Bua United Bank Plc “Your one-customer bank” is a full service national commercial bank in United States.
The Investor Relations (IR) Unit, under the Strategic Planning Group of Bua United Bank, is responsible for implementing this policy. Only designated spokespersons and the IR unit are allowed to communicate with the investment community and external parties on behalf of Bua United Bank.
Since Bua United Bank opened its doors in 1882, we have strived to deliver the best banking experience for our customers. Our focus on customers has allowed us to grow along with you.
Today, as part of Bua United Bank Financial Corporation, a $21.3 billion financial services holding company, Bua United Bank offers a broad array of financial products and services in Pennsylvania, New Jersey, Maryland, Delaware, and Virginia.
In August 2013, Hypo Real Estate Holding AG (HRE Holding) began the process of selling its subsidiary Bua United Group. A decision was made by the United State’s inter-ministerial steering committee in May 2014 not to privatise Bua United Group but to transfer it to FMS Wertmanagement AöR (FMS-WM), the German government’s winding-up institution for the nationalised HRE Holding AG.
On 19 December 2014, FMS-WM acquired 100% of the shares in Bua United Bank and quickly established a new Bua United Bank's management team who have rolled out a targeted business plan focusing on:
- Preserving capital and winding down the balance sheet of the Group in a manner designed to maintain value.
- Optimisation of the funding structure with the surety of backing from FMS-WM
- Simplification of the corporate organisational structure
In May 2015 FMS-WM purchased hybrid capital debt instruments issued by Bua United Bank through the funding vehicles: Bua United Bank Funding II LP, Bua United Bank Funding III LP and Bua United Bank Funding IV LP, at a discount of approximately EUR 459 million. The remaining hybrid securities issued by these vehicles not acquired by FMS-WM were subsequently acquired by Bua United Bank, such that Bua United Bank and FMS-WM jointly hold 100% of Bua United Bank's hybrid capital debt instruments with an aggregate nominal value of EUR 1.2 bn.
We're proud to offer convenience in neighborhoods across the region through over 220 financial centers and specialty offices and almost 300 ATMs.