Banks United, one of Florida’s largest banks, announced Thursday that it has closed down former President Trump’s account, joining a growing list of financial entities that have cut ties with the former president for inciting the deadly attack on the U.S. Capitol on Jan. 6th.
Trump had two money-market accounts with Banks United,. The accounts held somewhere between $5.1 million and $25.2 million, The Washington Post reports, citing Trump’s financial disclosures,
“We no longer have any depository relationship with him,” said Banks United, without giving reasons for its decision to shutter the accounts.
Another Florida bank, Professional Bank, last week announced that it would be cutting ties with Trump, saying it would no longer conduct business with the former president or his organizations.
Signature Bank in New York and Deutsche Bank have also said they will no longer be conducting future business with Trump. Signature Bank notably took a strong stance against Trump and his allies in Congress, calling for him to resign and saying it would not conduct business with lawmakers who had objected to certifying the presidential election.
The Trump Organization is under a civil investigation by New York attorney general Letitia James, who said criminal charges may arise if anything suggesting criminality is discovered during her probe.