-market businesses, their
executives and consumers with a variety of financial products and services,
while maintaining a strong and disciplined credit culture.
We offer a full array of lending products that cater to our 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 and consumer loans. We also purchase performing
residential loans through established correspondent channels on a national basis.
We have attracted and invested in experienced lending teams from competing institutions
in our Florida, Tri-State and national markets, resulting in significant growth
in our new loan portfolio.
We offer traditional deposit products including checking accounts, money market
deposit accounts, savings accounts and certificates of deposit with a variety
of terms and rates. Our deposits are insured by the FDIC up to statutory limits.
Demand deposit balances are concentrated in commercial and small business accounts.
Our service fee schedule and rates are competitive with other financial institutions
in our markets.
Investment Securities
The primary objectives of our investment policy are to provide liquidity necessary
for day-to-day operations, provide a suitable balance of high credit and diversified
quality assets to the consolidated balance sheet, manage interest rate risk
exposure, and generate acceptable returns given the Companys established risk
parameters.
The investment policy is reviewed annually by our Board of Directors. Overall
investment goals are established by our Board, Chief Executive Officer, Chief
Financial Officer, and members of the Asset/Liability Committee ("ALCO").
The Board has delegated the responsibility of monitoring our investment activities
to ALCO. Day-to-day activities pertaining to the investment portfolio are conducted
within the Companys Treasury division under the supervision of the Chief Financial
Officer.
Our primary banking markets are Florida, with the largest concentration being
the Miami metropolitan statistical area, and the Tri-State market of New York,
New Jersey and Connecticut. We believe both represent long-term attractive banking
markets. We also operate several national commercial lending platforms and purchase
residential loans on a national basis through established correspondent channels.
Our competitive strengths, including experienced management, lending and relationship
banking teams, a strong capital position and scalable platform, continue to
allow us to take advantage of opportunities across our markets.
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