Rare Thursday Bank Closure - BankUnited, FSB - Savings - Checking - CDs Article - banks, fdic, bank failure

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Rare Thursday Bank Closure - BankUnited, FSB

Article Submitted by: ktexas
Savings - Checking - CDs

Tags: Banks, Fdic, Bank failure, Bankunited, Financial crisis.

BankUnited, FSB, the largest bank headquartered in Florida, was closed today by federal regulators. This is only the second time in recent history that a bank was closed on Thursday instead of Friday (The last one was WaMu's closure.) Except for the closure coming on a Thursday, it wasn't much of a surprise. Bloomberg published leaks of the bidding process on Tuesday. A consortium of investors and private equity firms won the bid and will assume the banking operations under a newly chartered bank named BankUnited.

Submitted: May 21, 2009 Views: 156 Comments: 0 Likes: 3

View Article: http://bankdeals.blogspot.com/2009/05/rare-thursday-bank-closure-ba...

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