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10 years after resurrection, BankUnited eyes Atlanta, servicing exit

May 20, 2019 - American Banker

Milestone anniversaries are often a time of reflection.

BankUnited in Miami Lakes, Fla., was reborn a decade ago when John Kanas and a group of investors bought a failed thrift from the Federal Deposit Insurance Corp. overMemorial Day weekend in 2009, taking on $13 billion in assets and $8 billion in deposits.

The company has more than doubled its assets and tripled its deposits since. Kanas handed the controls to longtime lieutenant Rajinder Singh when heretired in 2016.