The Real Deal Miami

BankUnited shares drop

May 20, 2009 11:27AM

The Federal Deposit Insurance Corp. closed bids for Coral Gables-based BankUnited, which must either raise capital or find a buyer. It’s the largest Florida-based bank, and it was devastated by bad real estate loans. Bidders are thought to include TD Bank, with the assistance of Goldman Sachs; the combination of W.L. Ross, Carlyle Group and Blackstone Group; and the J.C. Flowers & Co. hedge fund.