Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.
The $25 billion-asset BankUnited hired Daniel McKew and Greg Faherty to lead Bridge Funding Group in Hunt Valley, Md., according to a Monday news release. McKew and Faherty previously worked for Capital One Financial's Equipment Finance unit in Timonium, Md.
BankUnited formed Bridge Funding earlier this year when it merged two subsidiaries, Bridge Capital Leasing and United Capital Business Lending.
- 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 -
FirstBank Florida in Miami has recruited five bankers from area competitors to bolster its commercial banking department.
June 1 -
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
McKew joins Bridge Funding as president responsible for leading loan origination, underwriting, syndication and operations. Faherty will be group director of operations, tasked with managing and expanding its infrastructure.
Before joining Capital One, McKew worked for CFG Community Bank and 1st Mariner Bank, both in Baltimore, and was president of SunTrust Equipment Finance and Leasing in Towson, Md. Faherty previously worked for SunTrust and for PHH Arval in Sparks, Md.
