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Largest Independent Bank in Florida Fails

BankUnited F.S.B. is the most costly bank failure since the IndyMac failure in 2008. The FDIC and BankUnited will share in the losses on approximately $10.7 billion in assets covered under the agreement. BankUnited, FSB had assets of $12.80 billion and deposits of $8.6 billion. The bank’s management team is headed by John Kanas, a veteran of the banking industry and former head of North Fork Bank. It is the 34th FDIC-insured institution to fail in the nation this year.”]

Source: https://www.cuinfosecurity.com/largest-independent-bank-in-florida-fails-a-1486

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