Bank Failure
BankUnited, FSB
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Closed May 21, 2009 · Coral Gables, FL · FDIC Cert #32247.
- Closing date
- May 21, 2009
- Headquarters
- Coral Gables, FL
- FDIC Certificate
- 32247
- Total assets at closing
- $13.11B
- Total deposits at closing
- $8.78B
- Estimated loss to the insurance fund
- $5.23B
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- BankUnited
Context
On May 21, 2009, regulators closed BankUnited, FSB, headquartered in Coral Gables, FL. At closing, the institution held approximately $13.11B in assets and $8.78B in deposits. The FDIC record names BankUnited as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $5.23B.
By assets at closing this is the 11th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did BankUnited, FSB fail?
BankUnited, FSB was closed by regulators on May 21, 2009.
Who acquired BankUnited, FSB?
The FDIC record names BankUnited as the acquiring institution in the resolution of BankUnited, FSB.
How big was BankUnited, FSB when it failed?
BankUnited, FSB had approximately $13.11B in total assets and $8.78B in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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