1st United Bancorp, Inc. (Bancorp) is a financial holding company. 1st United Bank, a Florida state chartered bank, is its wholly owned subsidiary. Bancorp offers its customers, professionals, high net-worth individuals and small and medium-sized businesses, a variety of traditional loan, deposit and cash management products. As of December 31, 2010, it operated banking center from 15 locations consisting of four banking centers in Palm Beach County, four banking centers in Broward County, four banking centers in Miami-Dade County, and one banking center each in Sebastian, Vero Beach and Barefoot Bay, Florida. As of December 31, 2010, the total assets of Bancorp were at 1.268 billion and the total loans of the Company were at $847.7 million. On January 8, 2011, it purchased all of the assets of The Bank of Miami, National Association. Effective April 1, 2012, the Company merged with Anderen Financial, Inc. (Anderen), under which it acquired Anderen and its subsidiary, Anderen Bank.