BankUnited has opened a new branch in Tampa's Westshore district and announced plans for a St. Petersburg location, expanding its commercial footprint in Florida's Gulf Coast markets. The bank, which trades on the NYSE under the symbol BKU, last closed at $46.47, with a return of 24.3% over the past year and 73.5% over the past three years. The expansion is part of BankUnited's strategy to deepen its presence in competitive Gulf Coast banking markets, with future updates on deposit trends and commercial activity expected to shed light on the impact of these new branches.
BankUnited IncOpening new branches in Tampa and St. Petersburg expands commercial footprint, likely to attract new customers and deposits.