Bank failure · FL

Bankunited, FSB (Coral Gables, FL) — failed May 21, 2009

Bankunited, FSB of Coral Gables, Florida was closed on May 21, 2009 and resolved through a purchase and assumption. Bankunited (FL) took over its insured deposits. At failure it held $13.1B in assets and $8.8B in deposits. The FDIC's estimated loss on the failure is $5.2B (39.9% of assets).