Federal regulators gave BankUnited 20 days to merge or find a buyer to raise its depleted capital to acceptable levels.
Officials at BankUnited, the main unit of BankUnited Financial Corp., didn't immediately return phone calls seeking comment on the government order, which set the clock ticking April 14 and puts it at imminent risk of government takeover. BankUnited, which has assets of about $14 billion, is the largest financial institution based in Florida.
Read the complete story at miamiherald.com
Comments