Four banks have cut ties with former President Trump after the Capitol protests.
Florida-based BankUnited has said it has ended its ties to Trump, according to the Miami Herald. The financial institution noted that President Trump did not have any loans from them.
“We never had a lending agreement with President Trump and we no longer have a depository connection to him,” a bank leader said in a released message.
Financial records show that President Trump kept two money-market accounts totaling over $5.1 million at BankUnited.
Two weeks ago, another bank called Professional Holding Corp. said it would no longer provide banking services to President Trump or his company.
“Professional Bank has chosen to cease our business relationship with the Trump Organization, and we will be severing all business with the company starting immediately,” a spokesperson for Professional Holding Corp said to Fortune.
Professional Holding Corp. allegedly loaned $11.2 million to Trump’s family back in 2018 to buy a property near the Mar-a-Lago club in the city of Palm Beach, Florida. The financial institution also maintained a money-market account for Trump, with a value between $5 million and $25 million.
After the Capitol hill event, two of Trump’s largest lenders broke ties with him. German-based Deutsche Bank, which supposedly has $340 million loaned to Trump’s company, stated they would cut business ties with President Trump and his companies.
Christiana Riley, who is leader of Deutsche Bank’s American operations, put out a statement after the protests at the Capitol building.
“We take pride in our Constitution and support those who uphold it to guarantee the people’s will is protected and a peaceful transition takes place,” Riley wrote.
Signature Bank of New York also stopped its relationship with President Trump. The bank closed two personal accounts worth around $5.3 million, according to Bloomberg, citing two insiders with direct knowledge of the closing.
Signature Bank had also requested that President Trump resign before his Jan. 20 term ending date.
“We believe the right action would be for the President to resign, which is in the best interests of the American people and the nation,” the bank claimed in a memo on Jan. 11. “We have never commented on politics and hope to never do so again.”
The memo also said that Signature Bank would not have business ties to members of Congress who voted to not certify the Election.
Senate Majority Leader Chuck Schumer (D-N.Y.) said House Speaker Nancy Pelosi (D-Calif.) will give an article of impeachment against President Trump to the Senate this Monday.
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