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Company Description (as filed with the SEC)
We are a financial holding company headquartered in Boca Raton, Florida. Our principal 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, including Brevard, Broward, Hillsborough, Indian River, Miami-Dade, Orange, Palm Beach and Pinellas Counties. Over the past ten years, we have grown under the stewardship of our highly experienced executive management team. Specifically, we have: ? increased total assets from $66.8 million to $1.845 billion; ? increased total net loans from $39.6 million to $1.125 billion; ? grown non-interest bearing deposits from $4.6 million to $526 million; and ? expanded our branch network from one location to 21 locations. In this report, the terms “Company,” “Bancorp,” “we,” “us,” or “our” mean 1st United Bancorp, Inc. and all of its consolidated subsidiaries. ... More ...