BankUnited N.A., a Florida-based bank with a metropolitan New York presence that was recapitalized by new private equity owners after its seizure by federal regulators and bankruptcy in the financial crisis of 2009, will expand its New York corporate banking division with the hiring of two senior vice presidents to head its new Westchester office expected to open in June.
The corporate banking office will be at 5 International Drive in the Reckson Executive Park in Rye Brook and serve both New York and Connecticut clients. The office is temporarily operating out of BankUnited’s offices at 623 Fifth Ave. in Manhattan. BankUnited has three other Manhattan branches and single offices in Brooklyn and Melville.
Leading bank operations in Westchester will be Craig Kincade as senior vice president for corporate banking and Art Rhatigan as senior vice president and corporate banking team leader.
A Valhalla resident, Kincade has spent more than three decades in the banking industry, most recently as senior vice president for corporate banking at BBVA Compass in New York City.
Another industry veteran with more than 30 years in banking, Rhatigan joins BankUnited from Key Bank in New Haven, where he served most recently as senior vice president and sales team leader in the Connecticut/Western Massachusetts middle market banking division. The Fairfield resident has served on the finance committees of the Bridgeport Regional Business Council and the Diocese of Bridgeport and on the boards of the McGivney Community Center and Bridgeport Public Education Fund.
BankUnited COO Thomas M. Cornish said Kincade’s and Rhatigan’s combined “depth and breadth of experience in serving the lending and corporate banking needs of middle-market clients throughout Westchester and Connecticut will allow BankUnited to expand to serve a larger geographic footprint in one of the nation’s most robust markets.”
BankUnited N.A., a wholly owned subsidiary of BankUnited Inc., is headquartered in Miami Lakes with 92 banking centers in 15 Florida counties in addition to its six bank offices in the New York metropolitan area. The bank expanded into New York City with its $71.4 million acquisition of Herald National Bank in 2011.