Bank United Corporation, headquartered in Houston, Texas, was a broad-based financial services provider and the largest publicly traded depository institution headquartered in Texas before its merger with Washington Mutual in 2001.
The company operated a 155-branch community banking network in Texas, including 77 in the Dallas/Fort Worth Metroplex, 66 in the greater Houston area, five in Midland, four in Austin, and three in San Antonio; operated 19 SBA lending offices in 14 states; was a national middle market commercial bank with 23 regional offices in 16 states; originated mortgage loans through 11 wholesale offices in 10 states; operated a national mortgage servicing business serving approximately 324,000 customers, and managed an investment portfolio.
[14][15] The Federal Deposit Insurance Corporation held warrants worth 1.5 million common shares which were redeemed at that time.
[17] In January 1999, Bank United announced that they had signed an agreement with Kroger to open 50 more branches inside Kroger supermarkets in the Houston and Dallas-Fort Worth metropolitan areas that were previously occupied by Bank of America and NationsBank.
[21] In August 2000, Washington Mutual announced the pending acquisition of the Houston-based Bank United Corporation with its 155 branch offices, all located in Texas, for $1.49 billion in stock.