BankUnited is uniting the north and south again. It's the bank holding company for BankUnited, N.A., which provides standard banking services to individuals and businesses through about 100 branches in 15 Florida counties and six banking centers in the New York metro area (following the purchase of the New York private bank Herald National). BankUnited was formed in 2009 following the demise of the former BankUnited FSB, which collapsed under the weight of bad mortgages. A team of private investors bought BankUnited from the FDIC, injected $900 million in fresh capital and in 2011 took the company public via an initial public offering (IPO); it was the first IPO of a rescued bank during the economic crisis.