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.
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 March 2015, BankUnited paid about $233 million to buy the small-business finance unit of CertusHoldings in Greenville, S.C., along with its $203 million loan portfolio that sold and serviced loans under the Small Business Administration's 7(a) and CDC/504 programs.
"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 appointed two former Capital One Financial executives, Daniel McKew and Greg Faherty, to lead its new equipment and franchise finance unit.