BankUnited Appoints New Head of Business Banking

News Summary

BankUnited Inc. has appointed Lynetta Tipton Steed as the new executive vice president and head of business banking for Florida and Texas. With over 35 years of experience in the banking sector, Steed is poised to enhance the company’s business banking loan portfolio and support local businesses. Her leadership is expected to foster collaboration within the bank’s teams, creating exciting opportunities for clients. Based in Orlando, Steed’s commitment to small businesses and extensive background make her a valuable addition to BankUnited, paving the way for growth and innovation.

Exciting Changes at BankUnited: New Leader for Business Banking

Orlando, Florida – Big news is making waves in the banking world as BankUnited Inc. has officially appointed Lynetta Tipton Steed as the new executive vice president and head of business banking for the shining states of Florida and Texas. With her extensive experience and a true passion for the banking sector, Steed is set to take the reins and lead BankUnited into new heights within both markets.

Steed’s New Role at BankUnited

As the head of business banking, Steed will take on the monumental task of developing, managing, and advancing strategic objectives for the bank’s business banking teams. This isn’t just a title – it’s a hands-on role where she will actively work to increase the company’s business banking loan portfolio. This means she will be looking for innovative ways to support local businesses and help them grow.

Working closely with the bank’s commercial banking teams, Steed is expected to foster collaboration that will enhance the overall banking experience for customers. This teamwork approach will surely lead to exciting opportunities for business clients across the regions she oversees.

A Proven Leader Joins the Team

BankUnited’s senior executive vice president expressed immense confidence in Steed’s leadership abilities. With over 35 years of banking experience under her belt, she comes with a rich background that has poised her for this leadership role. Before venturing into BankUnited, she served as the executive vice president at Regions Bank, where she was responsible for driving sales, ensuring service excellence, and spurring revenue growth for both business and community banking.

Steed also previously held a significant position as the business banking executive at Fifth Third Bank, which spanned several states including Florida, Georgia, Kentucky, North Carolina, and Tennessee. Her vast experience reflects her capability to understand different markets and business needs, making her a valuable addition to the BankUnited team.

Commitment to Small Businesses

In her career, Steed has demonstrated a commitment to supporting small businesses. She is a current member and even a past chairperson of the Consumer Banker Association’s Small Business Committee located in Washington, D.C. Moreover, her experience includes testifying before the U.S. House of Representatives’ Small Business Committee, which showcases her dedication to advocating for business owners.

Where You Can Find Steed

Steed will be based in Orlando, Florida, at 189 Orange Avenue, Suite 1270 S, just in time to dive into all the action in the local business community. The headquarters for BankUnited is in Miami Lakes, Florida, where it has continued to thrive, recently reaching a total asset value of $35.2 billion as of December 31, 2024. The bank provides extensive banking services not just in Florida but also in the bustling New York metropolitan area and thriving Dallas, Texas.

What This Means for Clients

For clients and potential customers, this is a thrilling time to be involving yourself with BankUnited. With Steed at the helm of business banking, there’s an opportunity for growth and innovation that could benefit many local businesses. If you’re interested in learning more or have any banking inquiries, feel free to reach out to BankUnited at (407) 260-7921, or you can check out their website at www.BankUnited.com. Don’t forget, BankUnited is listed on the NYSE under the ticker symbol BKU, showcasing its credibility in the financial market.

Keep an eye on what’s next for BankUnited under the leadership of Lynetta Tipton Steed – exciting changes are on the horizon!

Deeper Dive: News & Info About This Topic

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