New owner has big plans for BankUnited
June 12, 2009
By MoneyAisle
According to the Miami Herald, New York banker John Kanas, who “led a group of private equity firms in a winning bid for BankUnited, has ambitious plans, near term and long, to remake the recapitalized thrift into Florida’s leading homegrown bank.”
Kanas “wants to refocus the thrift on commercial banking to small and medium businesses, to work through its mountain of troubled mortgages and to snap up other faltering Florida banks to round out the network.”
The thrift was recently seized and put into receivership with the FDIC, which then sold it to Kanas’ group.