Profile Previews

Get a glimpse into our company and investor data—powered by the PitchBook Platform

1st United Bancorp

1st United Bancorp
1999 FOUNDED
M&A STATUS
301-400 EMPLOYEES
M&A LATEST DEAL TYPE
2 FINANCING ROUNDS
7 INVESTMENTS
Description

1st United Bancorp is a Florida corporation. It is a financial holding company. The Company's main subsidiary, 1st United Bank, is a Florida-chartered commercial bank, which operates 21 banking centers in Florida, from Central Florida through the Treasure Coast to Southeast Florida, include, including Brevard, Broward, Hillsborough, Indian River, Miami-Dade, Orange, Palm Beach and Pinellas Counties. The Company offers a variety of traditional loan and deposit products, which it tailors to their specific needs to its customers, mainly professionals, individuals and small- and medium-sized businesses. The Company through its lending division, its commercial real estate loan portfolio includes loans secured by office buildings, warehouses, retail stores and other properties, which are primarily located in or near its markets. It originates a mix of fixed rate and adjustable rate residential mortgage loans. The construction loan portfolio includes residential real estate, commercial real estate and homeowners' association projects. Its Land loans portfolio includes exposure to land development, both residential and commercial. The Company originates consumer loans bearing both fixed and prime-based variable interest rates. It originates its loans directly through its banking centers, business bankers and residential lenders. Residential real estate secured loans are originated through its lenders who are licensed to make these loans. The Company maintains a range of deposit products, accounts and services to meet the needs of the residents and businesses in its primary service area. Products include an array of checking account programs for individuals and small businesses, including money market accounts, certificates of deposit, IRA accounts, and sweep investment capabilities. The Company's main competitors include Wells Fargo & Company, Bank of America Corporation, SunTrust Banks Inc., JPMorgan Chase & Co., Citigroup Inc., Regions Financial Corporation, BB&T Corporation, Raymond James Financial, Inc., and Bank United, Inc. The Company is registered with the Board of Governors of the Federal Reserve System as a financial holding company under the Gramm-Leach-Bliley Act and is registered with the Federal Reserve System as a bank holding company under the Bank Holding Company Act of 1956.

Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Primary Industry
Regional Banks
Former Stock Listing
FUBC
Primary Office
  • One North Federal Highway
  • Boca Raton, FL 33432
  • United States

1st United Bancorp Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

This information is reserved for PitchBook Platform users. To explore 1st United Bancorp‘s full profile, request access.

Request full access to PitchBook

1st United Bancorp Acquisitions (7)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 00 0000 00000 01-Apr-2016 000000000000000000 Regional Banks 00000 00000
0000000000 0000 00 01-Jul-2013 000000000000000000 000.00 Regional Banks 0000 000000
0000000 000000000 01-Apr-2012 000000000000000000 0000 National Banks 0000 000000
000 000000 0000 21-Oct-2011 000000000000000000 National Banks
The Bank of Miami 17-Dec-2010 Merger/Acquisition Regional Banks 0000 000000
To view this company’s complete investment and acquisition history, request access »

1st United Bancorp Former Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

This information is reserved for PitchBook Platform users. To explore 1st United Bancorp‘s full profile, request access.

Request full access to PitchBook