BankUnited Deadline Extended to May 19

The auction to find a new buyer for the troubled Florida-based BankUnited Financial Corp. (BKUNA) has been extended to next week, Reuters reported Thursday citing a source familiar with the matter.

From Reuters: Bids were expected on Thursday, but the deadline has been pushed back to next Tuesday, the source said. The bank had assets of $13.1 billion and deposits of $8.7 billion as of March 31.

Potential bidders include a group led by former North Fork Bancorp Chief Executive John Kanas. The consortium includes Carlyle Group [CYL.UL], Blackstone Group LP (BX), Centerbridge Capital Partners LLC and WL Ross & Co, the source said.

Goldman Sachs Group Inc (GS) and Toronto-Dominion Bank (TD) could also bid for the bank, another person familiar with the matter said.

Private equity firm J.C. Flowers & Co may also bid, according to media reports.

BankUnited was deemed as “critically undercapitalized” by fed regulators as of Jan. 30 and directed it to seek a buyer or a merger partner.

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