Former president Donald Trump continues to be publicly shunned by banks even after leaving office on Wednesday.
"On Friday, Miami Lakes-based BankUnited announced it was ending its relationship with the former president. New financial records show Trump maintained two money-market accounts there that held a total of more than $5.1 million," Rob Wile of the Miami Herald reports.
"Last week, Professional Bank also said it would no longer do business with Trump. The Coral Gables-based firm loaned $11.2 million to Trump's family in 2018 to purchase a property adjacent to Trump's Mar-a-Lago club in Palm Beach, and also held a money-market account in Trump's name valued between $5 million and $25 million."
The two Miami banks aren't the only ones distancing themselves from Trump following the fatal January 6th insurrection at the U.S. Capitol.
Deutsche Bank and Signature Bank have also cut ties with Trump.
Trump's banking crisis occurs against the backdrop of his tax firm ending their representation.
Two Miami-area banks have now severed ties with Donald Trump https://t.co/8Gq9gUy4m3— Rob Wile (@Rob Wile) 1611344614.0
