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Federal regulators give BankUnited 20 days to find buyer | Idaho Statesman

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News

Federal regulators give BankUnited 20 days to find buyer

Martha Brannigan - Miami Herald

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April 16, 2009 02:55 PM

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.

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