Carlyle buys BankUnited

The Carlyle Group is among a group of investors that will take over Florida’s BankUnited, the largest bank to fail this year.

Carlyle, along with Blackstone Group, Centerbridge Partners and WL Ross & Co., have invested $900 million in a new depository institution acquiring the operations of BankUnited, which was seized by government regulators Thursday evening. The new bank will remain headquartered in Coral Gables and continue to operate under the BankUnited name,Carlyle said in a statement.

The new investors say they plan to expand BankUnited’s product offerings and improve service.

Read Full Article from Bizjournals.com

- Posted: 2009-05-22 08:25:52

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