Raj Singh Grows BankUnited organically as a two-market bank
Written by Gabi Maspons on August 22, 2017
Though BankUnited has more than doubled deposits in the past eight years, it’s committed to maintaining the local, community feel. “We’re a country bank,” President Raj Singh joked, the cows across the street visible from his office.
BankUnited hasn’t been around long, but Mr. Singh is making sure it will be. His customer-based mission has attracted bankers from all over, and he is committed to growing organically. “We don’t take a single customer for granted,” Mr. Singh said.
Mr. Singh is perfectly content growing BankUnited within its two markets of Miami and Manhattan for now. Being a small player is ideal, because there’s always room for growth. “We’re just getting started,” he said. Though building up a company requires patience, he says it’s more beneficial long-term than mergers and acquisitions.
Mr. Singh was careful not to take the credit for BankUnited’s success, confessing his management style is to hire the best and give them the space to work hard themselves.
Unlike the roaming cows, he is carefully deliberate when describing the bank’s mission: be the best at what you do, and have fun doing it.
Monday through Friday, Mr. Singh is jam-packed. His laminated hourly schedule leaves very little time for lunch, he joked. But he surrenders his time to his three kids and personal charitable works on weekends.
Miami Today reporter Gabi Maspons interviewed Mr. Singh at the BankUnited headquarters in Miami Lakes. The interview was recorded by videographer Jahmoukie Dayle, and can be found at http://bit.ly/2uNHy0Q.
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