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Real Estate & Property Law

: Housing Wire

Deal or Die for ?Under-Capitalized? BankUnited

By DIANA GOLOBAY

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The countdown began Tuesday for Florida-based BankUnited FSB, which received a prompt corrective action directive from the Office of Thrift Supervision (OTS). The bottom line: Merge with or be acquired by another financial institution within 20 days. OTS said in the directive it considered the Coral Gables bank “under-capitalized” as of January 30 and gave [...]

Full post as published by Housing Wire on April 17, 2009 (boomark / email).

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