bg-arrow-down icon-arrow-up icon-back-to-top icon-linkedin icon-menu icon-search icon-twitter logo-white slider-arrow-left-gray slider-arrow-left slider-arrow-right-gray slider-arrow-right

Bidder Medicine

US Banker
While its house was burning down, BankUnited of Coral Gables, Fla., was on a deposit-gathering spree.

Florida’s largest lender had been under the gun to reverse its negative Tier 1 capital ratio since being slapped with cease-and-desist order in September by the Office of Thrift Supervision. The institution was raking in the deposits with high-yield certificates of deposit and other savings instruments, paying what rates above those of competitors in the Miami/Dade County region. When the music stopped on May 21, its core deposits stood at $8.6 billion, up more than a 21 percent from the year before.

For more information, contact Novantas Marketing

+1 (212) 953-4444