Bank United, a Florida bank that previously did business with former President Donald Trump, said it had closed its accounts. The bank joins a growing list of companies that no longer plan to do business with Trump following the deadly insurgency on the U.S. Capitol on Jan.6. Trump ended his tenure as president on Wednesday, traveling to Florida before President Joe Biden took office. The House of Representatives voted to impeach Trump for inciting violence.
“We no longer have a depository relationship with him,” a Bank United spokesperson told the Washington Post on Thursday. The bank has not given a reason to cut ties with Trump. The bank has held some of Trump’s money since at least 2015, as one of Trump’s financial disclosures shows. Trump had two money market accounts in the bank, between $ 5.1 million and $ 25.5 million combined. The forms did not include the exact dollar amounts.
Since the attack on Capitol Hill three weeks ago, other banks have said they will stop working with Trump. Signature Bank in New York announced that it would close two personal accounts that totaled $ 5 million. Company spokeswoman Susan Turkell strongly condemned Trump, calling on him to step down. “Signature Bank is committed to no longer doing business in the future with members of Congress who voted to ignore the Electoral College,” Turkell said, NBC News reports. “We have never commented on any political issues before and hope to never do so. To witness a riot in the Presidency of the United States Senate and ask our elected representatives to take cover under their seats is appalling and an insult to the Republic. ”
Deutsche Bank will also stop working with Trump, who had two mortgages totaling $ 340 million with the bank, a source told NBC News. The loans are due in 2023 and 2024. The company declined to comment, but the U.S. COO condemned the attack on Capitol Hill in a LinkedIn post. Deutsche Bank has long faced controversy over its business ties with Trump. Two of his personal bankers at the company resigned in December and the reasons for their decisions were not announced.
Another Florida bank, Professional Bank, has also severed ties with Trump, Bloomberg News reports. According to a July filing, Trump had up to $ 25 million in a money market account at the bank, paying up to $ 1 million in interest for the year. Trump’s relationship with the bank dates back to 2018, when it provided him with a mortgage to purchase his sister’s house in Palm Beach.
Eric Trump, who helped oversee the Trump organization during his father’s time in the White House, told The Associated Press that the companies cutting ties with the company after the riot were part of a ” liberal culture of cancellation. Eric continued, “We live in the age of culture cancellation, but it’s not something that started this week. It’s something they’ve been doing to us and to others for years. If you don’t agree with them, if they don’t like you, they try to cancel you. “
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I am amazed that a business would make such a decision, any and all of them. To be a democratic and liberal and then to force others to believe what they believe is amazing. I have my beliefs but I would never force anyone or condemn someone to have my values. This is what America is about, the ability to have your own beliefs and values and not have that taken away. Socialists are like the mouse who doesn’t understand why the cheese in the mouse trap is free cheese. People do not truly understand economics or the detriment we are in now with who is attempting to run the ship. The democrats have convinced the masses that they are working for them when they are doing for themselves and don’t understand the risk worldwide they have put us in over such a short 10 months. The bigger picture is much more crucial than the stimulus checks being sent out as bait to persuade. Unfortunately the damage might be too late and our freedom put at stake with the ones who know too little and listen to their neighbor, looking for what’s free now and a mistakenly huge payment later.