The Real Deal Miami

BankUnited on the block

April 23, 2009 10:44AM

Coral Gables-based BankUnited has a list of deep-pocketed buyers lining up to bid on it after it was given notice by the state to sell itself or find another way to raise capital. A consortium comprised of Blackstone Group, Carlyle Group and billionaire Wilbur Ross will ready a bid for the critically undercapitalized bank. Its market capitalization has fallen 93 percent to $10 million. The largest financial institution based in Florida said in an April 14 regulatory filing that the federal Office of Thrift Supervision had given it 15 days to merge or find a buyer.